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GDP
$115BCURRENT US$
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30.9%CURRENT US$
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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$6,391CURRENT US$
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12.6%CURRENT US$
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$33,815CURRENT US$
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-31.2%CURRENT US$
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About

Ecuador-Japan Trade: In 2022, Ecuador exported $582M to Japan. The main products that Ecuador exported to Japan were Crude Petroleum ($311M), Frozen Vegetables ($82M), and Bananas ($67.1M). Over the past 5 years the exports of Ecuador to Japan have increased at an annualized rate of 8.11%, from $394M in 2017 to $582M in 2022.

In 2022, Ecuador did not export any services to Japan.

Japan-Ecuador Trade: In 2022, Japan exported $595M to Ecuador. The main products that Japan exported to Ecuador were Hot-Rolled Iron ($137M), Refined Petroleum ($90.1M), and Cars ($60.4M). Over the past 5 years the exports of Japan to Ecuador have increased at an annualized rate of 4.99%,  from $467M in 2017 to $595M in 2022.

In 2022, Japan did not export any services to Ecuador.

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $582M to Japan. The main products exported from Ecuador to Japan were Crude Petroleum ($311M), Frozen Vegetables ($82M), and Bananas ($67.1M). During the last 5 years the exports of Ecuador to Japan have increased at an annualized rate of 8.11%, from $394M in 2017 to $582M in 2022.

In 2017, Japan exported $595M to Ecuador. The main products exported from Japan to Ecuador were Hot-Rolled Iron ($137M), Refined Petroleum ($90.1M), and Cars ($60.4M). During the last 5 years the exports of Japan to Ecuador have increased at an annualized rate of 4.99%, from $467M in 2022 to $595M in 2017.

Exports from Ecuador (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Japan
Top Destination
United States$137B

This map shows whether countries import more from Ecuador or Japan. Each country is colored based on the difference in imports they receive from Ecuador and Japan or the difference in the growth in imports.

In 2022, countries that imported more from Ecuador than Japan included Panama ($4.97B), Peru ($1.02B), and Aruba ($44.3M).

In 2022, countries that imported more from Japan than Ecuador included China ($135B), United States ($137B), and South Korea ($50.8B).

Difference in imports from Japan (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Japan

Flow
Scale

This chart compares trade between Ecuador and Japan by product, considering products traded by both, Ecuador and Japan.

During 2022, Ecuador had a large net trade with Japan in the exports of Mineral Products ($313M), Vegetable Products ($163M), and Animal Products ($67.2M).

During 2017, Japan had a large net trade with Ecuador in the exports of Metals ($180M), Transportation ($150M), and Machines ($106M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Japan+$210MCrude Petroleum
Top Product Potential Japan Ecuador+$50.9MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Japan. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Japan (Flag) (2022)

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