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Pricing

2022
Flag → Flag
Exports $899MRnk 66 / 221
2022
Flag → Flag
Top Product $322MCoal Tar Oil
2022
Flag → Flag
Exports $607MRnk 11 / 170
2022
Flag → Flag
Top Product $232MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Italy-Ecuador Trade: In 2022, Italy exported $899M to Ecuador. The main products that Italy exported to Ecuador were Coal Tar Oil ($322M), Refined Petroleum ($208M), and Refrigerators ($15.7M). Over the past 5 years the exports of Italy to Ecuador have increased at an annualized rate of 27%, from $272M in 2017 to $899M in 2022.

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

Ecuador-Italy Trade: In 2022, Ecuador exported $607M to Italy. The main products that Ecuador exported to Italy were Crustaceans ($232M), Bananas ($124M), and Processed Fish ($115M). Over the past 5 years the exports of Ecuador to Italy have increased at an annualized rate of 0.31%,  from $583M in 2017 to $607M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €31.9M and imported €65M from Ecuador, resulting in a negative trade balance of €33M. Between March 2023 and March 2024 the exports of Italy have increased by €25.5M (393%) from €6.48M to €31.9M, while imports increased by €9.87M (17.9%) from €55.1M to €65M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€25.5M(393%)
IMPORT GROWTH (March 2023 - March 2024)€9.87M(17.9%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Ecuador and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $899M to Ecuador. The main products exported from Italy to Ecuador were Coal Tar Oil ($322M), Refined Petroleum ($208M), and Refrigerators ($15.7M). During the last 5 years the exports of Italy to Ecuador have increased at an annualized rate of 27%, from $272M in 2017 to $899M in 2022.

In 2017, Ecuador exported $607M to Italy. The main products exported from Ecuador to Italy were Crustaceans ($232M), Bananas ($124M), and Processed Fish ($115M). During the last 5 years the exports of Ecuador to Italy have increased at an annualized rate of 0.31%, from $583M in 2022 to $607M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Italy than Ecuador included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Ecuador than Italy included Panama ($4.97B), Peru ($1.02B), and Curaçao ($64.1M).

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

Comparative Advantage Italy - Ecuador

Flow
Scale

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

During 2022, Italy had a large net trade with Ecuador in the exports of Mineral Products ($530M), Machines ($134M), and Chemical Products ($56.3M).

During 2017, Ecuador had a large net trade with Italy in the exports of Animal Products ($237M), Vegetable Products ($167M), and Foodstuffs ($161M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ecuador+$27.3MRefined Petroleum
Top Product Potential Ecuador Italy+$26.6MGold

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 Italy and Ecuador. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Italy.

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

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