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Pricing

2022
Flag → Flag
Exports $899MRnk 66 / 221
2022
Flag → Flag
Top Product $322MCoal Tar Oil
2022
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Exports $607MRnk 11 / 170
2022
Flag → Flag
Top Product $232MCrustaceans
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI -0.96Rnk 102 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Italy-Ecuador In 2022, Italy exported $899M to Ecuador. The main products that Italy exported to Ecuador are Coal Tar Oil ($322M), Refined Petroleum ($208M), and Refrigerators ($15.7M). During the last 27 years the exports of Italy to Ecuador have increased at an annualized rate of 7.44%, from $129M in 1995 to $899M in 2022.

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

Ecuador-Italy In 2022, Ecuador exported $607M to Italy. The main products that Ecuador exported to Italy were Crustaceans ($232M), Bananas ($124M), and Processed Fish ($115M). During the last 27 years the exports of Ecuador to Italy have increased at an annualized rate of 4.7%, from $176M in 1995 to $607M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €4.89M and imported €65.1M from Ecuador, resulting in a negative trade balance of €60.3M. Between December 2022 and December 2023 the exports of Italy have decreased by €-5.69M (-53.8%) from €10.6M to €4.89M, while imports increased by €28.9M (79.9%) from €36.2M to €65.1M.

Trade In December 2023, the top exports of Italy to Ecuador were Forging Machines (€4M), Refrigerators (€1.14M), Metal-Rolling Mills (€163k), Stone Working Machines (€143k), and Liquid Fuel Furnaces (€87k). In December 2023 the top imports of Italy from Ecuador were Bananas (€16.3M), Crustaceans (€14.5M), Processed Fish (€6.87M), Other Nuts (€3.29M), and Cocoa Beans (€2.91M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in . In December 2023, the increase in Italy's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Processed Crustaceans (€11.6k or 3.11%) and Raw Sugar (€1.83k or 7.36%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-5.69M(-53.8%)
IMPORT GROWTH (December 2022 - December 2023)€28.9M(79.9%)

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.

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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 27 years the exports of Italy to Ecuador have increased at an annualized rate of 7.44%, from $129M in 1995 to $899M in 2022.

In 2022, 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 27 years the exports of Ecuador to Italy have increased at an annualized rate of 4.7%, from $176M in 1995 to $607M in 2022.

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 2021, countries that imported more from Italy than Ecuador were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Ecuador than Italy were 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 2022, Ecuador had a large net trade with Italy in the exports of Animal Products ($237M), Vegetable Products ($167M), and Foodstuffs ($161M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Italy.

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

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