Trade route overview

South Korea exports to Ecuador
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

KOR-ECU2024 reported exports189 product typesHigh attention review level
Latest reported exports$571.5M2024 route total
Highest-priority products1Need the closest review
Products needing review41High-attention product types
Exports needing review88.1%Share of route exports
Overall review levelHigh attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, South Korea reported $571.5M in goods exports to Ecuador. 41 product types are marked for closer review, covering 88.1% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from South Korea to Ecuador in the latest available year.

$571.5M in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

88.1% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

189 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from South Korea to Ecuador. Bar lengths are relative to the highest year shown.

Latest annual total$624.4M2024 annual history
Highest year$963.4M2013 annual history
Latest below highest35.2%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$452.2M
Still below the previous high
$109.6M
Buyer demand is falling
$0.0
Product mix is concentrated
$441.9M
Tariffs and access rules
$571.5M
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility1.4Higher means bigger yearly swings
Below highest year30%Compared with the route's best year
Product concentration (HHI)2,403.30-10,000 scale; higher means fewer products dominate
Largest product share47.3%Share from the biggest product

Largest product

Product not reported

Product code HS6 271019 makes up 47.3% of exports from South Korea to Ecuador. The main reason to review it is: Trade has varied substantially across reported years

See product rows
Exports of this product$270.4M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for South Korea exports to Ecuador
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Product 271019HS6 271019 - six-digit product code$3.4B24.7%1.5High attention
2Engines: parts for internal combustion piston engines (excluding spark-ignition)HS6 840999 - six-digit product code$130.7M0%1.8High attention
3Electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502HS6 850300 - six-digit product code$49.8M0%2.1High attention
4Vehicle parts and accessories: n.e.c. in heading no. 8708HS6 870899 - six-digit product code$84.4M77.8%1High attention
5Mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structureHS6 842952 - six-digit product code$93.7M43.2%0.8High attention
6Iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mmHS6 720839 - six-digit product code$130.2M52.3%1.1Critical attention
7Propylene, other olefin polymers: polypropylene in primary formsHS6 390210 - six-digit product code$109.1M32.9%0.9Watch
8Vaccines: for human medicineHS6 300220 - six-digit product code$38.7M50.3%0.9High attention
9Ethylene polymers: sacks and bags (including cones), for the conveyance or packing of goodsHS6 392321 - six-digit product code$26.1M7.4%1.2High attention
10Vehicle parts: clutches and parts thereofHS6 870893 - six-digit product code$29.0M11.3%1High attention

Buyer-market imports are total imports of that product into the buyer market, not only exports from South Korea. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets15,129 kmApproximate route distance
Trade agreement (FTA)NoReported agreement coverage
Average import tariff11.8%Average tax applied to imports
Buyer economy size$106.2B2024 gross domestic product
Buyer GDP per person$5.9KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time49 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.

How much did South Korea export to Ecuador?

South Korea reported $571.5M in goods exports to Ecuador in 2024.

What does "exports needing review" mean?

88.1% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.