# Ecuador to Canada HS 870324 new corridor signal

This page reviews a reported new-corridor signal for vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 57/100
- Reported period: 2024
- Buyer market imports: $6.6B
- Buyer market growth: -20.4%
- Current exporter share: 0.0%
- Share gap: 73.2%

## What the signal means

The signal points to a newly observed exporter-to-buyer relationship in the available reporting. It is a prompt for market research, not a forecast, order, or guarantee of commercial access. Compare demand, suppliers, access, and route history together before acting.

## Market opportunity

- Latest buyer imports: $6.6B
- Three-year buyer-import projection: $6.9B
- Supplier countries observed: 56
- Average buyer imports: $7.5B
- Historical buyer-import peak: $10.6B
- Full-history buyer-import CAGR: +1.5%
- Latest buyer-import annual change: -20.4%

## Competition landscape

- Top supplier: USA, Puerto Rico and US Virgin Islands
- Top supplier share: 73.2%
- Market concentration: 5,506
- Exporter share: 0.0%
- Share gap to peer benchmark: 73.2%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 4,885 km
- Trade agreement: Not reported
- Business entry time: 1.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $52.1K
- GDP per-person growth: +3.2%
- Population: 38,246k
- GDP: $2.0T
- GDP five-year CAGR: Not reported
- Investment rate: 22.9%
- Savings rate: 21.8%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $748.0 | +0.0% |

## Broader route context

Broader Ecuador to Canada route exports provide route context only; they are not presented as HS 870324 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $75.5M | +0.0% |
| 1996 | $75.2M | -0.4% |
| 1997 | $84.2M | +12.1% |
| 1998 | $98.3M | +16.7% |
| 1999 | $71.6M | -27.2% |
| 2000 | $55.1M | -23.0% |
| 2001 | $52.4M | -5.0% |
| 2002 | $48.4M | -7.5% |
| 2003 | $48.1M | -0.7% |
| 2004 | $51.3M | +6.6% |
| 2005 | $66.3M | +29.3% |
| 2006 | $58.8M | -11.4% |
| 2007 | $122.9M | +109.1% |
| 2008 | $68.3M | -44.4% |
| 2009 | $82.0M | +20.2% |
| 2010 | $91.9M | +12.0% |
| 2011 | $116.6M | +26.9% |
| 2012 | $167.2M | +43.3% |
| 2013 | $197.2M | +18.0% |
| 2014 | $196.7M | -0.3% |
| 2015 | $211.0M | +7.3% |
| 2016 | $177.6M | -15.8% |
| 2017 | $165.0M | -7.1% |
| 2018 | $161.6M | -2.1% |
| 2019 | $158.8M | -1.8% |
| 2020 | $179.6M | +13.1% |
| 2021 | $289.0M | +60.9% |
| 2022 | $475.0M | +64.4% |
| 2023 | $479.0M | +0.8% |
| 2024 | $774.2M | +61.6% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Ecuador to CHN | HS 271112 | New corridor | $12.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-chn-271112) |
| Ecuador to Switzerland | HS 300215 | New corridor | $8.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-che-300215) |
| Ecuador to Philippines | HS 271019 | New corridor | $7.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-phl-271019) |
| Ecuador to Thailand | HS 851712 | New corridor | $6.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-tha-851712) |
| Ecuador to USA, Puerto Rico and US Virgin Islands | HS 440712 | New corridor | $5.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-usa-440712) |
| Ecuador to Saudi Arabia | HS 851712 | New corridor | $4.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-sau-851712) |
| Ecuador to SGP | HS 847149 | New corridor | $2.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-sgp-847149) |
| Ecuador to Romania | HS 851712 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ecu-rou-851712) |

## Frequently asked questions

### What does a new corridor signal mean?

It identifies an exporter, buyer market, and HS6 combination included in the available new-corridor signal set for 2024. It is a research prompt, not a guarantee of demand or sales.

### Is the market opportunity reported trade?

Reported buyer imports and exporter share are observations. Any projection or share-gap measure is calculated from the available data and should not be treated as an order or forecast.

### What should exporters check next?

Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route.

## Method

The signal is a calculated research indicator based on available reported trade observations. It is not a confirmed order, sales forecast, or guarantee of market entry. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.