A two-port non-reciprocal circuit element includes a ferrite, a first central electrode disposed on the ferrite and including an end connected to an input port and another end connected to an output port, a second central electrode disposed on the ferrite so as to intersect the first central electrode while being electrically insulated from the first central electrode, the second central electrode including an end connected to the input port and another end connected to a ground port, a capacitor connected between the input port and the output port, a resistor connected between the input port and the output port, a capacitor connected between the output port and the ground port, an input terminal, and an output terminal. A capacitor is connected at least between the input port and the input terminal or between the output port and the output terminal, and a capacitor and an inductor are connected in series between the input terminal and the output terminal.