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Pricing

2022
Flag → Flag
Exports $154MRnk 96 / 222
2022
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Top Product $24.6MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $273MRnk 20 / 170
2022
Flag → Flag
Top Product $115MBananas
2022
Flag
Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI -0.96Rnk 102 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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 $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 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

Belgium-Ecuador In 2022, Belgium exported $154M to Ecuador. The main products that Belgium exported to Ecuador are Vaccines, blood, antisera, toxins and cultures ($24.6M), Organo-Sulfur Compounds ($14.5M), and Packaged Medicaments ($10.2M). During the last 23 years the exports of Belgium to Ecuador have increased at an annualized rate of 6.34%, from $37.3M in 1999 to $154M in 2022.

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

Ecuador-Belgium In 2022, Ecuador exported $273M to Belgium. The main products that Ecuador exported to Belgium were Bananas ($115M), Crustaceans ($68.5M), and Cocoa Beans ($50.4M). During the last 23 years the exports of Ecuador to Belgium have increased at an annualized rate of 5.16%, from $85.8M in 1999 to $273M in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). 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, Belgium exported €8.24M and imported €5.38M from Ecuador, resulting in a positive trade balance of €2.86M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-3.16M (-27.7%) from €11.4M to €8.24M, while imports increased by €851k (18.8%) from €4.53M to €5.38M.

Trade In December 2023, the top exports of Belgium to Ecuador were Pharmaceutical products (€3.51M), Animal originated products, n.e.s. (€1.13M), Machinery, mechanical appliances, & parts (€670k), Cars, tractors, trucks & parts thereof. (€662k), and Optical, photo, & film equipment; medical... (€658k). In December 2023 the top imports of Belgium from Ecuador were Edible fruits, nuts & fruit peels (€4.34M), Fish, crustaceans, & molluscs (€1.11M), Cocoa & cocoa preparations (€1.01M), Edible vegetables, roots, & tubers (€512k), and Preparations of fish, crustacenas, & molluscs (€389k).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Unclassified (€-758k or -58.8%), Plastics & articles thereof (€-614k or -90.9%), and Inorganic chemicals (€-459k or -88.3%). In December 2023, the increase in Belgium's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels (€2.42M or 126%), Fish, crustaceans, & molluscs (€693k or 165%), and Edible vegetables, roots, & tubers (€277k or 118%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-3.16M(-27.7%)
IMPORT GROWTH (December 2022 - December 2023)€851k(18.8%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $154M to Ecuador. The main products exported from Belgium to Ecuador were Vaccines, blood, antisera, toxins and cultures ($24.6M), Organo-Sulfur Compounds ($14.5M), and Packaged Medicaments ($10.2M). During the last 23 years the exports of Belgium to Ecuador have increased at an annualized rate of 6.34%, from $37.3M in 1999 to $154M in 2022.

In 2022, Ecuador exported $273M to Belgium. The main products exported from Ecuador to Belgium were Bananas ($115M), Crustaceans ($68.5M), and Cocoa Beans ($50.4M). During the last 23 years the exports of Ecuador to Belgium have increased at an annualized rate of 5.16%, from $85.8M in 1999 to $273M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Ecuador
Top DestinationUnited States$9.86B

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

In 2021, countries that imported more from Belgium than Ecuador were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Ecuador than Belgium were Panama ($4.97B), Chile ($1.34B), and Peru ($1.02B).

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

Comparative Advantage Belgium - Ecuador

Flow
Scale

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

During 2022, Belgium had a large net trade with Ecuador in the exports of Chemical Products ($80.4M), Foodstuffs ($20.1M), and Machines ($9.36M).

During 2022, Ecuador had a large net trade with Belgium in the exports of Vegetable Products ($124M), Foodstuffs ($77M), and Animal Products ($69.3M).

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 Belgium has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Belgium.

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

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