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2023
Flag → Flag
Exports $631MRnk 84 / 220
2023
Flag → Flag
Top Product $65.3MPackaged Medicaments
2023
Flag → Flag
Exports $429MRnk 16 / 174
2023
Flag → Flag
Top Product $132MBananas
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
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GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
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GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Germany-Ecuador Trade: In 2023, Germany exported $631M to Ecuador. The main products that Germany exported to Ecuador were Packaged Medicaments ($65.3M), Vaccines, blood, antisera, toxins and cultures ($43.9M), and Cars ($36.2M). Over the past 5 years the exports of Germany to Ecuador have increased at an annualized rate of 1.61%, from $582M in 2018 to $631M in 2023.

In 2023, Germany did not export any services to Ecuador.

Ecuador-Germany Trade: In 2023, Ecuador exported $429M to Germany. The main products that Ecuador exported to Germany were Bananas ($132M), Processed Fish ($59.1M), and Precious Metal Ore ($57.4M). Over the past 5 years the exports of Ecuador to Germany have decreased at an annualized rate of 4.79%,  from $576M in 2018 to $429M in 2023.

In 2023, Ecuador did not export any services to Germany.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €39.2M and imported €49M from Ecuador, resulting in a negative trade balance of €9.84M. Between November 2023 and November 2024 the exports of Germany have increased by €2.29M (6.2%) from €36.9M to €39.2M, while imports increased by €6.07M (14.1%) from €42.9M to €49M.

Trade In November 2024, the top exports of Germany to Ecuador were Pharmaceutical products (€5.94M), Motor cars and motor caravans (€4.17M), Medical, surgical equipment, orthopaedic apparatus (€3.38M), Other prefabricated chemicals (€2.57M), and Other chemical final products (€2.32M). In November 2024 the top imports of Germany from Ecuador were Tropical and subtropical fruits (€20.7M), Coffee (€11.2M), Fish and crustaceans, molluscs (€5.44M), Other ores and ashes of metals (€4.62M), and Cocoa and cocoa products (€2.28M).

Origins In November 2024 the exports of Germany were mainly from North Rhine-Westphalia (€7.27M), Baden-Württemberg (€6.25M), Bavaria (€5.15M), Lower Saxony (€2.69M), and Rhineland-Pfalz (€2.1M), while imports destinations were mainly Hamburg (€19.1M), North Rhine-Westphalia (€5.47M), Bremen (€3.25M), and Bavaria (€2.8M).

Growth In November 2024, the increase in Germany's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Motor cars and motor caravans (€2.96M or 245%), Other prefabricated chemicals (€1.74M or 210%), and Medical, surgical equipment, orthopaedic apparatus (€1.6M or 90.1%). In November 2024, the increase in Germany's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Coffee (€10.5M or 1.6k%), Other ores and ashes of metals (€4.31M or 1.39k%), and Vegetable preparations and tinned vegetables (€625k or 67.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€2.29M(6.2%)
IMPORT GROWTH (November 2023 - November 2024)€6.07M(14.1%)
MAIN EXPORTER (November 2024)North Rhine-Westphalia€7.27M

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

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

For full datasets download visit Bulk Download page.

Explore Ecuador and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $631M to Ecuador. The main products exported from Germany to Ecuador were Packaged Medicaments ($65.3M), Vaccines, blood, antisera, toxins and cultures ($43.9M), and Cars ($36.2M). During the last 5 years the exports of Germany to Ecuador have increased at an annualized rate of 1.61%, from $582M in 2018 to $631M in 2023.

In 2018, Ecuador exported $429M to Germany. The main products exported from Ecuador to Germany were Bananas ($132M), Processed Fish ($59.1M), and Precious Metal Ore ($57.4M). During the last 5 years the exports of Ecuador to Germany have decreased at an annualized rate of 4.79%, from $576M in 2023 to $429M in 2018.

Exports from Germany (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Germany than Ecuador included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Ecuador than Germany included Panama ($4.38B), Nicaragua ($204M), and Peru ($1.15B).

Difference in imports from Ecuador (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Ecuador

Flow
Scale

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

During 2023, Germany had a large net trade with Ecuador in the exports of Chemical Products ($197M), Machines ($190M), and Instruments ($58.1M).

During 2018, Ecuador had a large net trade with Germany in the exports of Foodstuffs ($173M), Vegetable Products ($167M), and Mineral Products ($57.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Ecuador+$39.6MCars
Top Product Potential Ecuador Germany+$16.1MProcessed Fish

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Ecuador. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Ecuador (Flag) (2023)

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