Flag Germany / Ecuador Flag

Exports Flag β†’ Flag  (2018): $610M, Rnk 81 / 216

Top Product Flag β†’ Flag (2018): $44.7M, Packaged Medicaments

Exports Flag β†’ Flag (2018): $521M, Rnk 11 / 166

Top Product Flag β†’ Flag (2018): $237M, Bananas

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

Economic Complexity of Flag (2018): ECI -0.7, Rnk 102 / 137

GDP Flag (2018): $3.95T, CURRENT US$
Rnk 4 / 196

GDP GROWTH Flag (2008-2018): 5.83%, CURRENT US$
Rnk 153 / 196

GDP Flag (2018): $108B, CURRENT US$
Rnk 59 / 196

GDP GROWTH Flag (2008-2018): 75.5%, CURRENT US$
Rnk 49 / 196

GDP PC Flag (2018): $47,603, CURRENT US$
Rnk 18 / 196

GDP PC GROWTH Flag (2008-2018): 4.79%, CURRENT US$
Rnk 131 / 196

GDP PC Flag (2018): $6,345, CURRENT US$
Rnk 98 / 196

GDP PC GROWTH Flag (2008-2018): 49.3%, CURRENT US$
Rnk 47 / 196

Germany-Ecuador: In 2018, Germany exported $610M to Ecuador. The main products exported from Germany to Ecuador were Packaged Medicaments ($44.7M), Medical Instruments ($26.9M), and Machinery Having Individual Functions ($20.9M). During the last 23 years the exports of Germany to Ecuador have increased at an annualized rate of 4.58%, from $218M in 1995 to $610M in 2018.

Ecuador-Germany: In 2018, Ecuador exported $521M to Germany. The main products exported from Ecuador to Germany were Bananas ($237M), Processed Fish ($94.7M), and Coffee and Tea Extracts ($34.9M). During the last 23 years the exports of Ecuador to Germany have increased at an annualized rate of 3.26%, from $249M in 1995 to $521M in 2018.

Comparison: In 2018, Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.7), and 70 in total exports ($22.1B). In terms of GDP Per Capita, Germany was ranked 18 with a GDP Per Capita of $47,603, and Ecuador was ranked 98 with a GDP Per Capita of $6,345.

Bilateral Trade by Products

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Depth
Value

In 2018, Germany exported $610M to Ecuador. The main products exported from Germany to Ecuador were Packaged Medicaments ($44.7M), Medical Instruments ($26.9M), and Machinery Having Individual Functions ($20.9M). During the last 23 years the exports of Germany to Ecuador have increased at an annualized rate of 4.58%, from $218M in 1995 to $610M in 2018.

In 2018, Ecuador exported $521M to Germany. The main products exported from Ecuador to Germany were Bananas ($237M), Processed Fish ($94.7M), and Coffee and Tea Extracts ($34.9M). During the last 23 years the exports of Ecuador to Germany have increased at an annualized rate of 3.26%, from $249M in 1995 to $521M in 2018.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $132B

Ecuador
Top Destination
: United States, $6.69B

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 2018, countries that imported more from Germany than Ecuador were United States ($132B), France ($121B), and China ($109B).

In 2018, countries that imported more from Ecuador than Germany were Panama ($1.24B), Peru ($1.66B), and Kiribati ($1.18M).

Comparative Advantage Germany - Ecuador

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Depth

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

During 2018, Germany had a large net trade with Ecuador in the exports of Machines ($203M), Chemical Products ($145M), and Transportation ($67.5M).

During 2018, Ecuador had a large net trade with Germany in the exports of Vegetable Products ($266M), Foodstuffs ($201M), and Animal Products ($23.8M).

Tariff Section

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This sections shows import tariffs for products traded between Germany and Ecuador (using the HS6 product classification and the last year reported).

In 2017, the products from Germany that paid the highest import tariffs to enter Ecuador were Sugar beet (155%) and Mushrooms, prepared or preserved, not in vinegar (117%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter Germany were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (85.5%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen (85.5%).

Explore Tariff Data

*The tariffs present between Germany and Ecuador are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
205: Preferential tariff for Ecuador

Trade Forecasts

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This section shows a forecast for total trade between Germany and Ecuador. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Ecuador. Similarly, the more red a dot/product is, the more Ecuador has comparative advantage over Germany.