2022
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GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
30.9%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$6,391CURRENT US$
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2012-2022
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GDP PC GROWTH
12.6%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Ecuador-Spain In 2022, Ecuador exported $1.03B to Spain. The main products that Ecuador exported to Spain are Crustaceans ($400M), Processed Fish ($374M), and Crude Petroleum ($71M). During the last 27 years the exports of Ecuador to Spain have increased at an annualized rate of 6.6%, from $183M in 1995 to $1.03B in 2022.

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

Spain-Ecuador In 2022, Spain exported $865M to Ecuador. The main products that Spain exported to Ecuador were Coal Tar Oil ($206M), Non-fillet Frozen Fish ($59.2M), and Refined Petroleum ($35.5M). During the last 27 years the exports of Spain to Ecuador have increased at an annualized rate of 7.96%, from $109M in 1995 to $865M in 2022.

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

Comparison In 2022,  Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $1.03B to Spain. The main products exported from Ecuador to Spain were Crustaceans ($400M), Processed Fish ($374M), and Crude Petroleum ($71M). During the last 27 years the exports of Ecuador to Spain have increased at an annualized rate of 6.6%, from $183M in 1995 to $1.03B in 2022.

In 2022, Spain exported $865M to Ecuador. The main products exported from Spain to Ecuador were Coal Tar Oil ($206M), Non-fillet Frozen Fish ($59.2M), and Refined Petroleum ($35.5M). During the last 27 years the exports of Spain to Ecuador have increased at an annualized rate of 7.96%, from $109M in 1995 to $865M in 2022.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Spain
Top Destination
France$65.2B

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

In 2021, countries that imported more from Ecuador than Spain were Panama ($4.97B), Peru ($1.02B), and Curaçao ($64.1M).

In 2021, countries that imported more from Spain than Ecuador were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Ecuador - Spain

Flow
Scale

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

During 2022, Ecuador had a large net trade with Spain in the exports of Animal Products ($436M), Foodstuffs ($418M), and Mineral Products ($72.2M).

During 2022, Spain had a large net trade with Ecuador in the exports of Mineral Products ($245M), Chemical Products ($144M), and Machines ($116M).

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

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

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