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2023
Flag → Flag
Exports $92.2MRnk 36 / 174
2023
Flag → Flag
Top Product $22.2MCrustaceans
2023
Flag → Flag
Exports $39.2MRnk 80 / 211
2023
Flag → Flag
Top Product $3.38MElectric Generating Sets
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Ecuador-Portugal Trade: In 2023, Ecuador exported $92.2M to Portugal. The main products that Ecuador exported to Portugal were Crustaceans ($22.2M), Fish Fillets ($21.4M), and Processed Fish ($16.1M). Over the past 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 19.1%, from $38.4M in 2018 to $92.2M in 2023.

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

Portugal-Ecuador Trade: In 2023, Portugal exported $39.2M to Ecuador. The main products that Portugal exported to Ecuador were Electric Generating Sets ($3.38M), Light Fixtures ($3M), and Packaged Medicaments ($2.55M). Over the past 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 3.77%,  from $32.6M in 2018 to $39.2M in 2023.

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

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $8.73M and imported $2.43M from Portugal, resulting in a positive trade balance of $6.3M. Between December 2020 and December 2021 the exports of Ecuador have increased by $4.78M (121%) from $3.95M to $8.73M, while imports increased by $1M (70.5%) from $1.42M to $2.43M.

Trade In December 2021, the top exports of Ecuador to Portugal were Fish Fillets ($1.66M), Crustaceans ($1.27M), Processed Fish ($1.04M), Bananas ($399k), and Cut Flowers ($365k). In December 2021 the top imports of Ecuador from Portugal were Packaged Medicaments ($214k), Nitrogenous Fertilizers ($123k), Stranded Iron Wire ($118k), Raw Plastic Sheeting ($81.6k), and Tissue ($72.2k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($4.95M), Manta ($3.6M), Puerto Bolívar ($110k), and Quito ($81.2k), while imports destinations were mainly Guayaquil-Marítimo ($1.91M), Quito ($512k), Tulcán ($8.32k), Cuenca ($1.81k), and Guayaquil-Aéreo ($1.41k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Portugal was explained primarily by an increase in product exports in Fish Fillets ($951k or 135%) and Crustaceans ($289k or 29.4%). In December 2021, the increase in Ecuador's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Packaged Medicaments ($198k or 1.28k%), Wine ($51.9k or 1.34k%), and Machinery Having Individual Functions ($34k or 4.32k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$4.78M(121%)
IMPORT GROWTH (December 2020 - December 2021)$1M(70.5%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$4.95M

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

To check Portugal and Ecuador 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 2023, Ecuador exported $92.2M to Portugal. The main products exported from Ecuador to Portugal were Crustaceans ($22.2M), Fish Fillets ($21.4M), and Processed Fish ($16.1M). During the last 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 19.1%, from $38.4M in 2018 to $92.2M in 2023.

In 2018, Portugal exported $39.2M to Ecuador. The main products exported from Portugal to Ecuador were Electric Generating Sets ($3.38M), Light Fixtures ($3M), and Packaged Medicaments ($2.55M). During the last 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 3.77%, from $32.6M in 2023 to $39.2M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Ecuador than Portugal included China ($7.96B), Panama ($4.38B), and United States ($8.34B).

In 2023, countries that imported more from Portugal than Ecuador included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Ecuador - Portugal

Flow
Scale

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

During 2023, Ecuador had a large net trade with Portugal in the exports of Animal Products ($54.1M), Foodstuffs ($17.7M), and Vegetable Products ($14.8M).

During 2018, Portugal had a large net trade with Ecuador in the exports of Machines ($12.9M), Chemical Products ($7.08M), and Textiles ($3.58M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Portugal+$10.2MCrustaceans
Top Product Potential Portugal Ecuador+$964kUncoated Paper

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 Ecuador and Portugal. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Ecuador.

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

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