2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH
56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH
19.8%CURRENT US$
Rnk 90 / 186

About

Ecuador-Senegal Trade: In 2022, Ecuador exported $2.82M to Senegal. The main products that Ecuador exported to Senegal were Seed Oils ($2.79M), Non-fillet Frozen Fish ($8.03k), and Molluscs ($7.4k). Over the past 5 years the exports of Ecuador to Senegal have increased at an annualized rate of 37.1%, from $582k in 2017 to $2.82M in 2022.

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

Senegal-Ecuador Trade: In 2022, Senegal exported $523k to Ecuador. The main products that Senegal exported to Ecuador were Non-fillet Frozen Fish ($495k), Industrial Printers ($13.6k), and Broadcasting Equipment ($8.75k). Over the past 5 years the exports of Senegal to Ecuador have decreased at an annualized rate of 25%,  from $2.2M in 2017 to $523k in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $2.82M to Senegal. The main products exported from Ecuador to Senegal were Seed Oils ($2.79M), Non-fillet Frozen Fish ($8.03k), and Molluscs ($7.4k). During the last 5 years the exports of Ecuador to Senegal have increased at an annualized rate of 37.1%, from $582k in 2017 to $2.82M in 2022.

In 2017, Senegal exported $523k to Ecuador. The main products exported from Senegal to Ecuador were Non-fillet Frozen Fish ($495k), Industrial Printers ($13.6k), and Broadcasting Equipment ($8.75k). During the last 5 years the exports of Senegal to Ecuador have decreased at an annualized rate of 25%, from $2.2M in 2022 to $523k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Senegal
Top Destination
Mali$1.13B

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

In 2022, countries that imported more from Ecuador than Senegal included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Senegal than Ecuador included Mali ($1.13B), India ($1B), and Switzerland ($662M).

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

Comparative Advantage Ecuador - Senegal

Flow
Scale

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

During 2022, Ecuador had a large net trade with Senegal in the exports of Animal and Vegetable Bi-Products ($2.79M), Animal Products ($15.4k), and Machines ($6.29k).

During 2017, Senegal had a large net trade with Ecuador in the exports of Animal Products ($495k), Machines ($23.9k), and Metals ($4.06k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Senegal+$28.5kNon-fillet Frozen Fish
Top Product Potential Senegal Ecuador+$538kNon-fillet Frozen 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 Ecuador and Senegal. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Senegal. Similarly, a dot/product with the flag of Senegal indicates it has a comparative advantage over Ecuador.

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

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