2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Ecuador-Sweden Trade: In 2023, Ecuador exported $66.1M to Sweden. The main products that Ecuador exported to Sweden were Bananas ($62.9M), Frozen Vegetables ($1.26M), and Processed Crustaceans ($849k). Over the past 5 years the exports of Ecuador to Sweden have decreased at an annualized rate of 2.57%, from $75.3M in 2018 to $66.1M in 2023.

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

Sweden-Ecuador Trade: In 2023, Sweden exported $129M to Ecuador. The main products that Sweden exported to Ecuador were Coal Tar Oil ($74.5M), Refrigerators ($4.83M), and Packaged Medicaments ($4.73M). Over the past 5 years the exports of Sweden to Ecuador have increased at an annualized rate of 11.2%,  from $61.7M in 2018 to $129M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $66.1M to Sweden. The main products exported from Ecuador to Sweden were Bananas ($62.9M), Frozen Vegetables ($1.26M), and Processed Crustaceans ($849k). During the last 5 years the exports of Ecuador to Sweden have decreased at an annualized rate of 2.57%, from $75.3M in 2018 to $66.1M in 2023.

In 2018, Sweden exported $129M to Ecuador. The main products exported from Sweden to Ecuador were Coal Tar Oil ($74.5M), Refrigerators ($4.83M), and Packaged Medicaments ($4.73M). During the last 5 years the exports of Sweden to Ecuador have increased at an annualized rate of 11.2%, from $61.7M in 2023 to $129M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Sweden
Top Destination
Germany$18.4B

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

In 2023, countries that imported more from Ecuador than Sweden included Panama ($4.38B), Peru ($1.15B), and Chile ($1.11B).

In 2023, countries that imported more from Sweden than Ecuador included Germany ($18.4B), Denmark ($14.4B), and Norway ($10.9B).

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

Comparative Advantage Ecuador - Sweden

Flow
Scale

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

During 2023, Ecuador had a large net trade with Sweden in the exports of Vegetable Products ($64.4M), Foodstuffs ($1.05M), and Animal Products ($355k).

During 2018, Sweden had a large net trade with Ecuador in the exports of Mineral Products ($74.6M), Machines ($19.8M), and Paper Goods ($10.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Sweden+$2.95MCrustaceans
Top Product Potential Sweden Ecuador+$2.76MRefined Petroleum

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

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

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