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Pricing

2022
Flag → Flag
Exports $865MRnk 51 / 218
2022
Flag → Flag
Top Product $206MCoal Tar Oil
2022
Flag → Flag
Exports $1.03BRnk 6 / 170
2022
Flag → Flag
Top Product $400MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Spain-Ecuador Trade: 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). Over the past 5 years the exports of Spain to Ecuador have increased at an annualized rate of 6.32%, from $636M in 2017 to $865M in 2022.

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

Ecuador-Spain Trade: In 2022, Ecuador exported $1.03B to Spain. The main products that Ecuador exported to Spain were Crustaceans ($400M), Processed Fish ($374M), and Crude Petroleum ($71M). Over the past 5 years the exports of Ecuador to Spain have increased at an annualized rate of 8.79%,  from $620M in 2017 to $1.03B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €37.4M and imported €98.1M from Ecuador, resulting in a negative trade balance of €60.7M. Between August 2023 and August 2024 the exports of Spain have decreased by €-6.33M (-14.5%) from €43.7M to €37.4M, while imports increased by €18M (22.4%) from €80.2M to €98.1M.

Trade In August 2024, the top exports of Spain to Ecuador were Non-fillet Frozen Fish (€5.88M), Surveying Equipment (€2.1M), Cars (€1.58M), Mixed Mineral or Chemical Fertilizers (€1.55M), and Industrial Food Preperation Machinery (€1.4M). In August 2024 the top imports of Spain from Ecuador were Processed Fish (€24M), Crustaceans (€19.9M), Cut Flowers (€3.39M), Bananas (€2.49M), and Other Wood Articles (€1.22M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€8.82M), Madrid (€4.3M), Vizcaya (€2.9M), Valencia (€2.79M), and A Coruña (€2.08M), while imports destinations were mainly A Coruña (€28.9M), Pontevedra (€19M), Barcelona (€6.4M), Burgos (€5.93M), and Valencia (€5.67M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Cars (€-2.38M or -60.1%), Unglazed Ceramics (€-1.29M or -67%), and Other Paper Machinery (€-1.16M or -98.9%). In August 2024, the increase in Spain's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Processed Fish (€2.74M or 12.8%), Other Wood Articles (€1.07M or 747%), and Bananas (€1.07M or 75.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-6.33M(-14.5%)
IMPORT GROWTH (August 2023 - August 2024)€18M(22.4%)
MAIN EXPORTER (August 2024)Barcelona€8.82M

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

To check Ecuador and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Spain to Ecuador have increased at an annualized rate of 6.32%, from $636M in 2017 to $865M in 2022.

In 2017, 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 5 years the exports of Ecuador to Spain have increased at an annualized rate of 8.79%, from $620M in 2022 to $1.03B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Spain than Ecuador included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Ecuador than Spain included Panama ($4.97B), Peru ($1.02B), and Curaçao ($64.1M).

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

Comparative Advantage Spain - Ecuador

Flow
Scale

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

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

During 2017, Ecuador had a large net trade with Spain in the exports of Animal Products ($436M), Foodstuffs ($418M), and Mineral Products ($72.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Ecuador+$29.5MRefined Petroleum
Top Product Potential Ecuador Spain+$9.95MBananas

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

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

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