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2023
Flag → Flag
Exports $718MRnk 59 / 220
2023
Flag → Flag
Top Product $181MCoal Tar Oil
2023
Flag → Flag
Exports $945MRnk 8 / 174
2023
Flag → Flag
Top Product $364MCrustaceans
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
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GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Spain-Ecuador Trade: In 2023, Spain exported $718M to Ecuador. The main products that Spain exported to Ecuador were Coal Tar Oil ($181M), Cars ($33.3M), and Refrigerators ($28.7M). Over the past 5 years the exports of Spain to Ecuador have increased at an annualized rate of 6.11%, from $534M in 2018 to $718M in 2023.

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

Ecuador-Spain Trade: In 2023, Ecuador exported $945M to Spain. The main products that Ecuador exported to Spain were Crustaceans ($364M), Processed Fish ($300M), and Crude Petroleum ($76.9M). Over the past 5 years the exports of Ecuador to Spain have increased at an annualized rate of 8.21%,  from $637M in 2018 to $945M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €37.8M and imported €84.1M from Ecuador, resulting in a negative trade balance of €46.3M. Between November 2023 and November 2024 the exports of Spain have increased by €12.3k (0.033%) from €37.8M to €37.8M, while imports increased by €4.01M (5.01%) from €80.1M to €84.1M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€8.79M), Vizcaya (€4.56M), Madrid (€3.22M), Valencia (€2.55M), and Sevilla (€2.14M), while imports destinations were mainly Pontevedra (€21.8M), A Coruña (€17.6M), Valencia (€6.9M), Barcelona (€5.37M), and Madrid (€5.19M).

Growth In November 2024, the increase in Spain's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Surveying Equipment (€2.09M or 75.9k%), Commodities not elsewhere specified (€1.01M or 455%), and Industrial Food Preperation Machinery (€829k or 146%). In November 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 (November 2023 - November 2024)€12.3k(0.033%)
IMPORT GROWTH (November 2023 - November 2024)€4.01M(5.01%)
MAIN EXPORTER (November 2024)Barcelona€8.79M

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 2023, Spain exported $718M to Ecuador. The main products exported from Spain to Ecuador were Coal Tar Oil ($181M), Cars ($33.3M), and Refrigerators ($28.7M). During the last 5 years the exports of Spain to Ecuador have increased at an annualized rate of 6.11%, from $534M in 2018 to $718M in 2023.

In 2018, Ecuador exported $945M to Spain. The main products exported from Ecuador to Spain were Crustaceans ($364M), Processed Fish ($300M), and Crude Petroleum ($76.9M). During the last 5 years the exports of Ecuador to Spain have increased at an annualized rate of 8.21%, from $637M in 2023 to $945M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Ecuador
Top DestinationUnited States$8.34B

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 2023, countries that imported more from Spain than Ecuador included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Ecuador than Spain included Panama ($4.38B), Peru ($1.15B), and Nicaragua ($204M).

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

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 2023, Spain had a large net trade with Ecuador in the exports of Mineral Products ($190M), Machines ($122M), and Chemical Products ($120M).

During 2018, Ecuador had a large net trade with Spain in the exports of Animal Products ($394M), Foodstuffs ($345M), and Vegetable Products ($98.9M).

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) (2023)

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