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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
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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Economic Complexity (ECI) ECI -0.96Rnk 102 / 124
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Spain-Ecuador In 2022, Spain exported $865M to Ecuador. The main products that Spain exported to Ecuador are Coal Tar Oil ($206M), Non-fillet Frozen Fish ($59.2M), and Refined Petroleum ($35.5M). During the last 27 years the exports of Spain to Ecuador have increased at an annualized rate of 7.96%, from $109M in 1995 to $865M in 2022.

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

Ecuador-Spain 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). During the last 27 years the exports of Ecuador to Spain have increased at an annualized rate of 6.6%, from $183M in 1995 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 0.8), and 20 in total exports ($394B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €37.1M and imported €68.4M from Ecuador, resulting in a negative trade balance of €31.3M. Between January 2023 and January 2024 the exports of Spain have decreased by €-2.08M (-5.32%) from €39.2M to €37.1M, while imports increased by €9.75M (16.6%) from €58.7M to €68.4M.

Trade In January 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 January 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 January 2024 the exports of Spain were mainly from Barcelona (€8.17M), Vizcaya (€6.6M), Madrid (€4.21M), Valencia (€2.48M), and Sevilla (€2.35M), while imports destinations were mainly Pontevedra (€16.2M), A Coruña (€13.2M), Barcelona (€8.42M), Valencia (€5.24M), and Alicante (€3.88M).

Growth In January 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 January 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-2.08M(-5.32%)
IMPORT GROWTH (January 2023 - January 2024)€9.75M(16.6%)
MAIN EXPORTER (January 2024)Barcelona€8.17M

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.

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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 27 years the exports of Spain to Ecuador have increased at an annualized rate of 7.96%, from $109M in 1995 to $865M in 2022.

In 2022, 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 27 years the exports of Ecuador to Spain have increased at an annualized rate of 6.6%, from $183M in 1995 to $1.03B in 2022.

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 2021, countries that imported more from Spain than Ecuador were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Ecuador than Spain were 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 2022, Ecuador had a large net trade with Spain in the exports of Animal Products ($436M), Foodstuffs ($418M), and Mineral Products ($72.2M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Spain.

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

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