Finland (FIN) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Finland-Ecuador Trade: In 2023, Finland exported $60.1M to Ecuador. The main products that Finland exported to Ecuador were Kraft Paper ($16.4M), Other Uncoated Paper ($8.68M), and Mixed Mineral or Chemical Fertilizers ($4.73M). Over the past 5 years the exports of Finland to Ecuador have increased at an annualized rate of 2.6%, from $52.8M in 2018 to $60.1M in 2023.

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

Ecuador-Finland Trade: In 2023, Ecuador exported $185M to Finland. The main products that Ecuador exported to Finland were Precious Metal Ore ($149M), Bananas ($27.4M), and Lifting Machinery ($3.32M). Over the past 5 years the exports of Ecuador to Finland have increased at an annualized rate of 68.4%, from $13.7M in 2018 to $185M in 2023.

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

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $60.1M to Ecuador. The main products exported from Finland to Ecuador were Kraft Paper ($16.4M), Other Uncoated Paper ($8.68M), and Mixed Mineral or Chemical Fertilizers ($4.73M). During the last 5 years the exports of Finland to Ecuador have increased at an annualized rate of 2.6%, from $52.8M in 2018 to $60.1M in 2023.

In 2018, Ecuador exported $185M to Finland. The main products exported from Ecuador to Finland were Precious Metal Ore ($149M), Bananas ($27.4M), and Lifting Machinery ($3.32M). During the last 5 years the exports of Ecuador to Finland have increased at an annualized rate of 68.4%, from $13.7M in 2023 to $185M in 2018.

Exports from Finland () to Ecuador () (2023)

Exports from Ecuador () to Finland () (2023)

Latest Data

Trade between Finland () and Ecuador ()

Finland Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Finland than Ecuador included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

In 2023, countries that imported more from Ecuador than Finland included Panama ($4.38B), China ($7.96B), and Peru ($1.15B).

Difference in imports from Ecuador () and Finland () (2023)

Comparative Advantage Finland - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Ecuador in the exports of Paper Goods ($32M), Machines ($9.56M), and Chemical Products ($9.24M).

During 2018, Ecuador had a large net trade with Finland in the exports of Mineral Products ($149M), Vegetable Products ($29.6M), and Machines ($3.58M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Ecuador+$1.58MKaolin Coated Paper

Top Product Potential Ecuador Finland+$1.71MBananas

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

Year

This visualization shows the product space at the HS4 level with the flags of Finland and Ecuador. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Ecuador () (2023)

Exports from Ecuador () to Finland () (2023)

Latest Data

Trade between Finland () and Ecuador ()

Finland Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Finland () (2023)

Comparative Advantage Finland - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Ecuador () (2023)

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