2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Portugal-Ecuador Trade: In 2022, Portugal exported $27.2M to Ecuador. The main products that Portugal exported to Ecuador were Stranded Iron Wire ($2.9M), Packaged Medicaments ($1.74M), and Electric Generating Sets ($1.65M). Over the past 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 4.28%, from $22.1M in 2017 to $27.2M in 2022.

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

Ecuador-Portugal Trade: In 2022, Ecuador exported $112M to Portugal. The main products that Ecuador exported to Portugal were Fish Fillets ($34.1M), Crustaceans ($27M), and Processed Fish ($21.8M). Over the past 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 18.8%,  from $47.1M in 2017 to $112M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $27.2M to Ecuador. The main products exported from Portugal to Ecuador were Stranded Iron Wire ($2.9M), Packaged Medicaments ($1.74M), and Electric Generating Sets ($1.65M). During the last 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 4.28%, from $22.1M in 2017 to $27.2M in 2022.

In 2017, Ecuador exported $112M to Portugal. The main products exported from Ecuador to Portugal were Fish Fillets ($34.1M), Crustaceans ($27M), and Processed Fish ($21.8M). During the last 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 18.8%, from $47.1M in 2022 to $112M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Portugal than Ecuador included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Ecuador than Portugal included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

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

Comparative Advantage Portugal - Ecuador

Flow
Scale

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

During 2022, Portugal had a large net trade with Ecuador in the exports of Machines ($5.59M), Chemical Products ($4.72M), and Metals ($4.65M).

During 2017, Ecuador had a large net trade with Portugal in the exports of Animal Products ($71.6M), Foodstuffs ($22.6M), and Vegetable Products ($11.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Ecuador+$964kUncoated Paper
Top Product Potential Ecuador Portugal+$10.2MCrustaceans

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

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

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