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Pricing

2022
Flag → Flag
Exports $27.2MRnk 89 / 208
2022
Flag → Flag
Top Product $2.9MStranded Iron Wire
2022
Flag → Flag
Exports $112MRnk 32 / 170
2022
Flag → Flag
Top Product $34.1MFish Fillets
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%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).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €2.61M and imported €16.8M from Ecuador, resulting in a negative trade balance of €14.2M. Between September 2023 and September 2024 the exports of Portugal have decreased by €-447k (-14.6%) from €3.06M to €2.61M, while imports increased by €9.18M (121%) from €7.6M to €16.8M.

Trade In September 2024, the top exports of Portugal to Ecuador were Electrical machinery and electronics (€438k), Machinery, mechanical appliances, & parts (€185k), Footwear (€110k), Knitted clothing accesories (€97.9k), and Paints, dyes, & varnishes (€85.9k). In September 2024 the top imports of Portugal from Ecuador were Fish, Crustaceans & Molluscs (€2.03M), Preparations of fish, crustacenas, & molluscs (€547k), Edible fruits, nuts & fruit peels (€398k), Animal or vegetable fats, oils, &... (€212k), and Preparations of vegetables, fruit, nuts or... (€194k).

Growth In September 2024, the decrease in Portugal's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Paper articles (€-292k or -91.1%), Iron/Steel Articles (€-118k or -85.2%), and Furniture, bedding, lamps, & prefab buildings (€-99.1k or -100%). In September 2024, the increase in Portugal's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Preparations of vegetables, fruit, nuts or... (€180k or 1.28k%) and Animal or vegetable fats, oils, &... (€82.3k or 63.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€-447k(-14.6%)
IMPORT GROWTH (September 2023 - September 2024)€9.18M(121%)

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

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

For full datasets download visit Bulk Download page.

Explore Ecuador and Portugal Data

Go to Bulk Download

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 DestinationSpain$20.5B
Ecuador
Top DestinationUnited 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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