Sierra Leone (SLE) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Sierra Leone-Ecuador Trade: In 2023, Sierra Leone exported $20.8k to Ecuador. The main products that Sierra Leone exported to Ecuador were Semiconductor Devices ($16.9k), Glass Mirrors ($1.58k), and Electrical Ignitions ($886). Over the past 5 years the exports of Sierra Leone to Ecuador have increased at an annualized rate of 37.4%, from $4.25k in 2018 to $20.8k in 2023.

In 2023, Sierra Leone did not export any services to Ecuador.

Ecuador-Sierra Leone In N/A, Ecuador did not export any products to Sierra Leone.

In 2023, Ecuador did not export any services to Sierra Leone.

Comparison In 2023, Sierra Leone ranked 152 in total exports ($1.52B), and does not have data regarding Economic Complexity Index. 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, Sierra Leone exported $20.8k to Ecuador. The main products exported from Sierra Leone to Ecuador were Semiconductor Devices ($16.9k), Glass Mirrors ($1.58k), and Electrical Ignitions ($886). During the last 5 years the exports of Sierra Leone to Ecuador have increased at an annualized rate of 37.4%, from $4.25k in 2018 to $20.8k in 2023.

Ecuador does not register exports to Sierra Leone. The main products exported from Ecuador to Sierra Leone were Other Processed Fruits and Nuts ($3.01M), Dried Fruits ($142k), and Salt ($20.3k).

Exports from Sierra Leone () to Ecuador () (2023)

Exports from Ecuador () to Sierra Leone () (2023)

Latest Data

Trade between Sierra Leone () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sierra Leone
Top DestinationChina$1.03B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Sierra Leone than Ecuador included Ireland ($48M), Senegal ($4.8M), and Liberia ($683k).

In 2023, countries that imported more from Ecuador than Sierra Leone included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

Difference in imports from Ecuador () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sierra Leone had a large net trade with Ecuador in the exports of Machines ($18.9k), Stone And Glass ($1.58k), and Instruments ($296).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sierra Leone Ecuador+$1.59kScrap Iron

Top Product Potential Ecuador Sierra Leone+$2.22kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Sierra Leone () to Ecuador () (2023)

Exports from Ecuador () to Sierra Leone () (2023)

Latest Data

Trade between Sierra Leone () and Ecuador ()

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sierra Leone () and Ecuador () (2023)

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