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Pricing

2022
Flag → Flag
Exports $177MRnk 68 / 217
2022
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Top Product $119MCoal Tar Oil
2022
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Exports $64.2MRnk 41 / 170
2022
Flag → Flag
Top Product $59.6MBananas
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI -0.96Rnk 102 / 124
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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 $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 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

Sweden-Ecuador In 2022, Sweden exported $177M to Ecuador. The main products that Sweden exported to Ecuador are Coal Tar Oil ($119M), Excavation Machinery ($4.69M), and Packaged Medicaments ($4.35M). During the last 27 years the exports of Sweden to Ecuador have increased at an annualized rate of 8.05%, from $21.9M in 1995 to $177M in 2022.

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

Ecuador-Sweden In 2022, Ecuador exported $64.2M to Sweden. The main products that Ecuador exported to Sweden were Bananas ($59.6M), Crustaceans ($1.86M), and Frozen Vegetables ($979k). During the last 27 years the exports of Ecuador to Sweden have increased at an annualized rate of 9.29%, from $5.83M in 1995 to $64.2M in 2022.

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

Comparison In 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK20.3M and imported SEK45.1M from Ecuador, resulting in a negative trade balance of SEK24.8M. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-22.7M (-52.8%) from SEK43M to SEK20.3M, while imports decreased by SEK-12M (-21.1%) from SEK57.1M to SEK45.1M.

Trade In December 2023, the top exports of Sweden to Ecuador were Refrigerators (SEK9.21M), Other Uncoated Paper (SEK4.72M), Excavation Machinery (SEK3.59M), Potassic Fertilizers (SEK3.44M), and Reaction and Catalytic Products (SEK1.42M). In December 2023 the top imports of Sweden from Ecuador were Bananas (SEK61.2M), Processed Crustaceans (SEK2.16M), Frozen Vegetables (SEK840k), Cocoa Beans (SEK307k), and Hats (SEK252k).

Growth In December 2023, the decrease in Sweden's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Cellulose Fibers Paper (SEK-6.13M or -92.7%), Refined Petroleum (SEK-2.61M or -78.8%), and Kraft Paper (SEK-2.52M or -77.1%). In December 2023, the decrease in Sweden's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Bananas (SEK-11.6M or -15.9%), Frozen Vegetables (SEK-548k or -39.5%), and Blankets (SEK-2k or -50%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-22.7M(-52.8%)
IMPORT GROWTH (December 2022 - December 2023)SEK-12M(-21.1%)

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

To check Ecuador and Sweden 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, Sweden exported $177M to Ecuador. The main products exported from Sweden to Ecuador were Coal Tar Oil ($119M), Excavation Machinery ($4.69M), and Packaged Medicaments ($4.35M). During the last 27 years the exports of Sweden to Ecuador have increased at an annualized rate of 8.05%, from $21.9M in 1995 to $177M in 2022.

In 2022, Ecuador exported $64.2M to Sweden. The main products exported from Ecuador to Sweden were Bananas ($59.6M), Crustaceans ($1.86M), and Frozen Vegetables ($979k). During the last 27 years the exports of Ecuador to Sweden have increased at an annualized rate of 9.29%, from $5.83M in 1995 to $64.2M in 2022.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Ecuador
Top DestinationUnited States$9.86B

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

In 2021, countries that imported more from Sweden than Ecuador were Germany ($19.2B), Norway ($18.7B), and Denmark ($14.6B).

In 2021, countries that imported more from Ecuador than Sweden were Panama ($4.97B), Colombia ($1.07B), and Chile ($1.34B).

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

Comparative Advantage Sweden - Ecuador

Flow
Scale

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

During 2022, Sweden had a large net trade with Ecuador in the exports of Mineral Products ($120M), Machines ($20.9M), and Chemical Products ($11.9M).

During 2022, Ecuador had a large net trade with Sweden in the exports of Vegetable Products ($61.2M), Animal Products ($1.86M), and Foodstuffs ($718k).

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 Sweden has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Sweden.

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

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