Sweden (SWE) and Ecuador (ECU) Trade

About

Sweden-Ecuador: In 2018, Sweden exported $57.2M to Ecuador. The main products that Sweden exported to Ecuador are Other Construction Vehicles ($6.03M), Cellulose Fibers Paper ($4.3M), and Delivery Trucks ($3.67M). During the last 23 years the exports of Sweden to Ecuador have increased at an annualized rate of 4.39%, from $21.3M in 1995 to $57.2M in 2018.

In 2018, Sweden did not exported services to Ecuador.

Ecuador-Sweden: In 2018, Ecuador exported $60.2M to Sweden . The main products that Ecuador exported to Sweden were Bananas ($55.6M), Processed Fish ($1.58M), and Frozen Vegetables ($1.41M). During the last 23 years the exports of Sweden to Ecuador have increased at an annualized rate of 4.39%, from $21.3M in 1995 to $57.2M in 2018.

In 2018, Ecuador did not exported services to Sweden.

Comparison: In 2018, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.7), and 70 in total exports ($22.1B).

Product Trade

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Bilateral Trade by Products

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Depth

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In 2018, Sweden exported $57.2M to Ecuador. The main products exported from Sweden to Ecuador were Other Construction Vehicles ($6.03M), Cellulose Fibers Paper ($4.3M), and Delivery Trucks ($3.67M). During the last 23 years the exports of Sweden to Ecuador have increased at an annualized rate of 4.39%, from $21.3M in 1995 to $57.2M in 2018.

In 2018, Ecuador exported $60.2M to Sweden. The main products exported from Ecuador to Sweden were Bananas ($55.6M), Processed Fish ($1.58M), and Frozen Vegetables ($1.41M). During the last 23 years the exports of Ecuador to Sweden have increased at an annualized rate of 9.63%, from $7.26M in 1995 to $60.2M in 2018.

Latest Data

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Market Competitiveness

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Measure

SectionYear

Sweden
Top Destination: Germany, $17.4B

Ecuador
Top Destination: United States, $6.69B

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 2018, countries that imported more from Sweden than Ecuador were Germany ($17.4B), Norway ($15.2B), and Denmark ($11.2B).

In 2018, countries that imported more from Ecuador than Sweden were Peru ($1.66B), Panama ($1.24B), and Chile ($1.49B).

Comparative Advantage Sweden - Ecuador

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Depth

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

During 2018, Sweden had a large net trade with Ecuador in the exports of Machines ($20.6M), Chemical Products ($9.97M), and Paper Goods ($9.09M).

During 2018, Ecuador had a large net trade with Sweden in the exports of Vegetable Products ($57.4M), Foodstuffs ($1.61M), and Animal Products ($770k).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Sweden and Ecuador (using the HS6 product classification and the last year reported).

In 2017, the products from Sweden that paid the highest import tariffs to enter Ecuador were Sugar beet (155%) and Mushrooms, prepared or preserved, not in vinegar (117%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter Sweden were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (85.5%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen (85.5%).

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*The tariffs present between Sweden and Ecuador are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
205: Preferential tariff for Ecuador

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Ecuador. Similarly, the more red a dot/product is, the more Ecuador has comparative advantage over Sweden.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Sweden - Ecuador

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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