Switzerland (CHE) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Switzerland-Ecuador Trade: In 2023, Switzerland exported $116M to Ecuador. The main products that Switzerland exported to Ecuador were Packaged Medicaments ($37.7M), Vaccines, blood, antisera, toxins and cultures ($18.8M), and Base Metal Watches ($6.51M). Over the past 5 years the exports of Switzerland to Ecuador have increased at an annualized rate of 2.03%, from $105M in 2018 to $116M in 2023.

In 2023, Switzerland did not export any services to Ecuador.

Ecuador-Switzerland Trade: In 2023, Ecuador exported $480M to Switzerland. The main products that Ecuador exported to Switzerland were Gold ($380M), Bananas ($41.8M), and Cocoa Beans ($31.6M). Over the past 5 years the exports of Ecuador to Switzerland have increased at an annualized rate of 44.9%, from $75.1M in 2018 to $480M in 2023.

In 2023, Ecuador did not export any services to Switzerland.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). 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, Switzerland exported $116M to Ecuador. The main products exported from Switzerland to Ecuador were Packaged Medicaments ($37.7M), Vaccines, blood, antisera, toxins and cultures ($18.8M), and Base Metal Watches ($6.51M). During the last 5 years the exports of Switzerland to Ecuador have increased at an annualized rate of 2.03%, from $105M in 2018 to $116M in 2023.

In 2018, Ecuador exported $480M to Switzerland. The main products exported from Ecuador to Switzerland were Gold ($380M), Bananas ($41.8M), and Cocoa Beans ($31.6M). During the last 5 years the exports of Ecuador to Switzerland have increased at an annualized rate of 44.9%, from $75.1M in 2023 to $480M in 2018.

Exports from Switzerland () to Ecuador () (2023)

Exports from Ecuador () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Ecuador ()

Switzerland Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Switzerland than Ecuador included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Ecuador than Switzerland included Panama ($4.38B), Peru ($1.15B), and Chile ($1.11B).

Difference in imports from Ecuador () and Switzerland () (2023)

Comparative Advantage Switzerland - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Ecuador in the exports of Chemical Products ($75.5M), Instruments ($15.8M), and Machines ($12.1M).

During 2018, Ecuador had a large net trade with Switzerland in the exports of Precious Metals ($380M), Vegetable Products ($60.1M), and Foodstuffs ($36.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Ecuador+$17.4MPackaged Medicaments

Top Product Potential Ecuador Switzerland+$3.77MCrustaceans

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

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Ecuador () (2023)

Exports from Ecuador () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Ecuador ()

Switzerland Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Switzerland () (2023)

Comparative Advantage Switzerland - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Ecuador () (2023)

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