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2022
Flag → Flag
Exports $646MRnk 81 / 223
2022
Flag → Flag
Top Product $53.9MPackaged Medicaments
2022
Flag → Flag
Exports $371MRnk 16 / 170
2022
Flag → Flag
Top Product $105MBananas
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 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 $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 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

Germany-Ecuador Trade: In 2022, Germany exported $646M to Ecuador. The main products that Germany exported to Ecuador were Packaged Medicaments ($53.9M), Cars ($25.8M), and Medical Instruments ($23.1M). Over the past 5 years the exports of Germany to Ecuador have increased at an annualized rate of 3.9%, from $534M in 2017 to $646M in 2022.

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

Ecuador-Germany Trade: In 2022, Ecuador exported $371M to Germany. The main products that Ecuador exported to Germany were Bananas ($105M), Precious Metal Ore ($61.7M), and Cocoa Beans ($40.3M). Over the past 5 years the exports of Ecuador to Germany have decreased at an annualized rate of 6.49%,  from $519M in 2017 to $371M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €39.4M and imported €63.1M from Ecuador, resulting in a negative trade balance of €23.7M. Between August 2023 and August 2024 the exports of Germany have decreased by €-6.2M (-13.6%) from €45.6M to €39.4M, while imports increased by €18.5M (41.4%) from €44.6M to €63.1M.

Trade In August 2024, the top exports of Germany to Ecuador were Pharmaceutical products (€5.94M), Motor cars and motor caravans (€4.17M), Medical, surgical equipment, orthopaedic apparatus (€3.38M), Other prefabricated chemicals (€2.57M), and Other chemical final products (€2.32M). In August 2024 the top imports of Germany from Ecuador were Tropical and subtropical fruits (€20.7M), Coffee (€11.2M), Fish and crustaceans, molluscs (€5.44M), Other ores and ashes of metals (€4.62M), and Cocoa and cocoa products (€2.28M).

Origins In August 2024 the exports of Germany were mainly from Bavaria (€6.88M), Baden-Württemberg (€5.39M), North Rhine-Westphalia (€4.43M), Rhineland-Pfalz (€3.31M), and Lower Saxony (€2.89M), while imports destinations were mainly Hamburg (€15.8M), Baden-Württemberg (€8.38M), North Rhine-Westphalia (€6.43M), and Hesse (€2.31M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Aircraft (€-10.4M or -99.7%), Plates and sheets of iron or... (€-3.34M or -91.1%), and Paper and paperboard (€-1.96M or -95.5%). In August 2024, the increase in Germany's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Coffee (€10.5M or 1.6k%), Other ores and ashes of metals (€4.31M or 1.39k%), and Vegetable preparations and tinned vegetables (€625k or 67.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-6.2M(-13.6%)
IMPORT GROWTH (August 2023 - August 2024)€18.5M(41.4%)
MAIN EXPORTER (August 2024)Bavaria€6.88M

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

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

For full datasets download visit Bulk Download page.

Explore Ecuador and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $646M to Ecuador. The main products exported from Germany to Ecuador were Packaged Medicaments ($53.9M), Cars ($25.8M), and Medical Instruments ($23.1M). During the last 5 years the exports of Germany to Ecuador have increased at an annualized rate of 3.9%, from $534M in 2017 to $646M in 2022.

In 2017, Ecuador exported $371M to Germany. The main products exported from Ecuador to Germany were Bananas ($105M), Precious Metal Ore ($61.7M), and Cocoa Beans ($40.3M). During the last 5 years the exports of Ecuador to Germany have decreased at an annualized rate of 6.49%, from $519M in 2022 to $371M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Germany than Ecuador included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, countries that imported more from Ecuador than Germany included Panama ($4.97B), Curaçao ($64.1M), and Aruba ($44.3M).

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

Comparative Advantage Germany - Ecuador

Flow
Scale

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

During 2022, Germany had a large net trade with Ecuador in the exports of Chemical Products ($198M), Machines ($151M), and Transportation ($84M).

During 2017, Ecuador had a large net trade with Germany in the exports of Vegetable Products ($142M), Foodstuffs ($135M), and Mineral Products ($61.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Ecuador+$39.6MCars
Top Product Potential Ecuador Germany+$16.1MProcessed Fish

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

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

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