Denmark (DNK) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

About

Denmark-Ecuador Trade: In 2023, Denmark exported $46.2M to Ecuador. The main products that Denmark exported to Ecuador were Enzymes ($6.05M), Packaged Medicaments ($3.73M), and Industrial Food Preperation Machinery ($3.6M). Over the past 5 years the exports of Denmark to Ecuador have increased at an annualized rate of 9.29%, from $29.6M in 2018 to $46.2M in 2023.

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

Ecuador-Denmark Trade: In 2023, Ecuador exported $9.11M to Denmark. The main products that Ecuador exported to Denmark were Crustaceans ($3.21M), Bananas ($1.28M), and Processed Fish ($1.04M). Over the past 5 years the exports of Ecuador to Denmark have decreased at an annualized rate of 6.62%, from $12.8M in 2018 to $9.11M in 2023.

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

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $46.2M to Ecuador. The main products exported from Denmark to Ecuador were Enzymes ($6.05M), Packaged Medicaments ($3.73M), and Industrial Food Preperation Machinery ($3.6M). During the last 5 years the exports of Denmark to Ecuador have increased at an annualized rate of 9.29%, from $29.6M in 2018 to $46.2M in 2023.

In 2018, Ecuador exported $9.11M to Denmark. The main products exported from Ecuador to Denmark were Crustaceans ($3.21M), Bananas ($1.28M), and Processed Fish ($1.04M). During the last 5 years the exports of Ecuador to Denmark have decreased at an annualized rate of 6.62%, from $12.8M in 2023 to $9.11M in 2018.

Exports from Denmark () to Ecuador () (2023)

Exports from Ecuador () to Denmark () (2023)

Latest Data

Trade between Denmark () and Ecuador ()

Denmark Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Denmark than Ecuador included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

In 2023, countries that imported more from Ecuador than Denmark included Panama ($4.38B), China ($7.96B), and Peru ($1.15B).

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

Comparative Advantage Denmark - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Ecuador in the exports of Chemical Products ($17M), Machines ($14.4M), and Instruments ($5.05M).

During 2018, Ecuador had a large net trade with Denmark in the exports of Animal Products ($3.22M), Foodstuffs ($2.18M), and Vegetable Products ($1.94M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Ecuador+$1.97MVaccines, blood, antisera, toxins and cultures

Top Product Potential Ecuador Denmark+$4.76MCrustaceans

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Denmark and Ecuador. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Ecuador () (2023)

Exports from Ecuador () to Denmark () (2023)

Latest Data

Trade between Denmark () and Ecuador ()

Denmark Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Denmark - Ecuador

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring