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Pricing

2022
Flag → Flag
Exports $36.2MRnk 94 / 218
2022
Flag → Flag
Top Product $3.4MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $26.1MRnk 64 / 170
2022
Flag → Flag
Top Product $8.15MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Denmark-Ecuador Trade: In 2022, Denmark exported $36.2M to Ecuador. The main products that Denmark exported to Ecuador were Vaccines, blood, antisera, toxins and cultures ($3.4M), Enzymes ($2.9M), and Vegetable Saps ($2.53M). Over the past 5 years the exports of Denmark to Ecuador have increased at an annualized rate of 2.4%, from $32.2M in 2017 to $36.2M in 2022.

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

Ecuador-Denmark Trade: In 2022, Ecuador exported $26.1M to Denmark. The main products that Ecuador exported to Denmark were Crustaceans ($8.15M), Other Wood Articles ($6.04M), and Bananas ($4.77M). Over the past 5 years the exports of Ecuador to Denmark have increased at an annualized rate of 5.34%,  from $12.6M in 2017 to $26.1M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $36.2M to Ecuador. The main products exported from Denmark to Ecuador were Vaccines, blood, antisera, toxins and cultures ($3.4M), Enzymes ($2.9M), and Vegetable Saps ($2.53M). During the last 5 years the exports of Denmark to Ecuador have increased at an annualized rate of 2.4%, from $32.2M in 2017 to $36.2M in 2022.

In 2017, Ecuador exported $26.1M to Denmark. The main products exported from Ecuador to Denmark were Crustaceans ($8.15M), Other Wood Articles ($6.04M), and Bananas ($4.77M). During the last 5 years the exports of Ecuador to Denmark have increased at an annualized rate of 5.34%, from $12.6M in 2022 to $26.1M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Ecuador (Flag)

Denmark Exports

Ecuador Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Ecuador
Top DestinationUnited States$9.86B

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 2022, countries that imported more from Denmark than Ecuador included Germany ($18.9B), Sweden ($11.6B), and Netherlands ($7.26B).

In 2022, countries that imported more from Ecuador than Denmark included Panama ($4.97B), Chile ($1.34B), and Peru ($1.02B).

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

Comparative Advantage Denmark - Ecuador

Flow
Scale

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

During 2022, Denmark had a large net trade with Ecuador in the exports of Chemical Products ($12.2M), Machines ($12.2M), and Instruments ($3.07M).

During 2017, Ecuador had a large net trade with Denmark in the exports of Wood Products ($10.2M), Animal Products ($8.15M), and Vegetable Products ($5.65M).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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Economic Complexity

Competitive Landscape

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.

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

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