Ecuador / Spain

Overview In December 2021, Ecuador exported $62.6M and imported $39M from Spain, resulting in a positive trade balance of $23.6M. Between December 2020 and December 2021 the exports of Ecuador have increased by $24M (62.2%) from $38.6M to $62.6M, while imports decreased by $-4.17M (-9.66%) from $43.1M to $39M.

Trade In December 2021, the top exports of Ecuador to Spain were Cut Flowers ($22.3M), Crustaceans ($13.3M), Processed Fish ($8.7M), Bananas ($1.45M), and Cocoa Beans ($833k). In December 2021 the top imports of Ecuador from Spain were Cars ($1.86M), Refrigerators ($1.76M), Unglazed Ceramics ($1.62M), Other Paper Machinery ($1.53M), and Other Edible Preparations ($1.46M).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($55.7M), Manta ($4.85M), Quito ($1.89M), and Guayaquil-Aéreo ($157k), while imports destinations were mainly Guayaquil-Marítimo ($29.3M), Quito ($8.33M), Guayaquil-Aéreo ($1.22M), Cuenca ($119k), and Tulcán ($25.7k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Spain was explained primarily by an increase in product exports in Cut Flowers ($2.18M or 10.9%), Bananas ($476k or 49%), and Sawn Wood ($261k or 315%). In December 2021, the decrease in Ecuador's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Rubberworking Machinery ($-2.15M or -99.4%), Packaged Medicaments ($-2.04M or -60.1%), and Cars ($-1.96M or -51.2%).