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Pricing

2022
Flag → Flag
Exports $122MRnk 31 / 170
2022
Flag → Flag
Top Product $79.8MBananas
2022
Flag → Flag
Exports $18.9MRnk 94 / 208
2022
Flag → Flag
Top Product $9.45MOther Processed Fruits and Nuts
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Ecuador-Greece Trade: In 2022, Ecuador exported $122M to Greece. The main products that Ecuador exported to Greece were Bananas ($79.8M), Crustaceans ($34M), and Processed Fish ($4.91M). Over the past 5 years the exports of Ecuador to Greece have increased at an annualized rate of 10.1%, from $75.3M in 2017 to $122M in 2022.

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

Greece-Ecuador Trade: In 2022, Greece exported $18.9M to Ecuador. The main products that Greece exported to Ecuador were Other Processed Fruits and Nuts ($9.45M), Raw Plastic Sheeting ($1.51M), and Jams ($881k). Over the past 5 years the exports of Greece to Ecuador have increased at an annualized rate of 41.1%,  from $3.39M in 2017 to $18.9M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $10.7M and imported $1.72M from Greece, resulting in a positive trade balance of $8.94M. Between December 2020 and December 2021 the exports of Ecuador have increased by $3.55M (49.8%) from $7.12M to $10.7M, while imports increased by $709k (69.9%) from $1.01M to $1.72M.

Trade In December 2021, the top exports of Ecuador to Greece were Bananas ($7.24M), Crustaceans ($2.3M), Scrap Copper ($328k), Processed Fish ($211k), and Raw Lead ($105k). In December 2021 the top imports of Ecuador from Greece were Other Processed Fruits and Nuts ($803k), Lifting Machinery ($65.4k), Razor Blades ($51.4k), Building Stone ($39k), and Carbonates ($5.53k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($10.4M) and Puerto Bolívar ($313k), while imports destinations were mainly Guayaquil-Marítimo ($1.72M) and Quito ($92.3).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Greece was explained primarily by an increase in product exports in Bananas ($1.4M or 24.1%) and Crustaceans ($298k or 14.9%). In December 2021, the increase in Ecuador's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Other Processed Fruits and Nuts ($59k or 7.92%), Carbonates ($2.59k or 88.1%), and Lifting Machinery ($617 or 0.95%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$3.55M(49.8%)
IMPORT GROWTH (December 2020 - December 2021)$709k(69.9%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$10.4M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $122M to Greece. The main products exported from Ecuador to Greece were Bananas ($79.8M), Crustaceans ($34M), and Processed Fish ($4.91M). During the last 5 years the exports of Ecuador to Greece have increased at an annualized rate of 10.1%, from $75.3M in 2017 to $122M in 2022.

In 2017, Greece exported $18.9M to Ecuador. The main products exported from Greece to Ecuador were Other Processed Fruits and Nuts ($9.45M), Raw Plastic Sheeting ($1.51M), and Jams ($881k). During the last 5 years the exports of Greece to Ecuador have increased at an annualized rate of 41.1%, from $3.39M in 2022 to $18.9M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Ecuador than Greece included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Greece than Ecuador included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Ecuador - Greece

Flow
Scale

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

During 2022, Ecuador had a large net trade with Greece in the exports of Vegetable Products ($80.8M), Animal Products ($34M), and Foodstuffs ($5.42M).

During 2017, Greece had a large net trade with Ecuador in the exports of Foodstuffs ($10.4M), Plastics and Rubbers ($1.78M), and Metals ($1.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Greece+$2.76MCrustaceans
Top Product Potential Greece Ecuador+$638kRaw Plastic Sheeting

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

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

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