2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$3.97BCURRENT US$
Rnk 156 / 186
2012-2022
Flag
GDP GROWTH
4.78%CURRENT US$
Rnk 156 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$461CURRENT US$
Rnk 184 / 186
2012-2022
Flag
GDP PC GROWTH
-17.3%CURRENT US$
Rnk 168 / 186

About

Ecuador-Sierra Leone Trade: In 2022, Ecuador exported $341k to Sierra Leone. The main products that Ecuador exported to Sierra Leone were Other Processed Fruits and Nuts ($341k). Over the past 13 years the exports of Ecuador to Sierra Leone have increased at an annualized rate of 58.4%, from $862 in 2009 to $341k in 2022.

In 2022, Ecuador did not export any services to Sierra Leone.

Sierra Leone-Ecuador Trade: In 2022, Sierra Leone exported $77.7k to Ecuador. The main products that Sierra Leone exported to Ecuador were Packaged Medicaments ($68k), Air Pumps ($6.38k), and Excavation Machinery ($516). Over the past 13 years the exports of Sierra Leone to Ecuador have increased at an annualized rate of 3.35%,  from $65.9k in 2009 to $77.7k in 2022.

In 2022, Sierra Leone 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, Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $341k to Sierra Leone. The main products exported from Ecuador to Sierra Leone were Other Processed Fruits and Nuts ($341k). During the last 13 years the exports of Ecuador to Sierra Leone have increased at an annualized rate of 58.4%, from $862 in 2009 to $341k in 2022.

In 2017, Sierra Leone exported $77.7k to Ecuador. The main products exported from Sierra Leone to Ecuador were Packaged Medicaments ($68k), Air Pumps ($6.38k), and Excavation Machinery ($516). During the last 5 years the exports of Sierra Leone to Ecuador have increased at an annualized rate of 3.35%, from $65.9k in 2022 to $77.7k in 2017.

Exports from Ecuador (Flag) to Sierra Leone (Flag) (2022)

Exports from Sierra Leone (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Sierra Leone
Top Destination
China$622M

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

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

In 2022, countries that imported more from Sierra Leone than Ecuador included Senegal ($14.5M), Ireland ($21.1M), and Mozambique ($1.66M).

Difference in imports from Sierra Leone (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Sierra Leone

Flow
Scale

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

During 2022, Ecuador had a large net trade with Sierra Leone in the exports of Foodstuffs ($341k).

During 2017, Sierra Leone had a large net trade with Ecuador in the exports of Chemical Products ($68k), Machines ($8.25k), and Plastics and Rubbers ($482).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Sierra Leone+$2.22kRefined Petroleum
Top Product Potential Sierra Leone Ecuador+$1.59kScrap Iron

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

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

Product Space of Ecuador (Flag) and Sierra Leone (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with