2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
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2023
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 GDP
$6.41BCURRENT US$
Rnk 158 / 195
2013-2023
Flag
GDP GROWTH
-16.7%CURRENT US$
Rnk 188 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$758CURRENT US$
Rnk 185 / 196
2013-2023
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GDP PC GROWTH
-33.9%CURRENT US$
Rnk 189 / 195

About

Ecuador-Sierra Leone Trade: In 2023, Ecuador exported $3.17M to Sierra Leone. The main products that Ecuador exported to Sierra Leone were Other Processed Fruits and Nuts ($3.01M), Dried Fruits ($142k), and Salt ($20.3k). Over the past 12 years the exports of Ecuador to Sierra Leone have increased at an annualized rate of 36.8%, from $73.9k in 2011 to $3.17M in 2023.

In 2023, Ecuador did not export any services to Sierra Leone.

Sierra Leone-Ecuador Trade: In 2023, Sierra Leone exported $20.8k to Ecuador. The main products that Sierra Leone exported to Ecuador were Semiconductor Devices ($16.9k), Glass Mirrors ($1.58k), and Electrical Ignitions ($886). Over the past 12 years the exports of Sierra Leone to Ecuador have increased at an annualized rate of 37.4%,  from $4.25k in 2011 to $20.8k in 2023.

In 2023, Sierra Leone did not export any services to Ecuador.

Comparison In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85),  and 65 in total exports ($37.3B). That same year, Sierra Leone ranked 152 in total exports ($1.52B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $3.17M to Sierra Leone. The main products exported from Ecuador to Sierra Leone were Other Processed Fruits and Nuts ($3.01M), Dried Fruits ($142k), and Salt ($20.3k). During the last 12 years the exports of Ecuador to Sierra Leone have increased at an annualized rate of 36.8%, from $73.9k in 2011 to $3.17M in 2023.

In 2018, Sierra Leone exported $20.8k to Ecuador. The main products exported from Sierra Leone to Ecuador were Semiconductor Devices ($16.9k), Glass Mirrors ($1.58k), and Electrical Ignitions ($886). During the last 5 years the exports of Sierra Leone to Ecuador have increased at an annualized rate of 37.4%, from $4.25k in 2023 to $20.8k in 2018.

Exports from Ecuador (Flag) to Sierra Leone (Flag) (2023)

Exports from Sierra Leone (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Sierra Leone
Top Destination
China$1.03B

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 2023, countries that imported more from Ecuador than Sierra Leone included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

In 2023, countries that imported more from Sierra Leone than Ecuador included Ireland ($48M), Senegal ($4.8M), and Liberia ($683k).

Difference in imports from Sierra Leone (Flag) and Ecuador (Flag) (2023)

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 2023, Ecuador had a large net trade with Sierra Leone in the exports of N/A.

During 2018, Sierra Leone had a large net trade with Ecuador in the exports of Machines ($18.9k), Stone And Glass ($1.58k), and Instruments ($296).

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.

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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) (2023)

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