2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Spain-Ecuador Trade: In 2022, Spain exported $865M to Ecuador. The main products that Spain exported to Ecuador were Coal Tar Oil ($206M), Non-fillet Frozen Fish ($59.2M), and Refined Petroleum ($35.5M). Over the past 5 years the exports of Spain to Ecuador have increased at an annualized rate of 6.32%, from $636M in 2017 to $865M in 2022.

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

Ecuador-Spain Trade: In 2022, Ecuador exported $1.03B to Spain. The main products that Ecuador exported to Spain were Crustaceans ($400M), Processed Fish ($374M), and Crude Petroleum ($71M). Over the past 5 years the exports of Ecuador to Spain have increased at an annualized rate of 10.6%,  from $620M in 2017 to $1.03B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported $865M to Ecuador. The main products exported from Spain to Ecuador were Coal Tar Oil ($206M), Non-fillet Frozen Fish ($59.2M), and Refined Petroleum ($35.5M). During the last 5 years the exports of Spain to Ecuador have increased at an annualized rate of 6.32%, from $636M in 2017 to $865M in 2022.

In 2017, Ecuador exported $1.03B to Spain. The main products exported from Ecuador to Spain were Crustaceans ($400M), Processed Fish ($374M), and Crude Petroleum ($71M). During the last 5 years the exports of Ecuador to Spain have increased at an annualized rate of 10.6%, from $620M in 2022 to $1.03B in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Spain than Ecuador included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Ecuador than Spain included Panama ($4.97B), Peru ($1.02B), and Curaçao ($64.1M).

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

Comparative Advantage Spain - Ecuador

Flow
Scale

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

During 2022, Spain had a large net trade with Ecuador in the exports of Mineral Products ($245M), Chemical Products ($144M), and Machines ($116M).

During 2017, Ecuador had a large net trade with Spain in the exports of Animal Products ($436M), Foodstuffs ($418M), and Mineral Products ($72.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Ecuador+$29.5MRefined Petroleum
Top Product Potential Ecuador Spain+$9.95MBananas

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

Product Space of Spain (Flag) and Ecuador (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