2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 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 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 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

Finland-Ecuador Trade: In 2022, Finland exported $58.7M to Ecuador. The main products that Finland exported to Ecuador were Kraft Paper ($20.9M), Other Uncoated Paper ($11.9M), and Nitrogenous Fertilizers ($5.06M). Over the past 5 years the exports of Finland to Ecuador have increased at an annualized rate of 11.2%, from $34.6M in 2017 to $58.7M in 2022.

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

Ecuador-Finland Trade: In 2022, Ecuador exported $207M to Finland. The main products that Ecuador exported to Finland were Precious Metal Ore ($186M), Bananas ($8.72M), and Coffee and Tea Extracts ($4.95M). Over the past 5 years the exports of Ecuador to Finland have increased at an annualized rate of 51.2%,  from $11.5M in 2017 to $207M in 2022.

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

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $58.7M to Ecuador. The main products exported from Finland to Ecuador were Kraft Paper ($20.9M), Other Uncoated Paper ($11.9M), and Nitrogenous Fertilizers ($5.06M). During the last 5 years the exports of Finland to Ecuador have increased at an annualized rate of 11.2%, from $34.6M in 2017 to $58.7M in 2022.

In 2017, Ecuador exported $207M to Finland. The main products exported from Ecuador to Finland were Precious Metal Ore ($186M), Bananas ($8.72M), and Coffee and Tea Extracts ($4.95M). During the last 5 years the exports of Ecuador to Finland have increased at an annualized rate of 51.2%, from $11.5M in 2022 to $207M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Ecuador (Flag)

Finland Exports

Ecuador Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Finland than Ecuador included Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

In 2022, countries that imported more from Ecuador than Finland included Panama ($4.97B), China ($6.17B), and Chile ($1.34B).

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

Comparative Advantage Finland - Ecuador

Flow
Scale

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

During 2022, Finland had a large net trade with Ecuador in the exports of Paper Goods ($38.4M), Chemical Products ($7.79M), and Machines ($6.01M).

During 2017, Ecuador had a large net trade with Finland in the exports of Mineral Products ($186M), Vegetable Products ($11.7M), and Foodstuffs ($6.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Ecuador+$1.58MKaolin Coated Paper
Top Product Potential Ecuador Finland+$1.71MBananas

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

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

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