Greece (GRC) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Greece-Ecuador Trade: In 2023, Greece exported $22.6M to Ecuador. The main products that Greece exported to Ecuador were Other Processed Fruits and Nuts ($10.7M), Jams ($3.32M), and Mixed Mineral or Chemical Fertilizers ($1.51M). Over the past 5 years the exports of Greece to Ecuador have increased at an annualized rate of 25.6%, from $7.24M in 2018 to $22.6M in 2023.

In 2023, Greece did not export any services to Ecuador.

Ecuador-Greece Trade: In 2023, Ecuador exported $190M to Greece. The main products that Ecuador exported to Greece were Bananas ($146M), Crustaceans ($36.2M), and Processed Fish ($3.05M). Over the past 5 years the exports of Ecuador to Greece have increased at an annualized rate of 6.62%, from $138M in 2018 to $190M in 2023.

In 2023, Ecuador did not export any services to Greece.

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $22.6M to Ecuador. The main products exported from Greece to Ecuador were Other Processed Fruits and Nuts ($10.7M), Jams ($3.32M), and Mixed Mineral or Chemical Fertilizers ($1.51M). During the last 5 years the exports of Greece to Ecuador have increased at an annualized rate of 25.6%, from $7.24M in 2018 to $22.6M in 2023.

In 2018, Ecuador exported $190M to Greece. The main products exported from Ecuador to Greece were Bananas ($146M), Crustaceans ($36.2M), and Processed Fish ($3.05M). During the last 5 years the exports of Ecuador to Greece have increased at an annualized rate of 6.62%, from $138M in 2023 to $190M in 2018.

Exports from Greece () to Ecuador () (2023)

Exports from Ecuador () to Greece () (2023)

Latest Data

Trade between Greece () and Ecuador ()

Greece Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Greece than Ecuador included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

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

Difference in imports from Ecuador () and Greece () (2023)

Comparative Advantage Greece - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Ecuador in the exports of Foodstuffs ($14.1M), Chemical Products ($3.52M), and Machines ($1.41M).

During 2018, Ecuador had a large net trade with Greece in the exports of Vegetable Products ($147M), Animal Products ($36.2M), and Foodstuffs ($3.47M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Ecuador+$638kRaw Plastic Sheeting

Top Product Potential Ecuador Greece+$2.76MCrustaceans

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Ecuador () (2023)

Exports from Ecuador () to Greece () (2023)

Latest Data

Trade between Greece () and Ecuador ()

Greece Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Greece () (2023)

Comparative Advantage Greece - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Ecuador () (2023)

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