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Pricing

2022
Flag → Flag
Exports $20.4MRnk 91 / 209
2022
Flag → Flag
Top Product $11.7MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $22.5MRnk 69 / 170
2022
Flag → Flag
Top Product $18.3MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Norway-Ecuador Trade: In 2022, Norway exported $20.4M to Ecuador. The main products that Norway exported to Ecuador were Mixed Mineral or Chemical Fertilizers ($11.7M), Other Vegetable Oils ($748k), and Electrical Control Boards ($671k). Over the past 5 years the exports of Norway to Ecuador have increased at an annualized rate of 12.7%, from $11.2M in 2017 to $20.4M in 2022.

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

Ecuador-Norway Trade: In 2022, Ecuador exported $22.5M to Norway. The main products that Ecuador exported to Norway were Bananas ($18.3M), Excavation Machinery ($785k), and Lifting Machinery ($589k). Over the past 5 years the exports of Ecuador to Norway have increased at an annualized rate of 5.88%,  from $16.9M in 2017 to $22.5M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

August, 2024

About

Overview In August 2024, Norway exported NOK9.44M and imported NOK54.1M from Ecuador, resulting in a negative trade balance of NOK44.6M. Between August 2023 and August 2024 the exports of Norway have decreased by NOK-15.3M (-61.8%) from NOK24.7M to NOK9.44M, while imports increased by NOK19.6M (56.8%) from NOK34.5M to NOK54.1M.

Trade In August 2024, the top exports of Norway to Ecuador were Chemical materials and products, n.e.s. (NOK17.7M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK783k), Manufactures of metals, n.e.s. (NOK399k), Plastics in non-primary forms (NOK306k), and General industrial machinery and equipment, n.e.s.,... (NOK170k). In August 2024 the top imports of Norway from Ecuador were Vegetables and fruit (NOK25.6M), Machinery specialized for particular industries (NOK3.58M), General industrial machinery and equipment, n.e.s.,... (NOK456k), Crude animal and vegetable materials, n.e.s. (NOK193k), and Fish (not marine mammals), crustaceans, molluscs... (NOK95k).

Growth In August 2024, the decrease in Norway's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Paper, paperboard and articles of paper... (NOK-1.27M or -100%), Power-generating machinery and equipment (NOK-1.16M or -98.6%), and Plastics in primary forms (NOK-538k or -100%). In August 2024, the increase in Norway's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Machinery specialized for particular industries (NOK3.55M or 11.1k%), Vegetables and fruit (NOK1.94M or 8.2%), and General industrial machinery and equipment, n.e.s.,... (NOK452k or 11.3k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)NOK-15.3M(-61.8%)
IMPORT GROWTH (August 2023 - August 2024)NOK19.6M(56.8%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Ecuador and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $20.4M to Ecuador. The main products exported from Norway to Ecuador were Mixed Mineral or Chemical Fertilizers ($11.7M), Other Vegetable Oils ($748k), and Electrical Control Boards ($671k). During the last 5 years the exports of Norway to Ecuador have increased at an annualized rate of 12.7%, from $11.2M in 2017 to $20.4M in 2022.

In 2017, Ecuador exported $22.5M to Norway. The main products exported from Ecuador to Norway were Bananas ($18.3M), Excavation Machinery ($785k), and Lifting Machinery ($589k). During the last 5 years the exports of Ecuador to Norway have increased at an annualized rate of 5.88%, from $16.9M in 2022 to $22.5M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Norway than Ecuador included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Ecuador than Norway included Panama ($4.97B), United States ($9.86B), and Chile ($1.34B).

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

Comparative Advantage Norway - Ecuador

Flow
Scale

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

During 2022, Norway had a large net trade with Ecuador in the exports of Chemical Products ($12.9M), Machines ($3.49M), and Instruments ($1.1M).

During 2017, Ecuador had a large net trade with Norway in the exports of Vegetable Products ($19.4M), Machines ($1.61M), and Animal Products ($336k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Ecuador+$328kElectrical Control Boards
Top Product Potential Ecuador Norway+$952kCrustaceans

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

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

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