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2023
Flag → Flag
Exports $39.2MRnk 80 / 211
2023
Flag → Flag
Top Product $3.38MElectric Generating Sets
2023
Flag → Flag
Exports $76.4kRnk 36 / 174
2023
Flag → Flag
Top Product $22.2MCrustaceans
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Portugal-Ecuador Trade: In 2023, Portugal exported $39.2M to Ecuador. The main products that Portugal exported to Ecuador were Electric Generating Sets ($3.38M), Light Fixtures ($3M), and Packaged Medicaments ($2.55M). Over the past 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 3.77%, from $32.6M in 2018 to $39.2M in 2023.

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

Ecuador-Portugal Trade: In 2023, Ecuador exported $92.2M to Portugal. The main products that Ecuador exported to Portugal were Crustaceans ($22.2M), Fish Fillets ($21.4M), and Processed Fish ($16.1M). Over the past 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 19.1%,  from $38.4M in 2018 to $92.2M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €939k and imported €6.15M from Ecuador, resulting in a negative trade balance of €5.21M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-417k (-30.7%) from €1.36M to €939k, while imports decreased by €-2.05M (-25%) from €8.2M to €6.15M.

Trade In November 2024, the top exports of Portugal to Ecuador were Electrical machinery and electronics (€438k), Machinery, mechanical appliances, & parts (€185k), Footwear (€110k), Knitted clothing accesories (€97.9k), and Paints, dyes, & varnishes (€85.9k). In November 2024 the top imports of Portugal from Ecuador were Fish, Crustaceans & Molluscs (€2.03M), Preparations of fish, crustacenas, & molluscs (€547k), Edible fruits, nuts & fruit peels (€398k), Animal or vegetable fats, oils, &... (€212k), and Preparations of vegetables, fruit, nuts or... (€194k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Paper articles (€-292k or -91.1%), Iron/Steel Articles (€-118k or -85.2%), and Furniture, bedding, lamps, & prefab buildings (€-99.1k or -100%). In November 2024, the decrease in Portugal's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Fish, Crustaceans & Molluscs (€-1.13M or -35.8%), Preparations of fish, crustacenas, & molluscs (€-719k or -56.8%), and Edible fruits, nuts & fruit peels (€-189k or -32.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-417k(-30.7%)
IMPORT GROWTH (November 2023 - November 2024)€-2.05M(-25%)

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

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

For full datasets download visit Bulk Download page.

Explore Ecuador and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $39.2M to Ecuador. The main products exported from Portugal to Ecuador were Electric Generating Sets ($3.38M), Light Fixtures ($3M), and Packaged Medicaments ($2.55M). During the last 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 3.78%, from $46.3M in 2018 to $39.2M in 2023.

In 2018, Ecuador exported $92.2M to Portugal. The main products exported from Ecuador to Portugal were Crustaceans ($22.2M), Fish Fillets ($21.4M), and Processed Fish ($16.1M). During the last 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 2.03%, from $84.7k in 2023 to $92.2M in 2018.

Exports from Portugal (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Portugal than Ecuador included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Difference in imports from Ecuador (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Ecuador

Flow
Scale

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

During 2023, Portugal had a large net trade with Ecuador in the exports of Machines ($12.9M), Chemical Products ($7.08M), and Textiles ($3.58M).

During 2018, Ecuador had a large net trade with Portugal in the exports of Animal Products ($54.1M), Foodstuffs ($17.7M), and Vegetable Products ($14.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Ecuador+$964kUncoated Paper
Top Product Potential Ecuador Portugal+$10.2MCrustaceans

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

Product Space of Portugal (Flag) and Ecuador (Flag) (2023)

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