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2022
Flag → Flag
Exports $27.2MRnk 89 / 208
2022
Flag → Flag
Top Product $2.9MStranded Iron Wire
2022
Flag → Flag
Exports $112MRnk 32 / 170
2022
Flag → Flag
Top Product $34.1MFish Fillets
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Portugal-Ecuador In 2022, Portugal exported $27.2M to Ecuador. The main products that Portugal exported to Ecuador are Stranded Iron Wire ($2.9M), Packaged Medicaments ($1.74M), and Electric Generating Sets ($1.65M). During the last 27 years the exports of Portugal to Ecuador have increased at an annualized rate of 4.86%, from $7.56M in 1995 to $27.2M in 2022.

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

Ecuador-Portugal In 2022, Ecuador exported $112M to Portugal. The main products that Ecuador exported to Portugal were Fish Fillets ($34.1M), Crustaceans ($27M), and Processed Fish ($21.8M). During the last 27 years the exports of Ecuador to Portugal have increased at an annualized rate of 6.41%, from $20.8M in 1995 to $112M in 2022.

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

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

February, 2024

About

Overview In February 2024, Portugal exported €1.33M and imported €4.33M from Ecuador, resulting in a negative trade balance of €3.01M. Between February 2023 and February 2024 the exports of Portugal have decreased by €-824k (-38.3%) from €2.15M to €1.33M, while imports decreased by €-761k (-14.9%) from €5.09M to €4.33M.

Trade In February 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 February 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 February 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 or steel articles (€-118k or -85.2%), and Furniture, bedding, lamps, & prefab buildings (€-99.1k or -100%). In February 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

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)€-824k(-38.3%)
IMPORT GROWTH (February 2023 - February 2024)€-761k(-14.9%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $27.2M to Ecuador. The main products exported from Portugal to Ecuador were Stranded Iron Wire ($2.9M), Packaged Medicaments ($1.74M), and Electric Generating Sets ($1.65M). During the last 27 years the exports of Portugal to Ecuador have increased at an annualized rate of 4.86%, from $7.56M in 1995 to $27.2M in 2022.

In 2022, Ecuador exported $112M to Portugal. The main products exported from Ecuador to Portugal were Fish Fillets ($34.1M), Crustaceans ($27M), and Processed Fish ($21.8M). During the last 27 years the exports of Ecuador to Portugal have increased at an annualized rate of 6.41%, from $20.8M in 1995 to $112M in 2022.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Ecuador
Top DestinationUnited States$9.86B

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 2021, countries that imported more from Portugal than Ecuador were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Ecuador than Portugal were China ($6.17B), Panama ($4.97B), and United States ($9.86B).

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

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 2022, Portugal had a large net trade with Ecuador in the exports of Machines ($5.59M), Chemical Products ($4.72M), and Metals ($4.65M).

During 2022, Ecuador had a large net trade with Portugal in the exports of Animal Products ($71.6M), Foodstuffs ($22.6M), and Vegetable Products ($11.4M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Portugal.

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

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