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

About

Ecuador-Portugal Trade: 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). Over the past 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 18.8%, from $47.1M in 2017 to $112M in 2022.

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

Portugal-Ecuador Trade: In 2022, Portugal exported $27.2M to Ecuador. The main products that Portugal exported to Ecuador were Stranded Iron Wire ($2.9M), Packaged Medicaments ($1.74M), and Electric Generating Sets ($1.65M). Over the past 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 1.63%,  from $22.1M in 2017 to $27.2M in 2022.

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

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

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $8.73M and imported $2.43M from Portugal, resulting in a positive trade balance of $6.3M. Between December 2020 and December 2021 the exports of Ecuador have increased by $4.78M (121%) from $3.95M to $8.73M, while imports increased by $1M (70.5%) from $1.42M to $2.43M.

Trade In December 2021, the top exports of Ecuador to Portugal were Fish Fillets ($1.66M), Crustaceans ($1.27M), Processed Fish ($1.04M), Bananas ($399k), and Cut Flowers ($365k). In December 2021 the top imports of Ecuador from Portugal were Packaged Medicaments ($214k), Nitrogenous Fertilizers ($123k), Stranded Iron Wire ($118k), Raw Plastic Sheeting ($81.6k), and Tissue ($72.2k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($4.95M), Manta ($3.6M), Puerto Bolívar ($110k), and Quito ($81.2k), while imports destinations were mainly Guayaquil-Marítimo ($1.91M), Quito ($512k), Tulcán ($8.32k), Cuenca ($1.81k), and Guayaquil-Aéreo ($1.41k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Portugal was explained primarily by an increase in product exports in Fish Fillets ($951k or 135%) and Crustaceans ($289k or 29.4%). In December 2021, the increase in Ecuador's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Packaged Medicaments ($198k or 1.28k%), Wine ($51.9k or 1.34k%), and Machinery Having Individual Functions ($34k or 4.32k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$4.78M(121%)
IMPORT GROWTH (December 2020 - December 2021)$1M(70.5%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$4.95M

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

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

For full datasets download visit Bulk Download page.

Explore Portugal and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Ecuador to Portugal have increased at an annualized rate of 18.8%, from $47.1M in 2017 to $112M in 2022.

In 2017, 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 5 years the exports of Portugal to Ecuador have increased at an annualized rate of 1.63%, from $22.1M in 2022 to $27.2M in 2017.

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

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

Market Competitiveness

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

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

In 2022, countries that imported more from Ecuador than Portugal included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

In 2022, countries that imported more from Portugal than Ecuador included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Ecuador - Portugal

Flow
Scale

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

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).

During 2017, Portugal had a large net trade with Ecuador in the exports of Machines ($5.59M), Chemical Products ($4.72M), and Metals ($4.65M).

Potential Exports

Potential Exports

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

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

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

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