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Trade between Ecuador and Spain

In 2024, Ecuador exported $949 million to Spain and imported $677 million. Ecuador ran a surplus of $272 million with Spain, compared with a surplus of $35 million in 2019. Spain was Ecuador’s 7th largest trading partner (2% of its trade), and Ecuador was Spain’s 62nd (0.2%).

Summary

Ecuador → Spain
$949million
Spain → Ecuador
$677million
Ecuador’s balance
$272million

Balance

Ecuador’s trade balance with Spain

Trade between Ecuador and Spain grew 5-fold since 1995

USD millions (current). Ecuador’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 949
  • Imports 677
  • Balance +272

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$216 million$111 million$105 million
1996$191 million$202 million-$10 million
1997$161 million$181 million-$19 million
1998$177 million$126 million$51 million
1999$183 million$111 million$73 million
2000$107 million$79 million$29 million
2001$117 million$116 million$1 million
2002$122 million$164 million-$42 million
2003$213 million$163 million$50 million
2004$174 million$159 million$15 million
2005$309 million$189 million$120 million
2006$421 million$213 million$207 million
2007$465 million$218 million$247 million
2008$559 million$249 million$309 million
2009$433 million$250 million$183 million
2010$453 million$288 million$165 million
2011$548 million$337 million$211 million
2012$531 million$649 million-$118 million
2013$666 million$812 million-$146 million
2014$582 million$758 million-$176 million
2015$534 million$397 million$137 million
2016$569 million$337 million$232 million
2017$657 million$606 million$51 million
2018$633 million$532 million$100 million
2019$676 million$641 million$35 million
2020$578 million$478 million$100 million
2021$739 million$598 million$140 million
2022$996 million$792 million$203 million
2023$945 million$750 million$195 million
2024$949 million$677 million$272 million

What they sell each other

What Ecuador sells to Spain

The top 10 headings in 2024, with their share of the total.

  1. Prepared fish and caviar$350 million · 36.8%
    73 thousand tonnes
  2. 63 thousand tonnes
  3. Cocoa beans$57 million · 6%
    9 thousand tonnes · Ecuador’s destinations
  4. Cut flowers$45 million · 4.7%
    6 thousand tonnes
  5. Frozen fish$26 million · 2.7%
    10 thousand tonnes
  6. Bananas$25 million · 2.7%
    32 thousand tonnes · Ecuador’s destinations
  7. Preserved fruit and nuts$18 million · 1.9%
    7 thousand tonnes
  8. 5 thousand tonnes
  9. Gold$15 million · 1.6%
  10. Other wood articles$15 million · 1.6%
    2 thousand tonnes

What Spain sells to Ecuador

The top 10 headings in 2024, with their share of the total.

  1. Coal tar oils$155 million · 22.9%
    180 thousand tonnes
  2. 1 thousand tonnes · Spain’s destinations
  3. Cars$29 million · 4.4%
    2 thousand tonnes · Spain’s destinations
  4. 2 thousand tonnes
  5. Mixed fertilizers$19 million · 2.8%
    6 thousand tonnes
  6. Olive oil$19 million · 2.8%
    2 thousand tonnes · Spain’s destinations
  7. Other food preparations$15 million · 2.3%
    682 tonnes
  8. 131 tonnes
  9. Ceramic tiles$14 million · 2%
    19 thousand tonnes
  10. Pesticides and herbicides$11 million · 1.6%
    1 thousand tonnes

How it travels

Estimated sea route from Guayaquil to Valencia.

The estimated sea route between Guayaquil and Valencia is 5,751 nautical miles (10,651 km) long: ≈ 13.5–17 days at sea (at 18 and 14 knots).

Passages it crosses: Panama Canal and Strait of Gibraltar.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.5 billion · 94.8%
  2. Air$85 million · 5.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Spain was Ecuador’s 7th largest trading partner (2% of its trade), and Ecuador was Spain’s 62nd (0.2%).

Spain in Ecuador’s trade
2.4%
Spain’s rank among Ecuador’s partners
7th
Ecuador in Spain’s trade
0.2%
Ecuador’s rank among Spain’s partners
62nd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.