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2022
Flag → Flag
Exports $58.7MRnk 75 / 207
2022
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Top Product $20.9MKraft Paper
2022
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Exports $207MRnk 22 / 170
2022
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Top Product $186MPrecious Metal Ore
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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GDP PC $50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Finland-Ecuador In 2022, Finland exported $58.7M to Ecuador. The main products that Finland exported to Ecuador are Kraft Paper ($20.9M), Other Uncoated Paper ($11.9M), and Nitrogenous Fertilizers ($5.06M). During the last 27 years the exports of Finland to Ecuador have increased at an annualized rate of 6.97%, from $9.53M in 1995 to $58.7M in 2022.

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

Ecuador-Finland In 2022, Ecuador exported $207M to Finland. The main products that Ecuador exported to Finland were Precious Metal Ore ($186M), Bananas ($8.72M), and Coffee and Tea Extracts ($4.95M). During the last 27 years the exports of Ecuador to Finland have increased at an annualized rate of 14.5%, from $5.3M in 1995 to $207M in 2022.

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

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $58.7M to Ecuador. The main products exported from Finland to Ecuador were Kraft Paper ($20.9M), Other Uncoated Paper ($11.9M), and Nitrogenous Fertilizers ($5.06M). During the last 27 years the exports of Finland to Ecuador have increased at an annualized rate of 6.97%, from $9.53M in 1995 to $58.7M in 2022.

In 2022, Ecuador exported $207M to Finland. The main products exported from Ecuador to Finland were Precious Metal Ore ($186M), Bananas ($8.72M), and Coffee and Tea Extracts ($4.95M). During the last 27 years the exports of Ecuador to Finland have increased at an annualized rate of 14.5%, from $5.3M in 1995 to $207M in 2022.

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

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

Latest Data

Trade between Finland (Flag) and Ecuador (Flag)

Finland Exports

Ecuador Exports

Market Competitiveness

Color
Finland
Top DestinationGermany$9.99B
Ecuador
Top DestinationUnited States$9.86B

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

In 2021, countries that imported more from Finland than Ecuador were Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

In 2021, countries that imported more from Ecuador than Finland were Panama ($4.97B), China ($6.17B), and Chile ($1.34B).

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

Comparative Advantage Finland - Ecuador

Flow
Scale

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

During 2022, Finland had a large net trade with Ecuador in the exports of Paper Goods ($38.4M), Chemical Products ($7.79M), and Machines ($6.01M).

During 2022, Ecuador had a large net trade with Finland in the exports of Mineral Products ($186M), Vegetable Products ($11.7M), and Foodstuffs ($6.62M).

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 Finland has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Finland.

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

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