Benin (BEN) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Benin-Ecuador Trade: In 2018, Benin exported $5.4k to Ecuador. The main products that Benin exported to Ecuador were N/A. Over the past 6 years the exports of Benin to Ecuador have decreased at an annualized rate of 48.4%, from $285k in 2012 to $5.4k in 2018.

In 2018, Benin did not export any services to Ecuador.

Ecuador-Benin Trade: In 2018, Ecuador exported $2.3M to Benin. The main products that Ecuador exported to Benin were Non-fillet Frozen Fish ($2.29M), Used Clothing ($4.67k), and Broadcasting Equipment ($179). Over the past 6 years the exports of Ecuador to Benin have increased at an annualized rate of 8.68%, from $286k in 2012 to $2.3M in 2018.

In 2018, Ecuador did not export any services to Benin.

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Benin exported $5.4k to Ecuador. There were not main exports from Benin to Ecuador in 2018. During the last 6 years the exports of Benin to Ecuador have decreased at an annualized rate of 48.4%, from $285k in 2012 to $5.4k in 2018.

In 2017, Ecuador exported $2.3M to Benin. The main products exported from Ecuador to Benin were Non-fillet Frozen Fish ($2.29M), Used Clothing ($4.67k), and Broadcasting Equipment ($179). During the last 5 years the exports of Ecuador to Benin have increased at an annualized rate of 8.68%, from $286k in 2022 to $2.3M in 2017.

Exports from Benin () to Ecuador () (2022)

Exports from Ecuador () to Benin () (2022)

Latest Data

Trade between Benin () and Ecuador ()

Benin Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Benin than Ecuador included Bangladesh ($406M), United Arab Emirates ($382M), and Egypt ($41.7M).

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

Difference in imports from Ecuador () and Benin () (2022)

Comparative Advantage Benin - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Benin had a large net trade with Ecuador in the exports of .

During 2017, Ecuador had a large net trade with Benin in the exports of Animal Products ($2.29M), Textiles ($4.67k), and Machines ($179).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Ecuador+$3.08kRefined Petroleum

Top Product Potential Ecuador Benin+$8.88kNon-fillet Frozen Fish

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

Year

This visualization shows the product space at the HS4 level with the flags of Benin and Ecuador. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Benin.

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Ecuador () (2022)

Exports from Ecuador () to Benin () (2022)

Latest Data

Trade between Benin () and Ecuador ()

Benin Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Benin () (2022)

Comparative Advantage Benin - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Ecuador () (2022)

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