Bangladesh (BGD) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Bangladesh-Ecuador Trade: In 2023, Bangladesh exported $42.1M to Ecuador. The main products that Bangladesh exported to Ecuador were Knit T-shirts ($7.3M), Non-Knit Men's Suits ($5.93M), and Non-Knit Women's Suits ($5.81M). Over the past 5 years the exports of Bangladesh to Ecuador have increased at an annualized rate of 19.8%, from $17.1M in 2018 to $42.1M in 2023.

In 2023, Bangladesh did not export any services to Ecuador.

Ecuador-Bangladesh Trade: In 2023, Ecuador exported $1.42M to Bangladesh. The main products that Ecuador exported to Bangladesh were Animal Meal and Pellets ($1.05M), Fish Oil ($337k), and Rough Wood ($32.2k). Over the past 5 years the exports of Ecuador to Bangladesh have increased at an annualized rate of 23.4%, from $496k in 2018 to $1.42M in 2023.

In 2023, Ecuador did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $42.1M to Ecuador. The main products exported from Bangladesh to Ecuador were Knit T-shirts ($7.3M), Non-Knit Men's Suits ($5.93M), and Non-Knit Women's Suits ($5.81M). During the last 5 years the exports of Bangladesh to Ecuador have increased at an annualized rate of 19.8%, from $17.1M in 2018 to $42.1M in 2023.

In 2018, Ecuador exported $1.42M to Bangladesh. The main products exported from Ecuador to Bangladesh were Animal Meal and Pellets ($1.05M), Fish Oil ($337k), and Rough Wood ($32.2k). During the last 5 years the exports of Ecuador to Bangladesh have increased at an annualized rate of 23.4%, from $496k in 2023 to $1.42M in 2018.

Exports from Bangladesh () to Ecuador () (2023)

Exports from Ecuador () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Bangladesh than Ecuador included Germany ($8.28B), United Kingdom ($4.25B), and Spain ($3.95B).

In 2023, countries that imported more from Ecuador than Bangladesh included China ($7.96B), Panama ($4.38B), and Peru ($1.15B).

Difference in imports from Ecuador () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Ecuador in the exports of Textiles ($39.3M), Footwear and Headwear ($1.51M), and Chemical Products ($709k).

During 2018, Ecuador had a large net trade with Bangladesh in the exports of Foodstuffs ($1.05M), Animal and Vegetable Bi-Products ($337k), and Wood Products ($32.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Ecuador+$3.57kKnit T-shirts

Top Product Potential Ecuador Bangladesh+$6.82kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Ecuador () (2023)

Exports from Ecuador () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ecuador ()

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Ecuador () (2023)

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