Bermuda (BMU) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Bermuda-Ecuador Trade: In 2023, Bermuda exported $23.3k to Ecuador. The main products that Bermuda exported to Ecuador were Railway Cargo Containers ($23.3k). Over the past 7 years the exports of Bermuda to Ecuador have increased at an annualized rate of 37.7%, from $2.49k in 2016 to $23.3k in 2023.

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

Ecuador-Bermuda Trade: In 2023, Ecuador exported $55.5k to Bermuda. The main products that Ecuador exported to Bermuda were Other Wood Articles ($55.5k). Over the past 7 years the exports of Ecuador to Bermuda have increased at an annualized rate of 102%, from $1.64k in 2016 to $55.5k in 2023.

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

Comparison In 2023, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. 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, Bermuda exported $23.3k to Ecuador. The main products exported from Bermuda to Ecuador were Railway Cargo Containers ($23.3k). During the last 7 years the exports of Bermuda to Ecuador have increased at an annualized rate of 37.7%, from $2.49k in 2016 to $23.3k in 2023.

In 2018, Ecuador exported $55.5k to Bermuda. The main products exported from Ecuador to Bermuda were Other Wood Articles ($55.5k). During the last 5 years the exports of Ecuador to Bermuda have increased at an annualized rate of 102%, from $1.64k in 2023 to $55.5k in 2018.

Exports from Bermuda () to Ecuador () (2023)

Exports from Ecuador () to Bermuda () (2023)

Latest Data

Trade between Bermuda () and Ecuador ()

Ecuador Exports

Date

Jul 2015

Jul 2013

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationGermany$101M

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Bermuda than Ecuador included South Africa ($96.3M), Angola ($4.49M), and Zambia ($1.45M).

In 2023, countries that imported more from Ecuador than Bermuda included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Bermuda - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bermuda had a large net trade with Ecuador in the exports of Transportation ($23.3k).

During 2018, Ecuador had a large net trade with Bermuda in the exports of Wood Products ($55.5k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Ecuador () (2023)

Exports from Ecuador () to Bermuda () (2023)

Latest Data

Trade between Bermuda () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Bermuda - Ecuador

Economic Complexity

Competitive Landscape

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

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