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Pricing

2022
Flag → Flag
Exports $1.03MRnk 115 / 170
2022
Flag → Flag
Top Product $445kAnimal Meal and Pellets
2022
Flag → Flag
Exports $29.9MRnk 65 / 139
2022
Flag → Flag
Top Product $5.12MKnit T-shirts
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
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GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Ecuador-Bangladesh Trade: In 2022, Ecuador exported $1.03M to Bangladesh. The main products that Ecuador exported to Bangladesh were Animal Meal and Pellets ($445k), Rough Wood ($344k), and Cocoa Paste ($110k). Over the past 5 years the exports of Ecuador to Bangladesh have decreased at an annualized rate of 4.93%, from $1.32M in 2017 to $1.03M in 2022.

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

Bangladesh-Ecuador Trade: In 2022, Bangladesh exported $29.9M to Ecuador. The main products that Bangladesh exported to Ecuador were Knit T-shirts ($5.12M), Non-Knit Men's Suits ($4.33M), and Non-Knit Women's Suits ($3.92M). Over the past 5 years the exports of Bangladesh to Ecuador have increased at an annualized rate of 17.5%,  from $13.4M in 2017 to $29.9M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $23k and imported $2.19M from Bangladesh, resulting in a negative trade balance of $2.17M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-11.2k (-32.8%) from $34.3k to $23k, while imports increased by $253k (13.1%) from $1.94M to $2.19M.

Trade In December 2021, the top exports of Ecuador to Bangladesh were Rough Wood ($34.3k). In December 2021 the top imports of Ecuador from Bangladesh were Knit T-shirts ($152k), Non-Knit Men's Suits ($119k), Non-Knit Women's Suits ($107k), Knit Sweaters ($103k), and Non-Knit Men's Coats ($71.4k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($23k), while imports destinations were mainly Quito ($1.19M), Guayaquil-Marítimo ($936k), Guayaquil-Aéreo ($29.2k), Tulcán ($21.6k), and Cuenca ($15.8k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Other Knit Garments ($12.4k or 231%), Trunks and Cases ($3.97k or 1.01k%), and Non-Knit Active Wear ($3.96k or 4.74k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-11.2k(-32.8%)
IMPORT GROWTH (December 2020 - December 2021)$253k(13.1%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$23k

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Bangladesh and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $1.03M to Bangladesh. The main products exported from Ecuador to Bangladesh were Animal Meal and Pellets ($445k), Rough Wood ($344k), and Cocoa Paste ($110k). During the last 5 years the exports of Ecuador to Bangladesh have decreased at an annualized rate of 4.93%, from $1.32M in 2017 to $1.03M in 2022.

In 2017, Bangladesh exported $29.9M to Ecuador. The main products exported from Bangladesh to Ecuador were Knit T-shirts ($5.12M), Non-Knit Men's Suits ($4.33M), and Non-Knit Women's Suits ($3.92M). During the last 5 years the exports of Bangladesh to Ecuador have increased at an annualized rate of 17.5%, from $13.4M in 2022 to $29.9M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Ecuador than Bangladesh included China ($6.17B), Panama ($4.97B), and Chile ($1.34B).

In 2022, countries that imported more from Bangladesh than Ecuador included Germany ($10.2B), United Kingdom ($4.86B), and Poland ($3.53B).

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

Comparative Advantage Ecuador - Bangladesh

Flow
Scale

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

During 2022, Ecuador had a large net trade with Bangladesh in the exports of Foodstuffs ($559k), Wood Products ($387k), and Animal and Vegetable Bi-Products ($74.9k).

During 2017, Bangladesh had a large net trade with Ecuador in the exports of Textiles ($27.3M), Chemical Products ($1.21M), and Footwear and Headwear ($741k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Bangladesh+$6.82kRefined Petroleum
Top Product Potential Bangladesh Ecuador+$3.57kKnit T-shirts

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

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

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

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