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2022
Flag → Flag
Exports $96.6kRnk 22 / 89
2022
Flag → Flag
Top Product $96.6kRailway Cargo Containers
2022
Flag → Flag
Exports $230kRnk 129 / 170
2022
Flag → Flag
Top Product $43.7kCassava
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Bermuda-Ecuador Trade: In 2022, Bermuda exported $96.6k to Ecuador. The main products that Bermuda exported to Ecuador were Railway Cargo Containers ($96.6k). Over the past 9 years the exports of Bermuda to Ecuador have increased at an annualized rate of 16.1%, from $25.1k in 2013 to $96.6k in 2022.

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

Ecuador-Bermuda Trade: In 2022, Ecuador exported $230k to Bermuda. The main products that Ecuador exported to Bermuda were Cassava ($43.7k), Interior Decorative Glassware ($28.9k), and Plastic Housewares ($16.5k). Over the past 9 years the exports of Ecuador to Bermuda have increased at an annualized rate of 64%,  from $19.4k in 2013 to $230k in 2022.

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

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. 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, Bermuda exported $96.6k to Ecuador. The main products exported from Bermuda to Ecuador were Railway Cargo Containers ($96.6k). During the last 9 years the exports of Bermuda to Ecuador have increased at an annualized rate of 16.1%, from $25.1k in 2013 to $96.6k in 2022.

In 2017, Ecuador exported $230k to Bermuda. The main products exported from Ecuador to Bermuda were Cassava ($43.7k), Interior Decorative Glassware ($28.9k), and Plastic Housewares ($16.5k). During the last 5 years the exports of Ecuador to Bermuda have increased at an annualized rate of 64%, from $19.4k in 2022 to $230k in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Ecuador (Flag)

Ecuador Exports

Date

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Ecuador
Top DestinationUnited States$9.86B

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 2022, countries that imported more from Bermuda than Ecuador included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

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

Comparative Advantage Bermuda - Ecuador

Flow
Scale

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

During 2022, Bermuda had a large net trade with Ecuador in the exports of Transportation ($96.6k).

During 2017, Ecuador had a large net trade with Bermuda in the exports of Vegetable Products ($44.1k), Stone And Glass ($41.3k), and Miscellaneous ($27.4k).

Economic Complexity

Competitive Landscape

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.

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

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