Bhutan (BTN) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Bhutan-Ecuador Trade: In 2022, Bhutan exported $2.05k to Ecuador. The main products that Bhutan exported to Ecuador were Other Knit Clothing Accessories ($1.77k), Ball Bearings ($256), and Motor vehicles; parts and accessories (8701 to 8705) ($20). Over the past 11 years the exports of Bhutan to Ecuador have decreased at an annualized rate of 10.1%, from $6.64k in 2011 to $2.05k in 2022.

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

Ecuador-Bhutan In N/A, Ecuador did not export any products to Bhutan.

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

Comparison In 2022, Bhutan ranked 177 in total exports ($392M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $2.05k to Ecuador. The main products exported from Bhutan to Ecuador were Other Knit Clothing Accessories ($1.77k), Ball Bearings ($256), and Motor vehicles; parts and accessories (8701 to 8705) ($20). During the last 5 years the exports of Bhutan to Ecuador have decreased at an annualized rate of 15.6%, from $11.5M in 2017 to $2.05k in 2022.

Ecuador does not register exports to Bhutan.

Exports from Bhutan () to Ecuador () (2022)

Exports from Ecuador () to Bhutan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Bhutan than Ecuador included Nepal ($7.44M), Malawi ($109k), and Burundi ($11.5k).

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

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

Comparative Advantage Bhutan - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with Ecuador in the exports of Textiles ($1.77k), Machines ($256), and Transportation ($20).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Ecuador () (2022)

Exports from Ecuador () to Bhutan () (2022)

Market Competitiveness

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

Comparative Advantage Bhutan - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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