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2023
Flag → Flag
Exports $1.42MRnk 110 / 174
2023
Flag → Flag
Top Product $1.05MAnimal Meal and Pellets
2023
Flag → Flag
Exports $42.1MRnk 61 / 138
2023
Flag → Flag
Top Product $7.3MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
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GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

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.

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.

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

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.42M in 2023.

In 2018, 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 2023 to $42.1M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Bangladesh
Top DestinationUnited States$8.58B

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

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

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

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 2023, 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).

During 2018, Bangladesh had a large net trade with Ecuador in the exports of Textiles ($39.3M), Footwear and Headwear ($1.51M), and Chemical Products ($709k).

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) (2023)

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