2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186

About

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 5 years the exports of Ecuador to Bermuda have increased at an annualized rate of 64%, from $19.4k in 2017 to $230k in 2022.

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

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 5 years the exports of Bermuda to Ecuador have increased at an annualized rate of 25.2%,  from $20.1k in 2017 to $96.6k in 2022.

In 2022, Bermuda 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, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $230k in 2022.

In 2017, Bermuda exported $96.6k to Ecuador. The main products exported from Bermuda to Ecuador were Railway Cargo Containers ($96.6k). During the last 5 years the exports of Bermuda to Ecuador have increased at an annualized rate of 25.2%, from $20.1k in 2022 to $96.6k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Bermuda
Top Destination
Zambia$17.5M

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

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

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

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

Comparative Advantage Ecuador - Bermuda

Flow
Scale

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

During 2022, 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).

During 2017, Bermuda had a large net trade with Ecuador in the exports of Transportation ($96.6k).

Economic Complexity

Competitive Landscape

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

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

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