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2022
Exports $1.4MWorld Rnk 89 / 223
Flag Rnk 235 / 1017
2022
Destination $386k Netherlands
2021 - 2022
FASTEST GROWING MARKET $386kNetherlands
2022
PRODUCT COMPLEXITY IN Engine Parts0.92Rnk 203 / 1025
2022
Imports $107MWorld Rnk 57 / 224
Flag Rnk 48 / 1175
2022
Origin $7.14MN/A
2021 - 2022
FASTEST GROWING ORIGIN $7.14MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.4M in Engine Parts, making it the 89th largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 235th most exported product in Ecuador. The main destination of Engine Parts exports from Ecuador are: Netherlands ($551k), United States ($420k), Panama ($148k), Belgium ($71.3k), and Argentina ($42.1k).

The fastest growing export markets for Engine Parts of Ecuador between 2021 and 2022 were Netherlands ($386k), Panama ($123k), and Belgium ($65.4k).

Imports In 2022, Ecuador imported $107M in Engine Parts, becoming the 57th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 48th most imported product in Ecuador. Ecuador imports Engine Parts primarily from: N/A.

The fastest growing import markets in Engine Parts for Ecuador between 2021 and 2022 were China ($7.14M), Japan ($2.82M), and Indonesia ($1.55M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Engine Parts exports accounted up to $182k and imports accounted up to $8.04M, resulting in a negative trade balance of $7.86M. Between December 2020 and December 2021 the exports of Ecuador's   Engine Parts have increased by $59.3k (48.4%) from $123k to $182k, while imports increased by $791k (10.9%) from $7.25M to $8.04M.

Destinations In December 2021, Engine Parts were exported mostly to United States ($138k), Netherlands ($26.7k), Panama ($13.8k), Belgium ($1.54k), and Bolivia ($1.26k), and were imported mostly from China ($2.28M), United States ($1.85M), South Korea ($769k), Japan ($763k), and Germany ($490k).

Growth In December 2021, the increase in Engine Parts's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Engine Parts's year-by-year imports was explained primarily by an increase in imports from United States ($363k or 33.1%), China ($162k or 11.5%), and Indonesia ($117k or 188%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$59.3k(48.4%)
IMPORT GROWTH (December 2020 - December 2021)$791k(10.9%)
MAIN DESTINATION (December 2021)United States$138k

This section shows Engine Parts's exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Engine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.4M
IMPORTS (2022)$107M
NET TRADE (2022)-$106M

In 2022, Ecuador exported $1.4M in Engine Parts. The main destinations of Ecuador exports on Engine Parts were Netherlands ($551k), United States ($420k), Panama ($148k), Belgium ($71.3k), and Argentina ($42.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Netherlands$386k (235%)
Panama$123k (500%)
Belgium$65.4k (1.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Ecuador WERE (2021 - 2022):
United States-$353k (-45.7%)
Peru-$72.1k (-82.8%)
Saudi Arabia-$21.1k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Engine Parts were:
Germany $13B
China $7.96B
Japan $6.08B
In 2022, Ecuador's main importing competitors in Engine Parts were:
United States $13.5B
Germany $5.9B
Mexico $3.67B

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.08M
TOP IMPORT POTENTIALChina+ $7.34M

Engine Parts’s highest export potential is United States. With an export gap of $2.08M.   Engine Parts’s highest import potential is China with an import gap of $7.34M.

See methodology.

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