Insulated Wire in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $69.8M in Insulated Wire, making it the 75th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 33rd most exported product in Ecuador. The main destination of Insulated Wire exports from Ecuador are: United States ($58.5M), Colombia ($6.28M), Peru ($958k), Greece ($827k), and Panama ($782k).

The fastest growing export markets for Insulated Wire of Ecuador between 2021 and 2022 were United States ($20.8M), Colombia ($4.87M), and Greece ($790k).

Imports In 2022, Ecuador imported $175M in Insulated Wire, becoming the 78th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 30th most imported product in Ecuador. Ecuador imports Insulated Wire primarily from: China ($67.9M), Colombia ($38.3M), United States ($22.9M), Chile ($17.4M), and Brazil ($8.04M).

The fastest growing import markets in Insulated Wire for Ecuador between 2021 and 2022 were China ($19.8M), United States ($3.99M), and Chile ($2.68M).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Insulated Wire from Ecuador to the United States.

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Insulated Wire exports accounted up to $2.2M and imports accounted up to $14M, resulting in a negative trade balance of $11.8M. Between December 2020 and December 2021 the exports of Ecuador's Insulated Wire have decreased by $-1.4M (-38.9%) from $3.6M to $2.2M, while imports increased by $4.76M (51.3%) from $9.27M to $14M.

Destinations In December 2021, Insulated Wire were exported mostly to United States ($2.1M), Greece ($37.6k), Bolivia ($30.7k), Chile ($19.8k), and Belgium ($7.69k), and were imported mostly from Colombia ($4.33M), China ($3.71M), United States ($1.62M), Turkey ($1.18M), and Chile ($811k).

Growth In December 2021, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.79M or -41.3%), Colombia ($-49.5k or -32.8%), and Mexico ($-4.8k or -51.2%). In December 2021, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from Colombia ($955k or 59.8%), Chile ($650k or 101%), and Brazil ($480k or 117%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$-1.4M(-38.9%)

IMPORT GROWTH (December 2020 - December 2021)$4.76M(51.3%)

MAIN DESTINATION (December 2021)United States$2.1M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$69.8M

IMPORTS (2022)$175M

NET TRADE (2022)-$105M

In 2022, Ecuador exported $69.8M in Insulated Wire. The main destinations of Ecuador exports on Insulated Wire were United States ($58.5M), Colombia ($6.28M), Peru ($958k), Greece ($827k), and Panama ($782k).

In 2022, Ecuador imported $175M in Insulated Wire, mainly from China ($67.9M), Colombia ($38.3M), United States ($22.9M), Chile ($17.4M), and Brazil ($8.04M).

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