Cars in Ecuador

EXPORTS (2018): $1.17M, World Rnk 114 / 209
Flag Rnk 211 / 857

TOP DESTINATION (2018): $950k, Slovakia

FASTEST GROWING MARKET (2017 - 2018): $950k, Slovakia

IMPORTS (2018): $1.15B, World Rnk 65 / 220
Flag Rnk 3 / 1149

TOP ORIGIN (2018): $269M, South Korea

FASTEST GROWING ORIGIN (2017 - 2018): $79.3M, Colombia

ECONOMIC COMPLEXITY of Ecuador (2018): -0.7, Rnk 102 / 137

PRODUCT COMPLEXITY  IN Cars (2018): 0.78, Rnk 249 / 1018

Overview: This page contains the latest trade data of Cars in Ecuador.

Exports: In 2018, Ecuador exported $1.17M in Cars, making it the 114th largest exporter of Cars in the world. At the same year, Cars was the 211th most exported product in Ecuador. The main destination of Cars exports from Ecuador are: Slovakia ($950k), Thailand ($58.5k), Chile ($49.7k), Angola ($48.6k), and Colombia ($20.5k).

The fastest growing export markets for Cars of Ecuador between 2017 and 2018 were Slovakia ($950k), Thailand ($58.5k), and Chile ($49.7k).

Imports: In 2018, Ecuador imported $1.15B in Cars, becoming the 65th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Ecuador. Ecuador imports Cars primarily from: South Korea ($269M), China ($177M), Mexico ($141M), Colombia ($135M), and Japan ($108M).

The fastest growing import markets in Cars for Ecuador between 2017 and 2018 were Colombia ($79.3M), Mexico ($35M), and China ($31.4M).

Tariffs: In 2018, the average tariff for Ecuador in Cars was 35.4%. The countries with the highest import tariffs for Cars were Cyprus (38.8%), Austria (38.8%), Belgium (38.8%), Bulgaria (38.8%), and Czechia (38.8%).

Value

EXPORTS (2018): $1.17M

IMPORTS (2018): $1.15B

NET TRADE (2018): -$1.15B

In 2018, Ecuador exported $1.17M in Cars. The main destinations of Ecuador exports on Cars were Slovakia ($950k), Thailand ($58.5k), Chile ($49.7k), Angola ($48.6k), and Colombia ($20.5k).

In 2018, Ecuador imported $1.15B in Cars, mainly from South Korea ($269M), China ($177M), Mexico ($141M), Colombia ($135M), and Japan ($108M).

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IN 2018, Ecuador HAD A POSITIVE NET TRADE IN Cars WITH:

  • Angola, $37.5k ($48.6k - $11.1k)
  • Costa Rica, $11.4k ($11.4k - $0)
  • Albania, $6.63k ($6.63k - $0)

IN 2018, Ecuador HAD A NEGATIVE NET TRADE IN Cars WITH:

  • South Korea, -$269M ($0 - $269M)
  • China, -$177M ($0 - $177M)
  • Mexico, -$141M ($0 - $141M)
Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Ecuador WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Ecuador WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Ecuador's main exporting competitors in Cars were:

In 2018, Ecuador's main importing competitors in Cars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars in Ecuador. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Ecuador in Cars was 35.4%.

The countries with the highest tariffs for Cars in Ecuador were Cyprus (38.8%), Austria (38.8%), Belgium (38.8%), Bulgaria (38.8%), and Czechia (38.8%).

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