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2022
Exports $681kWorld Rnk 58 / 154
Flag Rnk 310 / 1017
2022
Destination $179k Colombia
2021 - 2022
FASTEST GROWING MARKET $179kColombia
2022
PRODUCT COMPLEXITY IN Artificial Filament Sewing Thread-0.37Rnk 665 / 1025
2022
Imports $3.25MWorld Rnk 78 / 202
Flag Rnk 567 / 1175
2022
Origin $860k China
2021 - 2022
FASTEST GROWING ORIGIN $860kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $681k in Artificial Filament Sewing Thread, making it the 58th largest exporter of Artificial Filament Sewing Thread in the world. At the same year, Artificial Filament Sewing Thread was the 310th most exported product in Ecuador. The main destination of Artificial Filament Sewing Thread exports from Ecuador are: Colombia ($492k), Chile ($130k), Mexico ($37k), Panama ($11.6k), and Costa Rica ($5.64k).

The fastest growing export markets for Artificial Filament Sewing Thread of Ecuador between 2021 and 2022 were Colombia ($179k), Mexico ($32.5k), and Peru ($2.9k).

Imports In 2022, Ecuador imported $3.25M in Artificial Filament Sewing Thread, becoming the 78th largest importer of Artificial Filament Sewing Thread in the world. At the same year, Artificial Filament Sewing Thread was the 567th most imported product in Ecuador. Ecuador imports Artificial Filament Sewing Thread primarily from: China ($2.13M), Colombia ($644k), Brazil ($166k), South Korea ($137k), and Chinese Taipei ($70.8k).

The fastest growing import markets in Artificial Filament Sewing Thread for Ecuador between 2021 and 2022 were China ($860k), Colombia ($232k), and Chinese Taipei ($41.4k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Artificial Filament Sewing Thread exports accounted up to $91.5k and imports accounted up to $108k, resulting in a negative trade balance of $16.2k. Between December 2020 and December 2021 the exports of Ecuador's   Artificial Filament Sewing Thread have increased by $75k (454%) from $16.5k to $91.5k, while imports decreased by $-160k (-59.8%) from $268k to $108k.

Destinations In December 2021, Artificial Filament Sewing Thread were exported mostly to Colombia ($89.1k) and Costa Rica ($2.35k), and were imported mostly from China ($84k), Colombia ($20k), and Germany ($3.7k).

Growth In December 2021, the increase in Artificial Filament Sewing Thread's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Artificial Filament Sewing Thread's year-by-year imports was explained primarily by a decrease in imports from Colombia ($-18.7k or -52.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$75k(454%)
IMPORT GROWTH (December 2020 - December 2021)$-160k(-59.8%)
MAIN DESTINATION (December 2021)Colombia$89.1k

This section shows Artificial Filament Sewing Thread'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 Artificial Filament Sewing Thread over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$681k
IMPORTS (2022)$3.25M
NET TRADE (2022)-$2.57M

In 2022, Ecuador exported $681k in Artificial Filament Sewing Thread. The main destinations of Ecuador exports on Artificial Filament Sewing Thread were Colombia ($492k), Chile ($130k), Mexico ($37k), Panama ($11.6k), and Costa Rica ($5.64k).

In 2022, Ecuador imported $3.25M in Artificial Filament Sewing Thread, mainly from China ($2.13M), Colombia ($644k), Brazil ($166k), South Korea ($137k), and Chinese Taipei ($70.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Filament Sewing Thread EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$179k (56.9%)
Mexico$32.5k (708%)
Peru$2.9k (400%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Filament Sewing Thread BY Ecuador WERE (2021 - 2022):
Chile-$81.7k (-38.6%)
Panama-$12.9k (-52.7%)
United States-$101 (-97.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Artificial Filament Sewing Thread were:
China $493M
Germany $170M
United States $109M
In 2022, Ecuador's main importing competitors in Artificial Filament Sewing Thread were:
Mexico $97.6M
Germany $82.7M
Vietnam $68.9M

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Trade Value of Artificial Filament Sewing Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $7.66k
TOP IMPORT POTENTIALChina+ $95.5k

Artificial Filament Sewing Thread’s highest export potential is Peru. With an export gap of $7.66k.   Artificial Filament Sewing Thread’s highest import potential is China with an import gap of $95.5k.

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