2022
Exports
$310kWorld Rnk 89 / 219
Flag Rnk 414 / 1017
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$31MWorld Rnk 65 / 220
Flag Rnk 176 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $310k in Ball Bearings, making it the 89th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 414th most exported product in Ecuador. The main destination of Ball Bearings exports from Ecuador are: Peru ($66.9k), Colombia ($64k), South Africa ($54.1k), United States ($23.7k), and Panama ($21.5k).

The fastest growing export markets for Ball Bearings of Ecuador between 2021 and 2022 were Peru ($54.4k), South Africa ($52.9k), and Colombia ($40.1k).

Imports In 2022, Ecuador imported $31M in Ball Bearings, becoming the 65th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 176th most imported product in Ecuador. Ecuador imports Ball Bearings primarily from: China ($11.8M), United States ($5M), Japan ($2.82M), Germany ($1.32M), and South Korea ($1.24M).

The fastest growing import markets in Ball Bearings for Ecuador between 2021 and 2022 were China ($1.61M), Panama ($628k), and Singapore ($475k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-18k(-70.8%)
IMPORT GROWTH (December 2020 - December 2021)$-99.6k(-3.06%)
MAIN DESTINATION (December 2021)United States$3.58k

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$310k
IMPORTS (2022)$31M
NET TRADE (2022)-$30.7M

In 2022, Ecuador exported $310k in Ball Bearings. The main destinations of Ecuador exports on Ball Bearings were Peru ($66.9k), Colombia ($64k), South Africa ($54.1k), United States ($23.7k), and Panama ($21.5k).

In 2022, Ecuador imported $31M in Ball Bearings, mainly from China ($11.8M), United States ($5M), Japan ($2.82M), Germany ($1.32M), and South Korea ($1.24M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$54.4k (433%)
South Africa$52.9k (4.2k%)
Colombia$40.1k (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Ecuador WERE (2021 - 2022):
Canada-$36.5k (-99.9%)
Chile-$21.3k (-52.5%)
United States-$20.4k (-46.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Ecuador's main importing competitors in Ball Bearings were:

Explore Visualizations

Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Africa+ $20.2k
TOP IMPORT POTENTIALChina+ $2.74M

Ball Bearings’s highest export potential is South Africa. With an export gap of $20.2k.   Ball Bearings’s highest import potential is China with an import gap of $2.74M.

See methodology.

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