2023
Exports
$495kWorld Rnk 88 / 218
Flag Rnk 335 / 1002
2023
PRODUCT COMPLEXITY IN Ball Bearings
1.17Rnk 116 / 1025
2023
Imports
$38.8MWorld Rnk 64 / 221
Flag Rnk 129 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $495k in Ball Bearings, making it the 88th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 335th most exported product in Ecuador. The main destination of Ball Bearings exports from Ecuador are: South Africa ($205k), Netherlands ($67.9k), Brunei ($59.1k), United States ($49.8k), and Malaysia ($24.5k).

The fastest growing export markets for Ball Bearings of Ecuador between 2022 and 2023 were South Africa ($151k), Netherlands ($63.6k), and Brunei ($59.1k).

Imports In 2023, Ecuador imported $38.8M in Ball Bearings, becoming the 64th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 129th most imported product in Ecuador. Ecuador imports Ball Bearings primarily from: China ($11.7M), Japan ($6.22M), United States ($5.43M), Germany ($2.36M), and South Korea ($1.69M).

The fastest growing import markets in Ball Bearings for Ecuador between 2022 and 2023 were Germany ($593k), Austria ($273k), and United Kingdom ($215k).

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 (2023)$495k
IMPORTS (2023)$38.8M
NET TRADE (2023)-$38.3M

In 2023, Ecuador exported $495k in Ball Bearings. The main destinations of Ecuador exports on Ball Bearings were South Africa ($205k), Netherlands ($67.9k), Brunei ($59.1k), United States ($49.8k), and Malaysia ($24.5k).

In 2023, Ecuador imported $38.8M in Ball Bearings, mainly from China ($11.7M), Japan ($6.22M), United States ($5.43M), Germany ($2.36M), and South Korea ($1.69M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
South Africa$151k (279%)
Netherlands$63.6k (1.5k%)
Brunei$59.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Ecuador WERE (2022 - 2023):
Peru-$54k (-80.8%)
Colombia-$21.3k (-57%)
Panama-$18.3k (-86.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, 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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