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2022
Exports $776kWorld Rnk 60 / 183
Flag Rnk 298 / 1017
2022
Destination $76.8k United States
2021 - 2022
FASTEST GROWING MARKET $76.8kUnited States
2022
PRODUCT COMPLEXITY IN Basketwork-1.47Rnk 944 / 1025
2022
Imports $554kWorld Rnk 89 / 216
Flag Rnk 861 / 1175
2022
Origin $161k China
2021 - 2022
FASTEST GROWING ORIGIN $161kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $776k in Basketwork, making it the 60th largest exporter of Basketwork in the world. At the same year, Basketwork was the 298th most exported product in Ecuador. The main destination of Basketwork exports from Ecuador are: United States ($320k), United Kingdom ($103k), Italy ($55.2k), Switzerland ($38.7k), and United Arab Emirates ($37k).

The fastest growing export markets for Basketwork of Ecuador between 2021 and 2022 were United States ($76.8k), Switzerland ($35.1k), and Italy ($20.8k).

Imports In 2022, Ecuador imported $554k in Basketwork, becoming the 89th largest importer of Basketwork in the world. At the same year, Basketwork was the 861st most imported product in Ecuador. Ecuador imports Basketwork primarily from: China ($371k), India ($52.6k), Spain ($50.1k), Thailand ($35.7k), and Indonesia ($17.8k).

The fastest growing import markets in Basketwork for Ecuador between 2021 and 2022 were China ($161k), Thailand ($35.7k), and India ($35.2k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Basketwork exports accounted up to $78.5k and imports accounted up to $9.31k, resulting in a positive trade balance of $69.2k. Between December 2020 and December 2021 the exports of Ecuador's   Basketwork have increased by $44.2k (129%) from $34.3k to $78.5k, while imports increased by $8.49k (1.03k%) from $827 to $9.31k.

Destinations In December 2021, Basketwork were exported mostly to United States ($55.8k), China ($5.47k), France ($4.29k), Lebanon ($3.78k), and Germany ($2.77k), and were imported mostly from France ($7.83k), Vietnam ($1.12k), and China ($371).

Growth In December 2021, the increase in Basketwork's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Basketwork's year-by-year imports was explained primarily by an increase in imports from China ($404 or 106%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$44.2k(129%)
IMPORT GROWTH (October 2020 - December 2021)$8.49k(1.03k%)
MAIN DESTINATION (December 2021)United States$55.8k

This section shows Basketwork'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 Basketwork over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$776k
IMPORTS (2022)$554k
NET TRADE (2022)$223k

In 2022, Ecuador exported $776k in Basketwork. The main destinations of Ecuador exports on Basketwork were United States ($320k), United Kingdom ($103k), Italy ($55.2k), Switzerland ($38.7k), and United Arab Emirates ($37k).

In 2022, Ecuador imported $554k in Basketwork, mainly from China ($371k), India ($52.6k), Spain ($50.1k), Thailand ($35.7k), and Indonesia ($17.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$76.8k (31.6%)
Switzerland$35.1k (971%)
Italy$20.8k (60.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Ecuador WERE (2021 - 2022):
Spain-$26.2k (-86.8%)
United Kingdom-$17.6k (-14.6%)
Greece-$9.51k (-72.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Basketwork were:
China $1.3B
Vietnam $407M
India $158M
In 2022, Ecuador's main importing competitors in Basketwork were:
United States $910M
Germany $217M
United Kingdom $161M

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $259k
TOP IMPORT POTENTIALChina+ $178k

Basketwork’s highest export potential is United States. With an export gap of $259k.   Basketwork’s highest import potential is China with an import gap of $178k.

See methodology.

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