Cars in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $951k in Cars, making it the 136th largest exporter of Cars in the world. At the same year, Cars was the 275th most exported product in Ecuador. The main destination of Cars exports from Ecuador are: Peru ($220k), United States ($194k), Cuba ($154k), Colombia ($66.6k), and Paraguay ($61.9k).

The fastest growing export markets for Cars of Ecuador between 2021 and 2022 were Cuba ($154k), United States ($153k), and Peru ($145k).

Imports In 2022, Ecuador imported $1.26B in Cars, becoming the 66th 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: China ($393M), Brazil ($184M), Colombia ($108M), India ($104M), and South Korea ($82.4M).

The fastest growing import markets in Cars for Ecuador between 2021 and 2022 were China ($108M), Brazil ($102M), and India ($64.3M).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (1) were at the forefront of shipping Cars from Ecuador to the United States.

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Cars exports accounted up to $400 and imports accounted up to $81.7M, resulting in a negative trade balance of $81.7M. Between January 2018 and December 2021 the exports of Ecuador's Cars have decreased by $-3.1k (-88.6%) from $3.5k to $400, while imports increased by $10.4M (14.7%) from $71.2M to $81.7M.

Destinations In December 2021, Cars were exported mostly to Colombia ($400), and were imported mostly from China ($33M), Brazil ($11M), Colombia ($7.5M), South Korea ($7.1M), and Germany ($5.47M).

Growth In December 2021, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from India ($3.02M or 213%), China ($2.4M or 25.2%), and United Kingdom ($2.29M or 172%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2018 - December 2021)$-3.1k(-88.6%)

IMPORT GROWTH (December 2020 - December 2021)$10.4M(14.7%)

MAIN DESTINATION (December 2021)Colombia$400

This section shows Cars'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 Cars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$951k

IMPORTS (2022)$1.26B

NET TRADE (2022)-$1.26B

In 2022, Ecuador exported $951k in Cars. The main destinations of Ecuador exports on Cars were Peru ($220k), United States ($194k), Cuba ($154k), Colombia ($66.6k), and Paraguay ($61.9k).

In 2022, Ecuador imported $1.26B in Cars, mainly from China ($393M), Brazil ($184M), Colombia ($108M), India ($104M), and South Korea ($82.4M).

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