Cars in Ecuador 2021 Exports | Imports : $635k | $878M, World Rnk 139 / 218 Rnk 303 / 984 | World Rnk 68 / 226 Rnk 3 / 1165
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $139k | $175M, Colombia | China
2021 ECONOMIC COMPLEXITY of Ecuador: -0.89, Rnk 104 / 131
2021 PRODUCT COMPLEXITY IN Cars: 0.9, Rnk 202 / 1029
Exports In 2021, Ecuador exported $635k in Cars, making it the 139th largest exporter of Cars in the world. At the same year, Cars was the 303rd most exported product in Ecuador. The main destination of Cars exports from Ecuador are: Colombia ($223k), Peru ($75k), Netherlands ($63.5k), Germany ($54.5k), and Finland ($44.9k).
The fastest growing export markets for Cars of Ecuador between 2020 and 2021 were Colombia ($139k), Netherlands ($63.5k), and Germany ($47.6k).
Imports In 2021, Ecuador imported $878M in Cars, becoming the 68th 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 ($285M), Colombia ($86.1M), Brazil ($81.3M), South Korea ($81.1M), and Mexico ($59.1M).
The fastest growing import markets in Cars for Ecuador between 2020 and 2021 were China ($175M), Brazil ($56.9M), and South Korea ($32.6M).
Tariffs In 2018, the average tariff for Ecuador in Cars was 35.4%. The countries with the highest import tariffs for Cars were Cyprus (Most Favoured Nation duty rate treatment, 38.8%), Austria (Most Favoured Nation duty rate treatment, 38.8%), Belgium (Most Favoured Nation duty rate treatment, 38.8%), Bulgaria (Most Favoured Nation duty rate treatment, 38.8%), and Czechia (Most Favoured Nation duty rate treatment, 38.8%).
December 2021
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%).
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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EXPORTS (2021): $635k
IMPORTS (2021): $878M
NET TRADE (2021): -$878M
In 2021, Ecuador exported $635k in Cars. The main destinations of Ecuador exports on Cars were Colombia ($223k), Peru ($75k), Netherlands ($63.5k), Germany ($54.5k), and Finland ($44.9k).
In 2021, Ecuador imported $878M in Cars, mainly from China ($285M), Colombia ($86.1M), Brazil ($81.3M), South Korea ($81.1M), and Mexico ($59.1M).
THE FASTEST GROWING Cars EXPORT MARKETS FOR Ecuador WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Ecuador WERE (2020 - 2021):
In 2021, Ecuador's main exporting competitors in Cars were:
In 2021, Ecuador's main importing competitors in Cars were:
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