HS Icon Cars in  Flag Ecuador

2019
Exports | Imports
: $585k | $855M, World Rnk 138 / 221
Flag Rnk 289 / 942 | World Rnk 70 / 225
Flag Rnk 3 / 1165

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $396k | $40.1M, Colombia |  Colombia

2019
ECONOMIC COMPLEXITY of Ecuador
: -0.7, Rnk 109 / 147

2019
PRODUCT COMPLEXITY  IN Cars
: 0.84, Rnk 237 / 1029

Exports In 2019, Ecuador exported $585k in Cars, making it the 138th largest exporter of Cars in the world. At the same year, Cars was the 289th most exported product in Ecuador. The main destination of Cars exports from Ecuador are: Colombia ($417k), Finland ($54.3k), Paraguay ($41.3k), United States ($40k), and Costa Rica ($8.32k).

The fastest growing export markets for Cars of Ecuador between 2018 and 2019 were Colombia ($396k), Finland ($54.3k), and Paraguay ($41.3k).

Imports In 2019, Ecuador imported $855M in Cars, becoming the 70th 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: Colombia ($176M), China ($147M), South Korea ($102M), Mexico ($92.5M), and Japan ($75.4M).

The fastest growing import markets in Cars for Ecuador between 2018 and 2019 were Colombia ($40.1M), Brazil ($30.1M), and Slovakia ($14M).

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 treatement, 38.8%), Austria (Most Favoured Nation duty rate treatement, 38.8%), Belgium (Most Favoured Nation duty rate treatement, 38.8%), Bulgaria (Most Favoured Nation duty rate treatement, 38.8%), and Czechia (Most Favoured Nation duty rate treatement, 38.8%).

Historical Data

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EXPORTS (2019): $585k

IMPORTS (2019): $855M

NET TRADE (2019): -$855M

In 2019, Ecuador exported $585k in Cars. The main destinations of Ecuador exports on Cars were Colombia ($417k), Finland ($54.3k), Paraguay ($41.3k), United States ($40k), and Costa Rica ($8.32k).

In 2019, Ecuador imported $855M in Cars, mainly from Colombia ($176M), China ($147M), South Korea ($102M), Mexico ($92.5M), and Japan ($75.4M).

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IN 2019, Ecuador HAD A POSITIVE NET TRADE IN Cars WITH:

IN 2019, Ecuador HAD A NEGATIVE NET TRADE IN Cars WITH:

Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Ecuador WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Ecuador WERE (2018 - 2019):

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Market Concentration

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In 2019, Ecuador's main exporting competitors in Cars were:

In 2019, Ecuador's main importing competitors in Cars were:

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Tariffs by Country

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In 2018, the average tariff for Ecuador in Cars was 35.4%.

The countries with the highest tariffs for Cars in Ecuador were Cyprus (Most Favoured Nation duty rate treatement, 38.8%), Austria (Most Favoured Nation duty rate treatement, 38.8%), Belgium (Most Favoured Nation duty rate treatement, 38.8%), Bulgaria (Most Favoured Nation duty rate treatement, 38.8%), and Czechia (Most Favoured Nation duty rate treatement, 38.8%).