2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
falseWorld Rnk 72 / 225
Flag Rnk 3 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported N/A in Cars, making it the 135th largest exporter of Cars in the world. At the same year, Cars was the 279th most exported product in Ecuador. The main destination of Cars exports from Ecuador are: United States ($195k), Colombia ($162k), Argentina ($88.5k), Peru ($66.9k), and Spain ($44.7k).

The fastest growing export markets for Cars of Ecuador between 2022 and 2023 were Colombia ($94.9k), Argentina ($88.5k), and Gabon ($41.4k).

Imports In 2023, Ecuador imported $1.39B in Cars, becoming the 72nd 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 ($406M), Brazil ($167M), India ($126M), Japan ($107M), and Colombia ($88.7M).

The fastest growing import markets in Cars for Ecuador between 2022 and 2023 were Japan ($52.8M), Slovakia ($24.7M), and United Kingdom ($19M).

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

Subnational Monthly Trade

Time Scale
Flow
Color
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
IMPORTS (2023)$1.39B

In N/A, Ecuador exported N/A in Cars. The main destinations of Ecuador exports on Cars were United States ($195k), Colombia ($162k), Argentina ($88.5k), Peru ($66.9k), and Spain ($44.7k).

In 2023, Ecuador imported $1.39B in Cars, mainly from China ($406M), Brazil ($167M), India ($126M), Japan ($107M), and Colombia ($88.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Colombia$94.9k (142%)
Argentina$88.5k (1%)
Gabon$41.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Ecuador WERE (2022 - 2023):
Cuba-$154k (-100%)
Peru-$153k (-69.5%)
Paraguay-$61.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Ecuador's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $110k
TOP IMPORT POTENTIALJapan+ $50.9M

Cars’s highest export potential is United States. With an export gap of $110k.   Cars’s highest import potential is Japan with an import gap of $50.9M.

See methodology.

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