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Pricing

2022
Exports $2.04MWorld Rnk 93 / 223
Flag Rnk 199 / 1017
2022
Destination $231k Peru
2021 - 2022
FASTEST GROWING MARKET $231kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Centrifuges1.1Rnk 136 / 1025
2022
Imports $127MWorld Rnk 71 / 226
Flag Rnk 42 / 1175
2022
Origin $10.2M China
2021 - 2022
FASTEST GROWING ORIGIN $10.2MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $2.04M in Centrifuges, making it the 93rd largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 199th most exported product in Ecuador. The main destination of Centrifuges exports from Ecuador are: Peru ($407k), Argentina ($247k), United Kingdom ($236k), Colombia ($173k), and Switzerland ($160k).

The fastest growing export markets for Centrifuges of Ecuador between 2021 and 2022 were United Kingdom ($231k), Peru ($218k), and Switzerland ($160k).

Imports In 2022, Ecuador imported $127M in Centrifuges, becoming the 71st largest importer of Centrifuges in the world. At the same year, Centrifuges was the 42nd most imported product in Ecuador. Ecuador imports Centrifuges primarily from: China ($42.1M), United States ($22.9M), Germany ($15.6M), Indonesia ($9M), and Mexico ($5.46M).

The fastest growing import markets in Centrifuges for Ecuador between 2021 and 2022 were China ($10.2M), Indonesia ($2.37M), and United States ($1.29M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Centrifuges exports accounted up to $45.3k and imports accounted up to $8.99M, resulting in a negative trade balance of $8.94M. Between December 2020 and December 2021 the exports of Ecuador's   Centrifuges have decreased by $-150k (-76.8%) from $195k to $45.3k, while imports increased by $621k (7.43%) from $8.37M to $8.99M.

Destinations In December 2021, Centrifuges were exported mostly to United States ($20.6k), Nicaragua ($8.22k), Peru ($6.75k), Belgium ($3.95k), and Rest of the world ($2.73k), and were imported mostly from China ($1.91M), United States ($1.42M), Germany ($1.08M), Mexico ($981k), and Malta ($465k).

Growth In December 2021, the decrease in Centrifuges's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-154k or -96%) and Peru ($-1.46k or -23.8%). In December 2021, the increase in Centrifuges's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($119k or 499%), Czechia ($70.5k or 207%), and Spain ($61k or 47.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-150k(-76.8%)
IMPORT GROWTH (December 2020 - December 2021)$621k(7.43%)
MAIN DESTINATION (December 2021)United States$20.6k

This section shows Centrifuges'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 Centrifuges over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.04M
IMPORTS (2022)$127M
NET TRADE (2022)-$124M

In 2022, Ecuador exported $2.04M in Centrifuges. The main destinations of Ecuador exports on Centrifuges were Peru ($407k), Argentina ($247k), United Kingdom ($236k), Colombia ($173k), and Switzerland ($160k).

In 2022, Ecuador imported $127M in Centrifuges, mainly from China ($42.1M), United States ($22.9M), Germany ($15.6M), Indonesia ($9M), and Mexico ($5.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United Kingdom$231k (5.24k%)
Peru$218k (116%)
Switzerland$160k (214k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Ecuador WERE (2021 - 2022):
Mexico-$534k (-90%)
Azerbaijan-$462k (-100%)
United States-$399k (-82.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Centrifuges were:
Germany $15.5B
United States $12.8B
China $12.6B
In 2022, Ecuador's main importing competitors in Centrifuges were:
United States $13.6B
Germany $7.14B
China $4.85B

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $369k
TOP IMPORT POTENTIALChina+ $8.57M

Centrifuges’s highest export potential is United States. With an export gap of $369k.   Centrifuges’s highest import potential is China with an import gap of $8.57M.

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