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2022
Exports $330kWorld Rnk 91 / 179
Flag Rnk 404 / 1017
2022
Destination $109k Colombia
2021 - 2022
FASTEST GROWING MARKET $109kColombia
2022
PRODUCT COMPLEXITY IN Compasses0.89Rnk 212 / 1025
2022
Imports $3.87MWorld Rnk 81 / 211
Flag Rnk 541 / 1175
2022
Origin $565k United States
2021 - 2022
FASTEST GROWING ORIGIN $565kNetherlands
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $330k in Compasses, making it the 91st largest exporter of Compasses in the world. At the same year, Compasses was the 404th most exported product in Ecuador. The main destination of Compasses exports from Ecuador are: Colombia ($119k), United States ($109k), El Salvador ($53.7k), Guatemala ($14.1k), and Netherlands ($10.7k).

The fastest growing export markets for Compasses of Ecuador between 2021 and 2022 were Colombia ($109k), El Salvador ($53.7k), and United States ($15.6k).

Imports In 2022, Ecuador imported $3.87M in Compasses, becoming the 81st largest importer of Compasses in the world. At the same year, Compasses was the 541st most imported product in Ecuador. Ecuador imports Compasses primarily from: United States ($1.08M), Netherlands ($621k), Germany ($478k), France ($378k), and Norway ($332k).

The fastest growing import markets in Compasses for Ecuador between 2021 and 2022 were Netherlands ($565k), Germany ($474k), and France ($378k).

Latest Trends

October 2021

About

Overview In October 2021 Ecuador's Compasses exports accounted up to $7.5k and imports accounted up to $544k, resulting in a negative trade balance of $536k. Between February 2020 and October 2021 the exports of Ecuador's   Compasses have decreased by $-2.3k (-23.4%) from $9.8k to $7.5k, while imports increased by $430k (378%) from $114k to $544k.

Destinations In October 2021, Compasses were exported mostly to , and were imported mostly from Spain ($344k), United States ($126k), Peru ($62.8k), Japan ($9.26k), and China ($1.24k).

Growth In October 2021, the decrease in Compasses's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from China ($115 or 2.34k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2020 - October 2021)$-2.3k(-23.4%)
IMPORT GROWTH (December 2020 - December 2021)$430k(378%)
MAIN DESTINATION (October 2021)

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$330k
IMPORTS (2022)$3.87M
NET TRADE (2022)-$3.54M

In 2022, Ecuador exported $330k in Compasses. The main destinations of Ecuador exports on Compasses were Colombia ($119k), United States ($109k), El Salvador ($53.7k), Guatemala ($14.1k), and Netherlands ($10.7k).

In 2022, Ecuador imported $3.87M in Compasses, mainly from United States ($1.08M), Netherlands ($621k), Germany ($478k), France ($378k), and Norway ($332k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$109k (1.09k%)
El Salvador$53.7k (1%)
United States$15.6k (16.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Ecuador WERE (2021 - 2022):
France-$98.8k (-100%)
Guatemala-$2.14k (-13.2%)
Cyprus-$224 (-80.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Compasses were:
United States $1.62B
United Kingdom $1.13B
France $911M
In 2022, Ecuador's main importing competitors in Compasses were:
United States $1.53B
United Kingdom $571M
France $529M

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $200k
TOP IMPORT POTENTIALUnited States+ $412k

Compasses’s highest export potential is United States. With an export gap of $200k.   Compasses’s highest import potential is United States with an import gap of $412k.

See methodology.

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