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2022
Exports $1.05kWorld Rnk 123 / 145
Flag Rnk 898 / 1017
2022
Destination $550 United States
2021 - 2022
FASTEST GROWING MARKET $550United States
2022
PRODUCT COMPLEXITY IN Electrical Insulators0.63Rnk 303 / 1025
2022
Imports $4.88MWorld Rnk 72 / 207
Flag Rnk 499 / 1175
2022
Origin $651k Colombia
2021 - 2022
FASTEST GROWING ORIGIN $651kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.05k in Electrical Insulators, making it the 123rd largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 898th most exported product in Ecuador. The main destination of Electrical Insulators exports from Ecuador are: United States ($689) and Panama ($357).

The fastest growing export markets for Electrical Insulators of Ecuador between 2021 and 2022 were United States ($550) and Panama ($354).

Imports In 2022, Ecuador imported $4.88M in Electrical Insulators, becoming the 72nd largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 499th most imported product in Ecuador. Ecuador imports Electrical Insulators primarily from: Colombia ($1.89M), China ($1.5M), United States ($622k), Brazil ($352k), and Mexico ($249k).

The fastest growing import markets in Electrical Insulators for Ecuador between 2021 and 2022 were China ($651k), Brazil ($111k), and Mexico ($111k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Electrical Insulators exports accounted up to $2.75 and imports accounted up to $266k, resulting in a negative trade balance of $266k. Between September 2018 and December 2021 the exports of Ecuador's   Electrical Insulators have decreased by $-407 (-99.3%) from $410 to $2.75, while imports decreased by $-189k (-41.5%) from $455k to $266k.

Destinations In December 2021, Electrical Insulators were exported mostly to Panama ($2.75), and were imported mostly from Colombia ($112k), United States ($64.3k), Brazil ($51.6k), Peru ($22.2k), and China ($12.3k).

Growth In December 2021, the decrease in Electrical Insulators's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Electrical Insulators's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-184k or -94.6%) and Mexico ($-15k or -59.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2018 - December 2021)$-407(-99.3%)
IMPORT GROWTH (December 2020 - December 2021)$-189k(-41.5%)
MAIN DESTINATION (December 2021)Panama$2.75

This section shows Electrical Insulators'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 Electrical Insulators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.05k
IMPORTS (2022)$4.88M
NET TRADE (2022)-$4.88M

In 2022, Ecuador exported $1.05k in Electrical Insulators. The main destinations of Ecuador exports on Electrical Insulators were United States ($689) and Panama ($357).

In 2022, Ecuador imported $4.88M in Electrical Insulators, mainly from Colombia ($1.89M), China ($1.5M), United States ($622k), Brazil ($352k), and Mexico ($249k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$550 (396%)
Panama$354 (11.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Ecuador WERE (2021 - 2022):
Peru-$942 (-100%)
Czechia-$522 (-100%)
Guatemala-$200 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Electrical Insulators were:
China $727M
United States $242M
Germany $217M
In 2022, Ecuador's main importing competitors in Electrical Insulators were:
United States $438M
Germany $163M
Mexico $125M

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Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $470
TOP IMPORT POTENTIALChina+ $404k

Electrical Insulators’s highest export potential is United States. With an export gap of $470.   Electrical Insulators’s highest import potential is China with an import gap of $404k.

See methodology.

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