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2023
Exports $20.5kWorld Rnk 105 / 193
Flag Rnk 712 / 1002
2023
Destination $2.99k Colombia
2022 - 2023
FASTEST GROWING MARKET $2.99kKazakhstan
2023
PRODUCT COMPLEXITY IN Electrical Resistors0.83Rnk 235 / 1025
2023
Imports $3.49MWorld Rnk 74 / 215
Flag Rnk 540 / 1173
2023
Origin $139k China
2022 - 2023
FASTEST GROWING ORIGIN $139kChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $20.5k in Electrical Resistors, making it the 105th largest exporter of Electrical Resistors in the world. At the same year, Electrical Resistors was the 712th most exported product in Ecuador. The main destination of Electrical Resistors exports from Ecuador are: Colombia ($6.11k), Kazakhstan ($2.99k), United States ($1.9k), Peru ($1.49k), and Angola ($1.25k).

The fastest growing export markets for Electrical Resistors of Ecuador between 2022 and 2023 were Kazakhstan ($2.99k), United States ($1.79k), and Peru ($1.29k).

Imports In 2023, Ecuador imported $3.49M in Electrical Resistors, becoming the 74th largest importer of Electrical Resistors in the world. At the same year, Electrical Resistors was the 540th most imported product in Ecuador. Ecuador imports Electrical Resistors primarily from: China ($2.54M), United States ($255k), Mexico ($215k), Brazil ($96.3k), and Germany ($64.3k).

The fastest growing import markets in Electrical Resistors for Ecuador between 2022 and 2023 were China ($139k), Brazil ($29.9k), and Canada ($11k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Electrical Resistors exports accounted up to $28.2 and imports accounted up to $268k, resulting in a negative trade balance of $268k. Between November 2020 and December 2021 the exports of Ecuador's   Electrical Resistors have decreased by $-46.7 (-62.4%) from $74.9 to $28.2, while imports decreased by $-22.6k (-7.79%) from $290k to $268k.

Destinations In December 2021, Electrical Resistors were exported mostly to Dominican Republic ($28.2), and were imported mostly from Mexico ($115k), China ($56.7k), United States ($45.8k), Italy ($12.8k), and Vietnam ($9.11k).

Growth In December 2021, the decrease in Electrical Resistors's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Electrical Resistors's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-3.26k or -95.3%), Colombia ($-2.05k or -82.5%), and Thailand ($-1.62k or -88.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$-46.7(-62.4%)
IMPORT GROWTH (December 2020 - December 2021)$-22.6k(-7.79%)
MAIN DESTINATION (December 2021)Dominican Republic$28.2

This section shows Electrical Resistors'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 Resistors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.5k
IMPORTS (2023)$3.49M
NET TRADE (2023)-$3.47M

In 2023, Ecuador exported $20.5k in Electrical Resistors. The main destinations of Ecuador exports on Electrical Resistors were Colombia ($6.11k), Kazakhstan ($2.99k), United States ($1.9k), Peru ($1.49k), and Angola ($1.25k).

In 2023, Ecuador imported $3.49M in Electrical Resistors, mainly from China ($2.54M), United States ($255k), Mexico ($215k), Brazil ($96.3k), and Germany ($64.3k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Resistors EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Kazakhstan$2.99k (1%)
United States$1.79k (1.61k%)
Peru$1.29k (657%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Resistors BY Ecuador WERE (2022 - 2023):
Poland-$7.76k (-97.5%)
Colombia-$5.68k (-48.2%)
Germany-$1.14k (-78%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Electrical Resistors were:
China $2.63B
Germany $1.31B
Japan $1.31B
In 2023, Ecuador's main importing competitors in Electrical Resistors were:
China $1.39B
Germany $1.07B
Hong Kong $1.04B

Explore Visualizations

Trade Value of Electrical Resistors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $6.29k
TOP IMPORT POTENTIALChina+ $190k

Electrical Resistors’s highest export potential is Poland. With an export gap of $6.29k.   Electrical Resistors’s highest import potential is China with an import gap of $190k.

See methodology.

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