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2022
Exports $30.4MWorld Rnk 76 / 225
Flag Rnk 34 / 95
2022
Destination $3.72M Colombia
2021 - 2022
FASTEST GROWING MARKET $3.72MColombia
2022
PRODUCT COMPLEXITY IN Footwear-0.49Rnk 696 / 1025
2022
Imports $190MWorld Rnk 80 / 225
Flag Rnk 25 / 96
2022
Origin $24.9M China
2021 - 2022
FASTEST GROWING ORIGIN $24.9MBrazil
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $30.4M in Footwear, making it the 76th largest exporter of Footwear in the world. At the same year, Footwear was the 34th most exported product in Ecuador. The main destination of Footwear exports from Ecuador are: Colombia ($22.2M), Peru ($7.08M), Chile ($280k), Bolivia ($210k), and Paraguay ($103k).

The fastest growing export markets for Footwear of Ecuador between 2021 and 2022 were Colombia ($3.72M), Bolivia ($147k), and Norway ($41.7k).

Imports In 2022, Ecuador imported $190M in Footwear, becoming the 80th largest importer of Footwear in the world. At the same year, Footwear was the 25th most imported product in Ecuador. Ecuador imports Footwear primarily from: China ($62.3M), Brazil ($55.5M), Vietnam ($25.1M), Indonesia ($13.2M), and Colombia ($12.7M).

The fastest growing import markets in Footwear for Ecuador between 2021 and 2022 were Brazil ($24.9M), China ($22.8M), and Indonesia ($3.32M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Footwear exports accounted up to $2.49M and imports accounted up to $19.9M, resulting in a negative trade balance of $17.4M. Between December 2020 and December 2021 the exports of Ecuador's   Footwear have increased by $406k (19.5%) from $2.08M to $2.49M, while imports increased by $4.76M (31.6%) from $15.1M to $19.9M.

Destinations In December 2021, Footwear were exported mostly to Colombia ($1.68M), Peru ($764k), Chile ($35.4k), Nicaragua ($4.85k), and Panama ($2.33k), and were imported mostly from China ($6.21M), Brazil ($5.56M), Indonesia ($2.59M), Vietnam ($2.48M), and Colombia ($1.22M).

Growth In December 2021, the increase in Footwear's year-by-year exports was explained primarily by an increase in exports to Peru ($276k or 40.9%) and Chile ($24k or 51.9%). In December 2021, the increase in Footwear's year-by-year imports was explained primarily by an increase in imports from Italy ($79.1k or 561%), Portugal ($78.6k or 334%), and Pakistan ($5.62k or 1.3k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$406k(19.5%)
IMPORT GROWTH (December 2020 - December 2021)$4.76M(31.6%)
MAIN DESTINATION (December 2021)Colombia$1.68M

This section shows Footwear'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 Footwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.4M
IMPORTS (2022)$190M
NET TRADE (2022)-$159M

In 2022, Ecuador exported $30.4M in Footwear. The main destinations of Ecuador exports on Footwear were Colombia ($22.2M), Peru ($7.08M), Chile ($280k), Bolivia ($210k), and Paraguay ($103k).

In 2022, Ecuador imported $190M in Footwear, mainly from China ($62.3M), Brazil ($55.5M), Vietnam ($25.1M), Indonesia ($13.2M), and Colombia ($12.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$3.72M (20.1%)
Bolivia$147k (233%)
Norway$41.7k (1.27k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear BY Ecuador WERE (2021 - 2022):
Peru-$746k (-9.53%)
United States-$98.5k (-51.3%)
Hong Kong-$78.5k (-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 Footwear were:
China $63.5B
Vietnam $27.2B
Italy $13.1B
In 2022, Ecuador's main importing competitors in Footwear were:
United States $34B
Germany $15B
France $8.93B

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Trade Value of Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.84M
TOP IMPORT POTENTIALChina+ $14.8M

Footwear’s highest export potential is United States. With an export gap of $1.84M.   Footwear’s highest import potential is China with an import gap of $14.8M.

See methodology.

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