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2022
Exports $39.5kWorld Rnk 95 / 203
Flag Rnk 644 / 1017
2022
Destination $8.62k Papua New Guinea
2021 - 2022
FASTEST GROWING MARKET $8.62kColombia
2022
PRODUCT COMPLEXITY IN Hand Tools0.83Rnk 235 / 1025
2022
Imports $8.64MWorld Rnk 57 / 220
Flag Rnk 400 / 1175
2022
Origin $257k China
2021 - 2022
FASTEST GROWING ORIGIN $257kIndia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $39.5k in Hand Tools, making it the 95th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 644th most exported product in Ecuador. The main destination of Hand Tools exports from Ecuador are: Papua New Guinea ($15.4k), Colombia ($9.87k), Dominican Republic ($6.39k), Germany ($5.05k), and Vietnam ($872).

The fastest growing export markets for Hand Tools of Ecuador between 2021 and 2022 were Colombia ($8.62k), Dominican Republic ($6.39k), and Germany ($5.05k).

Imports In 2022, Ecuador imported $8.64M in Hand Tools, becoming the 57th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 400th most imported product in Ecuador. Ecuador imports Hand Tools primarily from: China ($3.95M), Colombia ($2.39M), United States ($771k), India ($373k), and Mexico ($209k).

The fastest growing import markets in Hand Tools for Ecuador between 2021 and 2022 were India ($257k), China ($152k), and Germany ($41.6k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Hand Tools exports accounted up to $188 and imports accounted up to $750k, resulting in a negative trade balance of $749k. Between October 2020 and December 2021 the exports of Ecuador's   Hand Tools have increased by $76.2 (68.1%) from $112 to $188, while imports increased by $236k (46%) from $513k to $750k.

Destinations In December 2021, Hand Tools were exported mostly to Peru ($167), Rest of the world ($12.7), and Panama ($9), and were imported mostly from China ($392k), Colombia ($214k), United States ($60.1k), Chinese Taipei ($45.6k), and Brazil ($11.7k).

Growth In December 2021, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Hand Tools's year-by-year imports was explained primarily by an increase in imports from Switzerland ($130k or 136%), Colombia ($116k or 255%), and China ($35.4k or 13.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - December 2021)$76.2(68.1%)
IMPORT GROWTH (December 2020 - December 2021)$236k(46%)
MAIN DESTINATION (December 2021)Peru$167

This section shows Hand Tools'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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$39.5k
IMPORTS (2022)$8.64M
NET TRADE (2022)-$8.6M

In 2022, Ecuador exported $39.5k in Hand Tools. The main destinations of Ecuador exports on Hand Tools were Papua New Guinea ($15.4k), Colombia ($9.87k), Dominican Republic ($6.39k), Germany ($5.05k), and Vietnam ($872).

In 2022, Ecuador imported $8.64M in Hand Tools, mainly from China ($3.95M), Colombia ($2.39M), United States ($771k), India ($373k), and Mexico ($209k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$8.62k (689%)
Dominican Republic$6.39k (319k%)
Germany$5.05k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Ecuador WERE (2021 - 2022):
United States-$8.37k (-100%)
United Kingdom-$4.63k (-97.5%)
Mexico-$1.38k (-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 Hand Tools were:
China $1.12B
Germany $462M
Chinese Taipei $202M
In 2022, Ecuador's main importing competitors in Hand Tools were:
United States $552M
Germany $197M
France $121M

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.92k
TOP IMPORT POTENTIALChina+ $454k

Hand Tools’s highest export potential is Germany. With an export gap of $4.92k.   Hand Tools’s highest import potential is China with an import gap of $454k.

See methodology.

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