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2018
Exports $39.3kWorld Rnk 78 / 120
Flag Rnk 646 / 1017
2018
Destination $31.3k Turkey
2021 - 2022
FASTEST GROWING MARKET $31.3kTurkey
2022
PRODUCT COMPLEXITY IN Knitting Machines1.1Rnk 135 / 1025
2018
Imports $7.26MWorld Rnk 50 / 191
Flag Rnk 427 / 1175
2018
Origin $2.96M China
2021 - 2022
FASTEST GROWING ORIGIN $2.96MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2018, Ecuador exported $39.3k in Knitting Machines, making it the 78th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 646th most exported product in Ecuador. The main destination of Knitting Machines exports from Ecuador are: Turkey ($31.3k), Colombia ($8k), and Panama ($21).

The fastest growing export markets for Knitting Machines of Ecuador between 2021 and 2022 were Turkey ($31.3k), Colombia ($3k), and Panama ($21).

Imports In 2022, Ecuador imported $7.26M in Knitting Machines, becoming the 50th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 427th most imported product in Ecuador. Ecuador imports Knitting Machines primarily from: China ($4.8M), Germany ($745k), Chinese Taipei ($515k), Italy ($319k), and Czechia ($215k).

The fastest growing import markets in Knitting Machines for Ecuador between 2021 and 2022 were China ($2.96M), Germany ($446k), and Chinese Taipei ($239k).

Latest Trends

April 2021

About

Overview In April 2021 Ecuador's Knitting Machines exports accounted up to $5k and imports accounted up to $821k, resulting in a negative trade balance of $816k. Between July 2016 and April 2021 the exports of Ecuador's   Knitting Machines have decreased by $-67.8k (-93.1%) from $72.8k to $5k, while imports increased by $445k (118%) from $376k to $821k.

Destinations In April 2021, Knitting Machines were exported mostly to , and were imported mostly from Chinese Taipei ($477k), China ($309k), Spain ($29.2k), India ($4.2k), and United States ($1.22k).

Growth In April 2021, the decrease in Knitting Machines's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Knitting Machines's year-by-year imports was explained primarily by an increase in imports from Japan ($618 or 573%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2016 - April 2021)$-67.8k(-93.1%)
IMPORT GROWTH (December 2020 - December 2021)$445k(118%)
MAIN DESTINATION (April 2021)

This section shows Knitting Machines'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 Knitting Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$39.3k
IMPORTS (2022)$7.26M
NET TRADE (2022)-$7.22M

In 2022, Ecuador exported $39.3k in Knitting Machines. The main destinations of Ecuador exports on Knitting Machines were Turkey ($31.3k), Colombia ($8k), and Panama ($21).

In 2022, Ecuador imported $7.26M in Knitting Machines, mainly from China ($4.8M), Germany ($745k), Chinese Taipei ($515k), Italy ($319k), and Czechia ($215k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Turkey$31.3k (1%)
Colombia$3k (60%)
Panama$21 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Ecuador WERE (2021 - 2022):Chile-$4.11k (-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 Knitting Machines were:
China $1.28B
Japan $411M
Germany $358M
In 2022, Ecuador's main importing competitors in Knitting Machines were:
India $442M
Turkey $348M
Bangladesh $239M

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $400
TOP IMPORT POTENTIALJapan+ $166k

Knitting Machines’s highest export potential is United States. With an export gap of $400.   Knitting Machines’s highest import potential is Japan with an import gap of $166k.

See methodology.

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