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Pricing

2022
Exports $5.22MWorld Rnk 83 / 216
Flag Rnk 128 / 1017
2022
Destination $1.4M Colombia
2021 - 2022
FASTEST GROWING MARKET $1.4MColombia
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions1.9Rnk 10 / 1025
2022
Imports $120MWorld Rnk 73 / 225
Flag Rnk 45 / 1175
2022
Origin $19M China
2021 - 2022
FASTEST GROWING ORIGIN $19MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $5.22M in Machinery Having Individual Functions, making it the 83rd largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 128th most exported product in Ecuador. The main destination of Machinery Having Individual Functions exports from Ecuador are: Colombia ($2.02M), Brazil ($545k), Mexico ($500k), Peru ($446k), and Vietnam ($261k).

The fastest growing export markets for Machinery Having Individual Functions of Ecuador between 2021 and 2022 were Colombia ($1.4M), Brazil ($501k), and Mexico ($378k).

Imports In 2022, Ecuador imported $120M in Machinery Having Individual Functions, becoming the 73rd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 45th most imported product in Ecuador. Ecuador imports Machinery Having Individual Functions primarily from: China ($46.7M), United States ($22.1M), Italy ($10.2M), Germany ($6.3M), and Brazil ($6.03M).

The fastest growing import markets in Machinery Having Individual Functions for Ecuador between 2021 and 2022 were China ($19M), United States ($8.35M), and Brazil ($2.13M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Machinery Having Individual Functions exports accounted up to $102k and imports accounted up to $9.71M, resulting in a negative trade balance of $9.61M. Between December 2020 and December 2021 the exports of Ecuador's   Machinery Having Individual Functions have decreased by $-10.4k (-9.21%) from $112k to $102k, while imports increased by $4.39M (82.7%) from $5.31M to $9.71M.

Destinations In December 2021, Machinery Having Individual Functions were exported mostly to Colombia ($43k), Brazil ($40.9k), Venezuela ($11.5k), Nigeria ($5.43k), and United States ($1.3k), and were imported mostly from China ($3.82M), United States ($1.94M), Mexico ($1.01M), Brazil ($706k), and Germany ($636k).

Growth In December 2021, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-59.4k or -95.4%) and United States ($-53.9k or -80.9%). In December 2021, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Brazil ($958k or 278%), China ($536k or 41.1%), and Spain ($201k or 55.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-10.4k(-9.21%)
IMPORT GROWTH (December 2020 - December 2021)$4.39M(82.7%)
MAIN DESTINATION (December 2021)Colombia$43k

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.22M
IMPORTS (2022)$120M
NET TRADE (2022)-$115M

In 2022, Ecuador exported $5.22M in Machinery Having Individual Functions. The main destinations of Ecuador exports on Machinery Having Individual Functions were Colombia ($2.02M), Brazil ($545k), Mexico ($500k), Peru ($446k), and Vietnam ($261k).

In 2022, Ecuador imported $120M in Machinery Having Individual Functions, mainly from China ($46.7M), United States ($22.1M), Italy ($10.2M), Germany ($6.3M), and Brazil ($6.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$1.4M (226%)
Brazil$501k (1.14k%)
Mexico$378k (311%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Ecuador WERE (2021 - 2022):
Chile-$313k (-99.4%)
Panama-$143k (-87.2%)
Egypt-$133k (-87.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Machinery Having Individual Functions were:
Japan $38.5B
United States $33.1B
Germany $20.9B
In 2022, Ecuador's main importing competitors in Machinery Having Individual Functions were:
China $40.8B
United States $26B
South Korea $22.1B

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $239k
TOP IMPORT POTENTIALChina+ $7.75M

Machinery Having Individual Functions’s highest export potential is Colombia. With an export gap of $239k.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $7.75M.

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