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2022
Exports $5.24MWorld Rnk 32 / 153
Flag Rnk 127 / 1017
2022
Destination $1.04M Peru
2021 - 2022
FASTEST GROWING MARKET $1.04MPeru
2022
PRODUCT COMPLEXITY IN Mill Machinery0.2Rnk 485 / 1025
2022
Imports $18.7MWorld Rnk 42 / 202
Flag Rnk 250 / 1175
2022
Origin $967k China
2021 - 2022
FASTEST GROWING ORIGIN $967kBrazil
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $5.24M in Mill Machinery, making it the 32nd largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 127th most exported product in Ecuador. The main destination of Mill Machinery exports from Ecuador are: Peru ($4.25M), Bolivia ($640k), Chile ($320k), Colombia ($17.9k), and Guatemala ($9.07k).

The fastest growing export markets for Mill Machinery of Ecuador between 2021 and 2022 were Peru ($1.04M), Chile ($320k), and Bolivia ($173k).

Imports In 2022, Ecuador imported $18.7M in Mill Machinery, becoming the 42nd largest importer of Mill Machinery in the world. At the same year, Mill Machinery was the 250th most imported product in Ecuador. Ecuador imports Mill Machinery primarily from: China ($10.1M), Brazil ($2.33M), Netherlands ($1.91M), United States ($804k), and Italy ($743k).

The fastest growing import markets in Mill Machinery for Ecuador between 2021 and 2022 were Brazil ($967k), Hong Kong ($395k), and Germany ($156k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Mill Machinery exports accounted up to $293k and imports accounted up to $3.46M, resulting in a negative trade balance of $3.17M. Between October 2020 and November 2021 the exports of Ecuador's   Mill Machinery have decreased by $-98.6k (-25.2%) from $392k to $293k, while imports increased by $2.7M (356%) from $760k to $3.46M.

Destinations In November 2021, Mill Machinery were exported mostly to , and were imported mostly from China ($2.81M), Switzerland ($238k), Hong Kong ($79.5k), United States ($76.5k), and Netherlands ($71.1k).

Growth In November 2021, the decrease in Mill Machinery's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Mill Machinery's year-by-year imports was explained primarily by an increase in imports from Brazil ($112k or 146%), Denmark ($1.71k or 2.86%), and United Kingdom ($990 or 540%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - November 2021)$-98.6k(-25.2%)
IMPORT GROWTH (December 2020 - December 2021)$2.7M(356%)
MAIN DESTINATION (November 2021)

This section shows Mill Machinery'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 Mill Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.24M
IMPORTS (2022)$18.7M
NET TRADE (2022)-$13.5M

In 2022, Ecuador exported $5.24M in Mill Machinery. The main destinations of Ecuador exports on Mill Machinery were Peru ($4.25M), Bolivia ($640k), Chile ($320k), Colombia ($17.9k), and Guatemala ($9.07k).

In 2022, Ecuador imported $18.7M in Mill Machinery, mainly from China ($10.1M), Brazil ($2.33M), Netherlands ($1.91M), United States ($804k), and Italy ($743k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$1.04M (32.4%)
Chile$320k (1%)
Bolivia$173k (37.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY Ecuador WERE (2021 - 2022):
Nigeria-$274k (-100%)
El Salvador-$4k (-100%)
United States-$3.17k (-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 Mill Machinery were:
China $609M
Turkey $304M
Italy $195M
In 2022, Ecuador's main importing competitors in Mill Machinery were:
India $191M
United States $148M
Nigeria $85.8M

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $12.4k
TOP IMPORT POTENTIALUnited States+ $170k

Mill Machinery’s highest export potential is Guatemala. With an export gap of $12.4k.   Mill Machinery’s highest import potential is United States with an import gap of $170k.

See methodology.

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