2022
Exports
$4.19MWorld Rnk 102 / 226
Flag Rnk 141 / 1017
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$329MWorld Rnk 67 / 225
Flag Rnk 14 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $4.19M in Motor vehicles; parts and accessories (8701 to 8705), making it the 102nd largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 141st most exported product in Ecuador. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Ecuador are: Colombia ($2.44M), United Arab Emirates ($690k), United States ($470k), Kuwait ($204k), and Peru ($78.5k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Ecuador between 2021 and 2022 were Colombia ($1.14M), United Arab Emirates ($260k), and Kuwait ($146k).

Imports In 2022, Ecuador imported $329M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 67th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 14th most imported product in Ecuador. Ecuador imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($120M), South Korea ($40.1M), United States ($32.8M), Thailand ($28.1M), and Japan ($23.5M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Ecuador between 2021 and 2022 were China ($35.5M), Thailand ($9.49M), and South Korea ($7.88M).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$109k(320%)
IMPORT GROWTH (December 2020 - December 2021)$6.98M(46.6%)
MAIN DESTINATION (December 2021)Colombia$105k

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.19M
IMPORTS (2022)$329M
NET TRADE (2022)-$325M

In 2022, Ecuador exported $4.19M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Ecuador exports on Motor vehicles; parts and accessories (8701 to 8705) were Colombia ($2.44M), United Arab Emirates ($690k), United States ($470k), Kuwait ($204k), and Peru ($78.5k).

In 2022, Ecuador imported $329M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($120M), South Korea ($40.1M), United States ($32.8M), Thailand ($28.1M), and Japan ($23.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$1.14M (87.9%)
Kuwait$146k (252%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Ecuador WERE (2021 - 2022):
Slovakia-$148k (-100%)
Czechia-$65.2k (-98.5%)
Canada-$60.8k (-84.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Ecuador's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

Explore Visualizations

Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $287k
TOP IMPORT POTENTIALChina+ $36.7M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Colombia. With an export gap of $287k.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $36.7M.

See methodology.

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