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2023
Exports $71.5kWorld Rnk 114 / 199
Flag Rnk 561 / 1002
2023
Destination $25k Chile
2022 - 2023
FASTEST GROWING MARKET $25kChile
2023
PRODUCT COMPLEXITY IN Motor-working Tools1.34Rnk 73 / 1025
2023
Imports $24.7MWorld Rnk 55 / 225
Flag Rnk 192 / 1173
2023
Origin $536k China
2022 - 2023
FASTEST GROWING ORIGIN $536kChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $71.5k in Motor-working Tools, making it the 114th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 561st most exported product in Ecuador. The main destination of Motor-working Tools exports from Ecuador are: Chile ($25k), Italy ($11.1k), United States ($10.9k), Panama ($8.5k), and Colombia ($7.75k).

The fastest growing export markets for Motor-working Tools of Ecuador between 2022 and 2023 were Chile ($25k), Italy ($11.1k), and Panama ($8.39k).

Imports In 2023, Ecuador imported $24.7M in Motor-working Tools, becoming the 55th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 192nd most imported product in Ecuador. Ecuador imports Motor-working Tools primarily from: China ($9.36M), Brazil ($6.37M), United States ($2.45M), Germany ($2.33M), and Japan ($1.76M).

The fastest growing import markets in Motor-working Tools for Ecuador between 2022 and 2023 were China ($536k), Thailand ($165k), and Australia ($140k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Motor-working Tools exports accounted up to $18 and imports accounted up to $4.81M, resulting in a negative trade balance of $4.81M. Between November 2020 and December 2021 the exports of Ecuador's   Motor-working Tools have decreased by $-92.1k (-100%) from $92.1k to $18, while imports increased by $656k (15.8%) from $4.16M to $4.81M.

Destinations In December 2021, Motor-working Tools were exported mostly to Panama ($18), and were imported mostly from China ($3M), Brazil ($710k), United States ($465k), Japan ($368k), and Germany ($57.9k).

Growth In December 2021, the decrease in Motor-working Tools's year-by-year exports was explained primarily by a decrease in exports to Panama ($-8.91k or -98.8%). In December 2021, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from China ($985k or 53.1%), Germany ($224k or 358%), and Canada ($29.5k or 454%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$-92.1k(-100%)
IMPORT GROWTH (December 2020 - December 2021)$656k(15.8%)
MAIN DESTINATION (December 2021)Panama$18

This section shows Motor-working 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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$71.5k
IMPORTS (2023)$24.7M
NET TRADE (2023)-$24.6M

In 2023, Ecuador exported $71.5k in Motor-working Tools. The main destinations of Ecuador exports on Motor-working Tools were Chile ($25k), Italy ($11.1k), United States ($10.9k), Panama ($8.5k), and Colombia ($7.75k).

In 2023, Ecuador imported $24.7M in Motor-working Tools, mainly from China ($9.36M), Brazil ($6.37M), United States ($2.45M), Germany ($2.33M), and Japan ($1.76M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Chile$25k (1%)
Italy$11.1k (1%)
Panama$8.39k (7.56k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Ecuador WERE (2022 - 2023):
Canada-$124k (-100%)
Peru-$95k (-97.1%)
Spain-$53.2k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Motor-working Tools were:
China $3.15B
Germany $1.17B
United States $712M
In 2023, Ecuador's main importing competitors in Motor-working Tools were:
United States $1.37B
Germany $482M
Mexico $458M

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $115k
TOP IMPORT POTENTIALChina+ $6.3M

Motor-working Tools’s highest export potential is United States. With an export gap of $115k.   Motor-working Tools’s highest import potential is China with an import gap of $6.3M.

See methodology.

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