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Pricing

2022
Exports $509kWorld Rnk 89 / 200
Flag Rnk 352 / 1017
2022
Destination $75.8k United States
2021 - 2022
FASTEST GROWING MARKET $75.8kPanama
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $34.8MWorld Rnk 57 / 220
Flag Rnk 159 / 1175
2022
Origin $8.03M Spain
2021 - 2022
FASTEST GROWING ORIGIN $8.03MSpain
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $509k in Navigation Equipment, making it the 89th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 352nd most exported product in Ecuador. The main destination of Navigation Equipment exports from Ecuador are: United States ($143k), Colombia ($106k), Panama ($75.8k), Canada ($66.8k), and El Salvador ($43k).

The fastest growing export markets for Navigation Equipment of Ecuador between 2021 and 2022 were Panama ($75.8k), Canada ($66.8k), and El Salvador ($43k).

Imports In 2022, Ecuador imported $34.8M in Navigation Equipment, becoming the 57th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 159th most imported product in Ecuador. Ecuador imports Navigation Equipment primarily from: Spain ($20.5M), China ($5.62M), United States ($2.27M), Netherlands ($1.52M), and Hong Kong ($514k).

The fastest growing import markets in Navigation Equipment for Ecuador between 2021 and 2022 were Spain ($8.03M), China ($1.59M), and Canada ($263k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Navigation Equipment exports accounted up to $184k and imports accounted up to $3.41M, resulting in a negative trade balance of $3.22M. Between November 2020 and December 2021 the exports of Ecuador's   Navigation Equipment have decreased by $-21.6k (-10.5%) from $206k to $184k, while imports increased by $1.26M (59%) from $2.14M to $3.41M.

Destinations In December 2021, Navigation Equipment were exported mostly to Rest of the world ($184k), and were imported mostly from Spain ($2.54M), China ($266k), United States ($165k), Israel ($130k), and Slovakia ($103k).

Growth In December 2021, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from Spain ($449k or 99.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$-21.6k(-10.5%)
IMPORT GROWTH (December 2020 - December 2021)$1.26M(59%)
MAIN DESTINATION (December 2021)Rest of the world$184k

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$509k
IMPORTS (2022)$34.8M
NET TRADE (2022)-$34.3M

In 2022, Ecuador exported $509k in Navigation Equipment. The main destinations of Ecuador exports on Navigation Equipment were United States ($143k), Colombia ($106k), Panama ($75.8k), Canada ($66.8k), and El Salvador ($43k).

In 2022, Ecuador imported $34.8M in Navigation Equipment, mainly from Spain ($20.5M), China ($5.62M), United States ($2.27M), Netherlands ($1.52M), and Hong Kong ($514k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Panama$75.8k (1%)
Canada$66.8k (1%)
El Salvador$43k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Ecuador WERE (2021 - 2022):
Colombia-$62.8k (-37.1%)
Argentina-$55.6k (-100%)
Ireland-$15k (-72.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, Ecuador's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $35.9k
TOP IMPORT POTENTIALChina+ $2.02M

Navigation Equipment’s highest export potential is Canada. With an export gap of $35.9k.   Navigation Equipment’s highest import potential is China with an import gap of $2.02M.

See methodology.

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