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2022
Exports $1.96MWorld Rnk 84 / 209
Flag Rnk 204 / 1017
2022
Destination $266k Peru
2021 - 2022
FASTEST GROWING MARKET $266kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Other Heating Machinery1.15Rnk 116 / 1025
2022
Imports $60.2MWorld Rnk 70 / 225
Flag Rnk 87 / 1175
2022
Origin $7.52M China
2021 - 2022
FASTEST GROWING ORIGIN $7.52MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.96M in Other Heating Machinery, making it the 84th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 204th most exported product in Ecuador. The main destination of Other Heating Machinery exports from Ecuador are: Peru ($292k), United States ($278k), Colombia ($268k), United Kingdom ($266k), and Costa Rica ($245k).

The fastest growing export markets for Other Heating Machinery of Ecuador between 2021 and 2022 were United Kingdom ($266k), Costa Rica ($245k), and Dominican Republic ($236k).

Imports In 2022, Ecuador imported $60.2M in Other Heating Machinery, becoming the 70th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 87th most imported product in Ecuador. Ecuador imports Other Heating Machinery primarily from: China ($15.4M), United States ($9.58M), Netherlands ($6.26M), Brazil ($4.45M), and Chinese Taipei ($3.38M).

The fastest growing import markets in Other Heating Machinery for Ecuador between 2021 and 2022 were China ($7.52M), Netherlands ($3.87M), and Brazil ($2.29M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Other Heating Machinery exports accounted up to $166 and imports accounted up to $2.29M, resulting in a negative trade balance of $2.29M. Between December 2020 and December 2021 the exports of Ecuador's   Other Heating Machinery have decreased by $-111k (-99.9%) from $111k to $166, while imports decreased by $-436k (-16%) from $2.72M to $2.29M.

Destinations In December 2021, Other Heating Machinery were exported mostly to Peru ($138) and Panama ($28), and were imported mostly from China ($987k), United States ($409k), Italy ($214k), Argentina ($108k), and Spain ($91.4k).

Growth In December 2021, the decrease in Other Heating Machinery's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Other Heating Machinery's year-by-year imports was explained primarily by a decrease in imports from United States ($-2.28M or -93.5%), China ($-420k or -39.7%), and Canada ($-404k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-111k(-99.9%)
IMPORT GROWTH (December 2020 - December 2021)$-436k(-16%)
MAIN DESTINATION (December 2021)Peru$138

This section shows Other Heating 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 Other Heating Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.96M
IMPORTS (2022)$60.2M
NET TRADE (2022)-$58.2M

In 2022, Ecuador exported $1.96M in Other Heating Machinery. The main destinations of Ecuador exports on Other Heating Machinery were Peru ($292k), United States ($278k), Colombia ($268k), United Kingdom ($266k), and Costa Rica ($245k).

In 2022, Ecuador imported $60.2M in Other Heating Machinery, mainly from China ($15.4M), United States ($9.58M), Netherlands ($6.26M), Brazil ($4.45M), and Chinese Taipei ($3.38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United Kingdom$266k (1%)
Costa Rica$245k (2.72M%)
Dominican Republic$236k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Ecuador WERE (2021 - 2022):
Colombia-$462k (-63.3%)
Peru-$154k (-34.5%)
New Zealand-$108k (-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 Other Heating Machinery were:
China $8.12B
Germany $5.79B
United States $4.51B
In 2022, Ecuador's main importing competitors in Other Heating Machinery were:
United States $7.45B
Germany $3.38B
China $2.56B

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $431k
TOP IMPORT POTENTIALChina+ $5.35M

Other Heating Machinery’s highest export potential is United States. With an export gap of $431k.   Other Heating Machinery’s highest import potential is China with an import gap of $5.35M.

See methodology.

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