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2022
Exports $68.7kWorld Rnk 101 / 202
Flag Rnk 585 / 1017
2022
Destination $14.3k Panama
2021 - 2022
FASTEST GROWING MARKET $14.3kPanama
2022
PRODUCT COMPLEXITY IN Rubber Belting0.48Rnk 373 / 1025
2022
Imports $18.2MWorld Rnk 61 / 224
Flag Rnk 256 / 1175
2022
Origin $1.92M China
2021 - 2022
FASTEST GROWING ORIGIN $1.92MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $68.7k in Rubber Belting, making it the 101st largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 585th most exported product in Ecuador. The main destination of Rubber Belting exports from Ecuador are: Panama ($14.6k), Peru ($13.5k), United States ($13k), Colombia ($11.3k), and Ukraine ($4.69k).

The fastest growing export markets for Rubber Belting of Ecuador between 2021 and 2022 were Panama ($14.3k), Peru ($6.39k), and Colombia ($5.01k).

Imports In 2022, Ecuador imported $18.2M in Rubber Belting, becoming the 61st largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 256th most imported product in Ecuador. Ecuador imports Rubber Belting primarily from: China ($5.99M), United States ($1.74M), South Korea ($1.72M), Brazil ($1.35M), and India ($1.21M).

The fastest growing import markets in Rubber Belting for Ecuador between 2021 and 2022 were China ($1.92M), South Korea ($511k), and Japan ($446k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Rubber Belting exports accounted up to $878 and imports accounted up to $2.03M, resulting in a negative trade balance of $2.03M. Between December 2020 and December 2021 the exports of Ecuador's   Rubber Belting have decreased by $-4.77k (-84.5%) from $5.65k to $878, while imports increased by $701k (52.8%) from $1.33M to $2.03M.

Destinations In December 2021, Rubber Belting were exported mostly to Rest of the world ($493), United States ($379), and Costa Rica ($5.96), and were imported mostly from China ($626k), United States ($439k), Argentina ($279k), South Korea ($163k), and India ($122k).

Growth In December 2021, the decrease in Rubber Belting's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Rubber Belting's year-by-year imports was explained primarily by an increase in imports from Italy ($37.1k or 86.2%), Romania ($22.9k or 123%), and Spain ($21.8k or 184%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-4.77k(-84.5%)
IMPORT GROWTH (December 2020 - December 2021)$701k(52.8%)
MAIN DESTINATION (December 2021)Rest of the world$493

This section shows Rubber Belting'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 Rubber Belting over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$68.7k
IMPORTS (2022)$18.2M
NET TRADE (2022)-$18.2M

In 2022, Ecuador exported $68.7k in Rubber Belting. The main destinations of Ecuador exports on Rubber Belting were Panama ($14.6k), Peru ($13.5k), United States ($13k), Colombia ($11.3k), and Ukraine ($4.69k).

In 2022, Ecuador imported $18.2M in Rubber Belting, mainly from China ($5.99M), United States ($1.74M), South Korea ($1.72M), Brazil ($1.35M), and India ($1.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Panama$14.3k (4.28k%)
Peru$6.39k (89.5%)
Colombia$5.01k (79.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Ecuador WERE (2021 - 2022):
Brazil-$126k (-100%)
United States-$19k (-59.3%)
Germany-$3k (-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 Rubber Belting were:
China $1.52B
Germany $926M
United States $480M
In 2022, Ecuador's main importing competitors in Rubber Belting were:
United States $884M
Germany $562M
Canada $287M

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.3k
TOP IMPORT POTENTIALChina+ $970k

Rubber Belting’s highest export potential is United States. With an export gap of $12.3k.   Rubber Belting’s highest import potential is China with an import gap of $970k.

See methodology.

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