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2023
Exports $138kWorld Rnk 90 / 205
Flag Rnk 490 / 1002
2023
Destination $49.8k Peru
2022 - 2023
FASTEST GROWING MARKET $49.8kPeru
2023
PRODUCT COMPLEXITY IN Rubber Belting0.51Rnk 368 / 1025
2023
Imports $17.7MWorld Rnk 63 / 225
Flag Rnk 249 / 1173
2023
Origin $348k China
2022 - 2023
FASTEST GROWING ORIGIN $348kMexico
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $138k in Rubber Belting, making it the 90th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 490th most exported product in Ecuador. The main destination of Rubber Belting exports from Ecuador are: Peru ($53.7k), United States ($26.8k), Colombia ($25.4k), Brazil ($16.6k), and Thailand ($7.07k).

The fastest growing export markets for Rubber Belting of Ecuador between 2022 and 2023 were Peru ($49.8k), Colombia ($18.2k), and Brazil ($16.6k).

Imports In 2023, Ecuador imported $17.7M in Rubber Belting, becoming the 63rd largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 249th most imported product in Ecuador. Ecuador imports Rubber Belting primarily from: China ($4.88M), United States ($3.38M), South Korea ($1.27M), Germany ($1.07M), and Argentina ($1.01M).

The fastest growing import markets in Rubber Belting for Ecuador between 2022 and 2023 were Mexico ($348k), Germany ($262k), and Switzerland ($109k).

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 (2023)$138k
IMPORTS (2023)$17.7M
NET TRADE (2023)-$17.5M

In 2023, Ecuador exported $138k in Rubber Belting. The main destinations of Ecuador exports on Rubber Belting were Peru ($53.7k), United States ($26.8k), Colombia ($25.4k), Brazil ($16.6k), and Thailand ($7.07k).

In 2023, Ecuador imported $17.7M in Rubber Belting, mainly from China ($4.88M), United States ($3.38M), South Korea ($1.27M), Germany ($1.07M), and Argentina ($1.01M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Peru$49.8k (1.27k%)
Colombia$18.2k (253%)
Brazil$16.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Ecuador WERE (2022 - 2023):
Panama-$11.7k (-100%)
Ukraine-$4.73k (-100%)
Chinese Taipei-$2.28k (-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 Rubber Belting were:
China $1.56B
Germany $893M
United States $513M
In 2023, Ecuador's main importing competitors in Rubber Belting were:
United States $899M
Germany $512M
Canada $294M

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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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