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2023
Exports $2.31MWorld Rnk 38 / 159
Flag Rnk 172 / 1002
2023
Destination $70.4k United States
2022 - 2023
FASTEST GROWING MARKET $70.4kDominican Republic
2023
PRODUCT COMPLEXITY IN Safes0.8Rnk 257 / 1025
2023
Imports $990kWorld Rnk 94 / 216
Flag Rnk 755 / 1173
2023
Origin $167k China
2022 - 2023
FASTEST GROWING ORIGIN $167kChinese Taipei
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $2.31M in Safes, making it the 38th largest exporter of Safes in the world. At the same year, Safes was the 172nd most exported product in Ecuador. The main destination of Safes exports from Ecuador are: United States ($1.98M), Mexico ($202k), Dominican Republic ($70.4k), Canada ($44.2k), and Chile ($9.99k).

The fastest growing export markets for Safes of Ecuador between 2022 and 2023 were Dominican Republic ($70.4k), Chile ($9.99k), and Panama ($2.18k).

Imports In 2023, Ecuador imported $990k in Safes, becoming the 94th largest importer of Safes in the world. At the same year, Safes was the 755th most imported product in Ecuador. Ecuador imports Safes primarily from: China ($666k), Chinese Taipei ($176k), Colombia ($65.2k), Japan ($26.4k), and Portugal ($20.6k).

The fastest growing import markets in Safes for Ecuador between 2022 and 2023 were Chinese Taipei ($167k), China ($166k), and Japan ($25.9k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Safes exports accounted up to $285k and imports accounted up to $79.5k, resulting in a positive trade balance of $206k. Between December 2020 and December 2021 the exports of Ecuador's   Safes have increased by $169k (146%) from $116k to $285k, while imports increased by $59.7k (301%) from $19.9k to $79.5k.

Destinations In December 2021, Safes were exported mostly to United States ($285k), and were imported mostly from China ($75.1k), United States ($4.07k), Peru ($251), and Turkey ($118).

Growth In December 2021, the increase in Safes's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Safes's year-by-year imports was explained primarily by an increase in imports from China ($178k or 1.25k%), Portugal ($3.94k or 21.3%), and United States ($146 or 11.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$169k(146%)
IMPORT GROWTH (December 2020 - December 2021)$59.7k(301%)
MAIN DESTINATION (December 2021)United States$285k

This section shows Safes'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 Safes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.31M
IMPORTS (2023)$990k
NET TRADE (2023)$1.32M

In 2023, Ecuador exported $2.31M in Safes. The main destinations of Ecuador exports on Safes were United States ($1.98M), Mexico ($202k), Dominican Republic ($70.4k), Canada ($44.2k), and Chile ($9.99k).

In 2023, Ecuador imported $990k in Safes, mainly from China ($666k), Chinese Taipei ($176k), Colombia ($65.2k), Japan ($26.4k), and Portugal ($20.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Safes EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Dominican Republic$70.4k (1%)
Chile$9.99k (1%)
Panama$2.18k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Safes BY Ecuador WERE (2022 - 2023):
United States-$227k (-10.3%)
Mexico-$107k (-34.8%)
Canada-$8.86k (-16.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Safes were:
China $568M
Mexico $86.6M
Germany $57.5M
In 2023, Ecuador's main importing competitors in Safes were:
United States $331M
Germany $119M
France $53.1M

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Trade Value of Safes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $427k
TOP IMPORT POTENTIALChina+ $134k

Safes’s highest export potential is United States. With an export gap of $427k.   Safes’s highest import potential is China with an import gap of $134k.

See methodology.

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