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2022
Exports $2.63MWorld Rnk 37 / 155
Flag Rnk 180 / 1017
2022
Destination $493k United States
2021 - 2022
FASTEST GROWING MARKET $493kUnited States
2022
PRODUCT COMPLEXITY IN Safes0.76Rnk 261 / 1025
2022
Imports $740kWorld Rnk 102 / 216
Flag Rnk 811 / 1175
2022
Origin $121k China
2021 - 2022
FASTEST GROWING ORIGIN $121kSpain
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $2.63M in Safes, making it the 37th largest exporter of Safes in the world. At the same year, Safes was the 180th most exported product in Ecuador. The main destination of Safes exports from Ecuador are: United States ($2.27M), Mexico ($309k), Canada ($50.9k), Guyana ($137), and Costa Rica ($35).

The fastest growing export markets for Safes of Ecuador between 2021 and 2022 were United States ($493k), Mexico ($122k), and Canada ($25.4k).

Imports In 2022, Ecuador imported $740k in Safes, becoming the 102nd largest importer of Safes in the world. At the same year, Safes was the 811th most imported product in Ecuador. Ecuador imports Safes primarily from: China ($515k), Spain ($122k), Colombia ($48.1k), United States ($34.6k), and Chinese Taipei ($9.08k).

The fastest growing import markets in Safes for Ecuador between 2021 and 2022 were Spain ($121k), Colombia ($19.2k), and United States ($18.8k).

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 (2022)$2.63M
IMPORTS (2022)$740k
NET TRADE (2022)$1.89M

In 2022, Ecuador exported $2.63M in Safes. The main destinations of Ecuador exports on Safes were United States ($2.27M), Mexico ($309k), Canada ($50.9k), Guyana ($137), and Costa Rica ($35).

In 2022, Ecuador imported $740k in Safes, mainly from China ($515k), Spain ($122k), Colombia ($48.1k), United States ($34.6k), and Chinese Taipei ($9.08k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Safes EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$493k (27.7%)
Mexico$122k (65.6%)
Canada$25.4k (99.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Safes BY Ecuador WERE (2021 - 2022):
Colombia-$1.46k (-100%)
Costa Rica-$163 (-82.3%)
Maldives-$161 (-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 Safes were:
China $647M
Mexico $112M
Netherlands $70.9M
In 2022, Ecuador's main importing competitors in Safes were:
United States $440M
Germany $150M
France $64.5M

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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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