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Pricing

2022
Exports $16.9kWorld Rnk 67 / 110
Flag Rnk 741 / 1017
2022
Destination $7.42k Colombia
2021 - 2022
FASTEST GROWING MARKET $7.42kColombia
2022
PRODUCT COMPLEXITY IN Time Switches0.78Rnk 256 / 1025
2022
Imports $1.1MWorld Rnk 55 / 198
Flag Rnk 763 / 1175
2022
Origin $70.5k China
2021 - 2022
FASTEST GROWING ORIGIN $70.5kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $16.9k in Time Switches, making it the 67th largest exporter of Time Switches in the world. At the same year, Time Switches was the 741st most exported product in Ecuador. The main destination of Time Switches exports from Ecuador are: Colombia ($7.9k), Czechia ($6.43k), Chile ($1k), Dominican Republic ($582), and Guatemala ($523).

The fastest growing export markets for Time Switches of Ecuador between 2021 and 2022 were Colombia ($7.42k), Czechia ($2.71k), and Chile ($1k).

Imports In 2022, Ecuador imported $1.1M in Time Switches, becoming the 55th largest importer of Time Switches in the world. At the same year, Time Switches was the 763rd most imported product in Ecuador. Ecuador imports Time Switches primarily from: China ($476k), Vietnam ($209k), India ($188k), Mexico ($77k), and United States ($67.1k).

The fastest growing import markets in Time Switches for Ecuador between 2021 and 2022 were China ($70.5k), Mexico ($27.3k), and United States ($23.4k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Time Switches exports accounted up to $103 and imports accounted up to $116k, resulting in a negative trade balance of $116k. Between September 2020 and December 2021 the exports of Ecuador's   Time Switches have increased by $75.4 (274%) from $27.5 to $103, while imports increased by $43.1k (59.4%) from $72.6k to $116k.

Destinations In December 2021, Time Switches were exported mostly to United States ($103), and were imported mostly from India ($66.8k), China ($41.4k), Mexico ($3.88k), and United States ($3.64k).

Growth In December 2021, the increase in Time Switches's year-by-year exports was explained primarily by an increase in exports to Peru ($43.8 or 55.7%). In December 2021, the increase in Time Switches's year-by-year imports was explained primarily by an increase in imports from Vietnam ($44.7k or 161%), China ($12.8k or 34.3%), and Mexico ($5.2k or 4.74k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2020 - December 2021)$75.4(274%)
IMPORT GROWTH (December 2020 - December 2021)$43.1k(59.4%)
MAIN DESTINATION (December 2021)United States$103

This section shows Time Switches'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 Time Switches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.9k
IMPORTS (2022)$1.1M
NET TRADE (2022)-$1.09M

In 2022, Ecuador exported $16.9k in Time Switches. The main destinations of Ecuador exports on Time Switches were Colombia ($7.9k), Czechia ($6.43k), Chile ($1k), Dominican Republic ($582), and Guatemala ($523).

In 2022, Ecuador imported $1.1M in Time Switches, mainly from China ($476k), Vietnam ($209k), India ($188k), Mexico ($77k), and United States ($67.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$7.42k (1.53k%)
Czechia$2.71k (73%)
Chile$1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Ecuador WERE (2021 - 2022):
Peru-$419 (-72.5%)
New Zealand-$107 (-100%)
United States-$103 (-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 Time Switches were:
China $165M
Mexico $92M
France $43.8M
In 2022, Ecuador's main importing competitors in Time Switches were:
United States $107M
France $42M
Germany $25.1M

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Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $830
TOP IMPORT POTENTIALMexico+ $50.6k

Time Switches’s highest export potential is Canada. With an export gap of $830.   Time Switches’s highest import potential is Mexico with an import gap of $50.6k.

See methodology.

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