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2022
Exports $750kWorld Rnk 94 / 167
Flag Rnk 301 / 1017
2022
Destination $158k Colombia
2021 - 2022
FASTEST GROWING MARKET $158kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Tractors0.95Rnk 194 / 1025
2022
Imports $136MWorld Rnk 64 / 215
Flag Rnk 39 / 1175
2022
Origin $25.8M China
2021 - 2022
FASTEST GROWING ORIGIN $25.8MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $750k in Tractors, making it the 94th largest exporter of Tractors in the world. At the same year, Tractors was the 301st most exported product in Ecuador. The main destination of Tractors exports from Ecuador are: Colombia ($445k), United Kingdom ($158k), Chile ($97.5k), Peru ($50.4k), and Angola ($1).

The fastest growing export markets for Tractors of Ecuador between 2021 and 2022 were United Kingdom ($158k), Colombia ($129k), and Chile ($97.5k).

Imports In 2022, Ecuador imported $136M in Tractors, becoming the 64th largest importer of Tractors in the world. At the same year, Tractors was the 39th most imported product in Ecuador. Ecuador imports Tractors primarily from: China ($57.4M), Mexico ($26.6M), Germany ($12.6M), Japan ($11.4M), and Brazil ($9.67M).

The fastest growing import markets in Tractors for Ecuador between 2021 and 2022 were China ($25.8M), Mexico ($7.62M), and Japan ($3.13M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Tractors exports accounted up to $59.9k and imports accounted up to $3.1M, resulting in a negative trade balance of $3.04M. Between September 2016 and December 2021 the exports of Ecuador's   Tractors have increased by $28.7k (92%) from $31.2k to $59.9k, while imports decreased by $-3.37M (-52.1%) from $6.48M to $3.1M.

Destinations In December 2021, Tractors were exported mostly to Colombia ($59.9k), and were imported mostly from Japan ($566k), Mexico ($481k), Brazil ($393k), Germany ($345k), and United States ($330k).

Growth In December 2021, the increase in Tractors's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Tractors's year-by-year imports was explained primarily by a decrease in imports from Germany ($-861k or -76.6%), United States ($-759k or -64.2%), and Mexico ($-630k or -33.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2016 - December 2021)$28.7k(92%)
IMPORT GROWTH (December 2020 - December 2021)$-3.37M(-52.1%)
MAIN DESTINATION (December 2021)Colombia$59.9k

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$750k
IMPORTS (2022)$136M
NET TRADE (2022)-$135M

In 2022, Ecuador exported $750k in Tractors. The main destinations of Ecuador exports on Tractors were Colombia ($445k), United Kingdom ($158k), Chile ($97.5k), Peru ($50.4k), and Angola ($1).

In 2022, Ecuador imported $136M in Tractors, mainly from China ($57.4M), Mexico ($26.6M), Germany ($12.6M), Japan ($11.4M), and Brazil ($9.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United Kingdom$158k (1%)
Colombia$129k (40.9%)
Chile$97.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Ecuador WERE (2021 - 2022):Burkina Faso-$3.51k (-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 Tractors were:
Germany $11.1B
Netherlands $6.32B
United States $5.65B
In 2022, Ecuador's main importing competitors in Tractors were:
United States $8.01B
Canada $4.59B
France $4.06B

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $114k
TOP IMPORT POTENTIALGermany+ $5.64M

Tractors’s highest export potential is United Kingdom. With an export gap of $114k.   Tractors’s highest import potential is Germany with an import gap of $5.64M.

See methodology.

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