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2023
Exports $3.38MWorld Rnk 75 / 221
Flag Rnk 141 / 1002
2023
Destination $461k South Africa
2022 - 2023
FASTEST GROWING MARKET $461kSouth Africa
2023
PRODUCT COMPLEXITY IN Transmissions1.42Rnk 57 / 1025
2023
Imports $84.3MWorld Rnk 60 / 224
Flag Rnk 59 / 1173
2023
Origin $3.45M China
2022 - 2023
FASTEST GROWING ORIGIN $3.45MGermany
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $3.38M in Transmissions, making it the 75th largest exporter of Transmissions in the world. At the same year, Transmissions was the 141st most exported product in Ecuador. The main destination of Transmissions exports from Ecuador are: South Africa ($1.82M), United States ($689k), Colombia ($141k), Finland ($95.1k), and Panama ($61.9k).

The fastest growing export markets for Transmissions of Ecuador between 2022 and 2023 were South Africa ($461k), United States ($400k), and Finland ($95.1k).

Imports In 2023, Ecuador imported $84.3M in Transmissions, becoming the 60th largest importer of Transmissions in the world. At the same year, Transmissions was the 59th most imported product in Ecuador. Ecuador imports Transmissions primarily from: China ($19M), United States ($16.8M), Germany ($7.96M), Japan ($7.07M), and Brazil ($4.45M).

The fastest growing import markets in Transmissions for Ecuador between 2022 and 2023 were Germany ($3.45M), Singapore ($912k), and Japan ($817k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Transmissions exports accounted up to $127k and imports accounted up to $6.33M, resulting in a negative trade balance of $6.2M. Between December 2020 and December 2021 the exports of Ecuador's   Transmissions have increased by $8k (6.71%) from $119k to $127k, while imports increased by $810k (14.7%) from $5.52M to $6.33M.

Destinations In December 2021, Transmissions were exported mostly to United States ($92.7k), Colombia ($22.1k), Peru ($3.54k), Kuwait ($3.42k), and Belgium ($3.05k), and were imported mostly from China ($1.41M), United States ($1.37M), Italy ($620k), Japan ($479k), and South Korea ($477k).

Growth In December 2021, the increase in Transmissions's year-by-year exports was explained primarily by an increase in exports to Indonesia ($1.08k or 33.5%). In December 2021, the increase in Transmissions's year-by-year imports was explained primarily by an increase in imports from Thailand ($126k or 841%), Spain ($106k or 225%), and Mexico ($19.2k or 27%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$8k(6.71%)
IMPORT GROWTH (December 2020 - December 2021)$810k(14.7%)
MAIN DESTINATION (December 2021)United States$92.7k

This section shows Transmissions'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 Transmissions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.38M
IMPORTS (2023)$84.3M
NET TRADE (2023)-$80.9M

In 2023, Ecuador exported $3.38M in Transmissions. The main destinations of Ecuador exports on Transmissions were South Africa ($1.82M), United States ($689k), Colombia ($141k), Finland ($95.1k), and Panama ($61.9k).

In 2023, Ecuador imported $84.3M in Transmissions, mainly from China ($19M), United States ($16.8M), Germany ($7.96M), Japan ($7.07M), and Brazil ($4.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Transmissions EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
South Africa$461k (34%)
United States$400k (139%)
Finland$95.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transmissions BY Ecuador WERE (2022 - 2023):
Colombia-$131k (-48.2%)
Germany-$67.9k (-94.1%)
Peru-$52.1k (-86.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Transmissions were:
Germany $13.5B
China $11.2B
United States $8.08B
In 2023, Ecuador's main importing competitors in Transmissions were:
United States $10.9B
Germany $6.88B
China $5.17B

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Trade Value of Transmissions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.22M
TOP IMPORT POTENTIALChina+ $7.33M

Transmissions’s highest export potential is United States. With an export gap of $1.22M.   Transmissions’s highest import potential is China with an import gap of $7.33M.

See methodology.

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