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2023
Exports $318kWorld Rnk 92 / 180
Flag Rnk 382 / 1002
2023
Destination $33.8k Peru
2022 - 2023
FASTEST GROWING MARKET $33.8kGuatemala
2023
PRODUCT COMPLEXITY IN Twine and Rope-0.8Rnk 781 / 1025
2023
Imports $7.86MWorld Rnk 66 / 223
Flag Rnk 410 / 1173
2023
Origin $194k China
2022 - 2023
FASTEST GROWING ORIGIN $194kPanama
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $318k in Twine and Rope, making it the 92nd largest exporter of Twine and Rope in the world. At the same year, Twine and Rope was the 382nd most exported product in Ecuador. The main destination of Twine and Rope exports from Ecuador are: Peru ($255k), Guatemala ($46.4k), Colombia ($10.6k), United States ($3.55k), and Mexico ($596).

The fastest growing export markets for Twine and Rope of Ecuador between 2022 and 2023 were Guatemala ($33.8k), Peru ($13.7k), and United States ($2.57k).

Imports In 2023, Ecuador imported $7.86M in Twine and Rope, becoming the 66th largest importer of Twine and Rope in the world. At the same year, Twine and Rope was the 410th most imported product in Ecuador. Ecuador imports Twine and Rope primarily from: China ($1.31M), Peru ($1.15M), South Korea ($972k), Colombia ($845k), and Chinese Taipei ($645k).

The fastest growing import markets in Twine and Rope for Ecuador between 2022 and 2023 were Panama ($194k), India ($105k), and Greece ($78.8k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Twine and Rope exports accounted up to $144k and imports accounted up to $867k, resulting in a negative trade balance of $723k. Between December 2020 and December 2021 the exports of Ecuador's   Twine and Rope have increased by $97.7k (213%) from $45.8k to $144k, while imports increased by $241k (38.4%) from $626k to $867k.

Destinations In December 2021, Twine and Rope were exported mostly to Peru ($76.1k), Colombia ($41.4k), and Rest of the world ($26k), and were imported mostly from South Korea ($191k), India ($176k), Vietnam ($116k), Peru ($87.1k), and Colombia ($79.2k).

Growth In December 2021, the increase in Twine and Rope's year-by-year exports was explained primarily by an increase in exports to Peru ($22.7k or 4.62k%). In December 2021, the increase in Twine and Rope's year-by-year imports was explained primarily by an increase in imports from Vietnam ($105k or 719%), Peru ($79.4k or 805%), and Chinese Taipei ($77.5k or 919k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$97.7k(213%)
IMPORT GROWTH (December 2020 - December 2021)$241k(38.4%)
MAIN DESTINATION (December 2021)Peru$76.1k

This section shows Twine and Rope'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 Twine and Rope over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$318k
IMPORTS (2023)$7.86M
NET TRADE (2023)-$7.55M

In 2023, Ecuador exported $318k in Twine and Rope. The main destinations of Ecuador exports on Twine and Rope were Peru ($255k), Guatemala ($46.4k), Colombia ($10.6k), United States ($3.55k), and Mexico ($596).

In 2023, Ecuador imported $7.86M in Twine and Rope, mainly from China ($1.31M), Peru ($1.15M), South Korea ($972k), Colombia ($845k), and Chinese Taipei ($645k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Twine and Rope EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Guatemala$33.8k (266%)
Peru$13.7k (5.67%)
United States$2.57k (264%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Twine and Rope BY Ecuador WERE (2022 - 2023):
Estonia-$200k (-100%)
Colombia-$94.7k (-89.9%)
United Kingdom-$20.1k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Twine and Rope were:
China $718M
Portugal $210M
United States $142M
In 2023, Ecuador's main importing competitors in Twine and Rope were:
United States $303M
France $113M
Germany $102M

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Trade Value of Twine and Rope by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $38.2k
TOP IMPORT POTENTIALChina+ $576k

Twine and Rope’s highest export potential is Colombia. With an export gap of $38.2k.   Twine and Rope’s highest import potential is China with an import gap of $576k.

See methodology.

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