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Pricing

2022
Exports $4.85MWorld Rnk 85 / 224
Flag Rnk 132 / 1017
2022
Destination $2.54M Colombia
2021 - 2022
FASTEST GROWING MARKET $2.54MColombia
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $180MWorld Rnk 65 / 225
Flag Rnk 28 / 1175
2022
Origin $4.3M China
2021 - 2022
FASTEST GROWING ORIGIN $4.3MUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $4.85M in Medical Instruments, making it the 85th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 132nd most exported product in Ecuador. The main destination of Medical Instruments exports from Ecuador are: Colombia ($2.68M), United States ($1.54M), United Kingdom ($116k), Austria ($84.2k), and Germany ($84.1k).

The fastest growing export markets for Medical Instruments of Ecuador between 2021 and 2022 were Colombia ($2.54M), United States ($676k), and United Kingdom ($116k).

Imports In 2022, Ecuador imported $180M in Medical Instruments, becoming the 65th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 28th most imported product in Ecuador. Ecuador imports Medical Instruments primarily from: China ($50M), United States ($41.8M), Germany ($23.1M), South Korea ($5.27M), and Mexico ($5.24M).

The fastest growing import markets in Medical Instruments for Ecuador between 2021 and 2022 were United States ($4.3M), South Korea ($1.15M), and Switzerland ($705k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Medical Instruments exports accounted up to $86.6k and imports accounted up to $16.9M, resulting in a negative trade balance of $16.8M. Between December 2020 and December 2021 the exports of Ecuador's   Medical Instruments have decreased by $-46.7k (-35%) from $133k to $86.6k, while imports increased by $2.24M (15.3%) from $14.7M to $16.9M.

Destinations In December 2021, Medical Instruments were exported mostly to United States ($71k), Israel ($15.6k), and Panama ($1.5), and were imported mostly from China ($6.29M), United States ($3.57M), Germany ($1.9M), Mexico ($566k), and Colombia ($380k).

Growth In December 2021, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to United States ($-24.6k or -83.7%). In December 2021, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from China ($1.09M or 54.1%), Germany ($529k or 27.7%), and United States ($455k or 11.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-46.7k(-35%)
IMPORT GROWTH (December 2020 - December 2021)$2.24M(15.3%)
MAIN DESTINATION (December 2021)United States$71k

This section shows Medical Instruments'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 Medical Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.85M
IMPORTS (2022)$180M
NET TRADE (2022)-$175M

In 2022, Ecuador exported $4.85M in Medical Instruments. The main destinations of Ecuador exports on Medical Instruments were Colombia ($2.68M), United States ($1.54M), United Kingdom ($116k), Austria ($84.2k), and Germany ($84.1k).

In 2022, Ecuador imported $180M in Medical Instruments, mainly from China ($50M), United States ($41.8M), Germany ($23.1M), South Korea ($5.27M), and Mexico ($5.24M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$2.54M (1.76k%)
United States$676k (78.1%)
United Kingdom$116k (5.8M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Ecuador WERE (2021 - 2022):
Chile-$291k (-98.4%)
Brazil-$56k (-89.1%)
Guatemala-$39.3k (-68.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Medical Instruments were:
United States $33.3B
Germany $17.6B
Mexico $14.1B
In 2022, Ecuador's main importing competitors in Medical Instruments were:
United States $34.7B
Netherlands $12.9B
Germany $11.4B

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $166k
TOP IMPORT POTENTIALUnited States+ $15.5M

Medical Instruments’s highest export potential is United Kingdom. With an export gap of $166k.   Medical Instruments’s highest import potential is United States with an import gap of $15.5M.

See methodology.

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