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2022
Exports $1.42MWorld Rnk 66 / 195
Flag Rnk 232 / 1017
2022
Destination $523k Peru
2021 - 2022
FASTEST GROWING MARKET $523kPeru
2022
PRODUCT COMPLEXITY IN Rubber Apparel-0.51Rnk 706 / 1025
2022
Imports $24.9MWorld Rnk 53 / 221
Flag Rnk 203 / 1175
2022
Origin $2.39M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $2.39MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.42M in Rubber Apparel, making it the 66th largest exporter of Rubber Apparel in the world. At the same year, Rubber Apparel was the 232nd most exported product in Ecuador. The main destination of Rubber Apparel exports from Ecuador are: Peru ($1.16M), Colombia ($245k), Guatemala ($9.23k), El Salvador ($6.2k), and Dominican Republic ($760).

The fastest growing export markets for Rubber Apparel of Ecuador between 2021 and 2022 were Peru ($523k), Colombia ($243k), and Guatemala ($9.19k).

Imports In 2022, Ecuador imported $24.9M in Rubber Apparel, becoming the 53rd largest importer of Rubber Apparel in the world. At the same year, Rubber Apparel was the 203rd most imported product in Ecuador. Ecuador imports Rubber Apparel primarily from: Malaysia ($10.7M), China ($8.1M), Thailand ($2.35M), United States ($1.42M), and Colombia ($821k).

The fastest growing import markets in Rubber Apparel for Ecuador between 2021 and 2022 were China ($2.39M), Malaysia ($725k), and Panama ($159k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Rubber Apparel exports accounted up to $38.2k and imports accounted up to $4.68M, resulting in a negative trade balance of $4.64M. Between November 2020 and December 2021 the exports of Ecuador's   Rubber Apparel have decreased by $-14.1k (-26.9%) from $52.3k to $38.2k, while imports increased by $3.09M (195%) from $1.59M to $4.68M.

Destinations In December 2021, Rubber Apparel were exported mostly to Peru ($38.2k) and Panama ($4.8), and were imported mostly from Malaysia ($2.77M), China ($939k), Thailand ($565k), Sri Lanka ($151k), and United States ($117k).

Growth In December 2021, the decrease in Rubber Apparel's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Rubber Apparel's year-by-year imports was explained primarily by an increase in imports from Thailand ($463k or 607%), China ($114k or 44%), and Malaysia ($54.2k or 10.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$-14.1k(-26.9%)
IMPORT GROWTH (December 2020 - December 2021)$3.09M(195%)
MAIN DESTINATION (December 2021)Peru$38.2k

This section shows Rubber Apparel'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 Rubber Apparel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.42M
IMPORTS (2022)$24.9M
NET TRADE (2022)-$23.5M

In 2022, Ecuador exported $1.42M in Rubber Apparel. The main destinations of Ecuador exports on Rubber Apparel were Peru ($1.16M), Colombia ($245k), Guatemala ($9.23k), El Salvador ($6.2k), and Dominican Republic ($760).

In 2022, Ecuador imported $24.9M in Rubber Apparel, mainly from Malaysia ($10.7M), China ($8.1M), Thailand ($2.35M), United States ($1.42M), and Colombia ($821k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Apparel EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$523k (82.7%)
Colombia$243k (15.3k%)
Guatemala$9.19k (24.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Apparel BY Ecuador WERE (2021 - 2022):
Ethiopia-$6.72k (-100%)
United States-$2.82k (-87.4%)
Dominican Republic-$1.15k (-60.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Rubber Apparel were:
Malaysia $4.78B
China $2.17B
Thailand $1.74B
In 2022, Ecuador's main importing competitors in Rubber Apparel were:
United States $3.13B
Germany $839M
United Kingdom $572M

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Trade Value of Rubber Apparel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $170k
TOP IMPORT POTENTIALChina+ $942k

Rubber Apparel’s highest export potential is Colombia. With an export gap of $170k.   Rubber Apparel’s highest import potential is China with an import gap of $942k.

See methodology.

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