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2023
Exports $304kWorld Rnk 85 / 175
Flag Rnk 393 / 1002
2023
Destination $94.7k Panama
2022 - 2023
FASTEST GROWING MARKET $94.7kColombia
2023
PRODUCT COMPLEXITY IN Bandages0.86Rnk 224 / 1025
2023
Imports $15.4MWorld Rnk 59 / 221
Flag Rnk 276 / 1173
2023
Origin $736k China
2022 - 2023
FASTEST GROWING ORIGIN $736kColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $304k in Bandages, making it the 85th largest exporter of Bandages in the world. At the same year, Bandages was the 393rd most exported product in Ecuador. The main destination of Bandages exports from Ecuador are: Panama ($178k), Colombia ($94.7k), Guatemala ($17.9k), Peru ($11.3k), and Malaysia ($1.15k).

The fastest growing export markets for Bandages of Ecuador between 2022 and 2023 were Colombia ($94.7k), Peru ($11.3k), and Malaysia ($1.15k).

Imports In 2023, Ecuador imported $15.4M in Bandages, becoming the 59th largest importer of Bandages in the world. At the same year, Bandages was the 276th most imported product in Ecuador. Ecuador imports Bandages primarily from: China ($4.44M), Colombia ($3.57M), United States ($2.47M), Germany ($1.36M), and United Kingdom ($421k).

The fastest growing import markets in Bandages for Ecuador between 2022 and 2023 were Colombia ($736k), Germany ($183k), and South Korea ($176k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Bandages exports accounted up to $10.3k and imports accounted up to $1.23M, resulting in a negative trade balance of $1.22M. Between December 2020 and December 2021 the exports of Ecuador's   Bandages have increased by $8.39k (451%) from $1.86k to $10.3k, while imports increased by $763k (165%) from $463k to $1.23M.

Destinations In December 2021, Bandages were exported mostly to Panama ($10.3k), and were imported mostly from China ($411k), Colombia ($258k), United States ($217k), Germany ($76.8k), and Argentina ($60.3k).

Growth In December 2021, the increase in Bandages's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Bandages's year-by-year imports was explained primarily by an increase in imports from Colombia ($48.8k or 74.5%), Ireland ($3.17k or 270%), and Brazil ($295 or 121%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$8.39k(451%)
IMPORT GROWTH (December 2020 - December 2021)$763k(165%)
MAIN DESTINATION (December 2021)Panama$10.3k

This section shows Bandages'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 Bandages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$304k
IMPORTS (2023)$15.4M
NET TRADE (2023)-$15.1M

In 2023, Ecuador exported $304k in Bandages. The main destinations of Ecuador exports on Bandages were Panama ($178k), Colombia ($94.7k), Guatemala ($17.9k), Peru ($11.3k), and Malaysia ($1.15k).

In 2023, Ecuador imported $15.4M in Bandages, mainly from China ($4.44M), Colombia ($3.57M), United States ($2.47M), Germany ($1.36M), and United Kingdom ($421k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Colombia$94.7k (1%)
Peru$11.3k (1%)
Malaysia$1.15k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Ecuador WERE (2022 - 2023):
Panama-$32.9k (-15.6%)
United Kingdom-$11.5k (-100%)
Bolivia-$10.1k (-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 Bandages were:
China $2.61B
United States $1.07B
Germany $951M
In 2023, Ecuador's main importing competitors in Bandages were:
United States $1.61B
Germany $1.02B
Netherlands $700M

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $17.1k
TOP IMPORT POTENTIALChina+ $1.49M

Bandages’s highest export potential is United Kingdom. With an export gap of $17.1k.   Bandages’s highest import potential is China with an import gap of $1.49M.

See methodology.

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