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2022
Exports $395kWorld Rnk 101 / 207
Flag Rnk 383 / 1017
2022
Destination $254k Colombia
2021 - 2022
FASTEST GROWING MARKET $254kColombia
2022
PRODUCT COMPLEXITY IN Brooms0.29Rnk 454 / 1025
2022
Imports $27.6MWorld Rnk 63 / 223
Flag Rnk 189 / 1175
2022
Origin $708k China
2021 - 2022
FASTEST GROWING ORIGIN $708kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $395k in Brooms, making it the 101st largest exporter of Brooms in the world. At the same year, Brooms was the 383rd most exported product in Ecuador. The main destination of Brooms exports from Ecuador are: Colombia ($278k), Peru ($35.6k), United States ($27.2k), Honduras ($21.8k), and Panama ($12.5k).

The fastest growing export markets for Brooms of Ecuador between 2021 and 2022 were Colombia ($254k), United States ($25.4k), and Peru ($24.4k).

Imports In 2022, Ecuador imported $27.6M in Brooms, becoming the 63rd largest importer of Brooms in the world. At the same year, Brooms was the 189th most imported product in Ecuador. Ecuador imports Brooms primarily from: China ($13.4M), Colombia ($3.88M), Mexico ($2.15M), Vietnam ($2.05M), and United States ($1.25M).

The fastest growing import markets in Brooms for Ecuador between 2021 and 2022 were China ($708k), United States ($384k), and Brazil ($271k).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (9), Goya Foods (3), and Continental Tire (1) were at the forefront of shipping Brooms from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Brooms exports accounted up to $2.05k and imports accounted up to $1.66M, resulting in a negative trade balance of $1.66M. Between December 2020 and December 2021 the exports of Ecuador's   Brooms have decreased by $-16.5k (-88.9%) from $18.5k to $2.05k, while imports decreased by $-626k (-27.4%) from $2.29M to $1.66M.

Destinations In December 2021, Brooms were exported mostly to Colombia ($1.98k), Panama ($39.2), Cuba ($18.5), and Peru ($16.2), and were imported mostly from China ($932k), Vietnam ($269k), Colombia ($187k), Mexico ($68.7k), and United States ($58.9k).

Growth In December 2021, the decrease in Brooms's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-569 or -7.01%). In December 2021, the decrease in Brooms's year-by-year imports was explained primarily by a decrease in imports from China ($-90.6k or -7.63%), Mexico ($-68.9k or -43%), and United States ($-68.8k or -64.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-16.5k(-88.9%)
IMPORT GROWTH (December 2020 - December 2021)$-626k(-27.4%)
MAIN DESTINATION (December 2021)Colombia$1.98k

This section shows Brooms'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 Brooms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$395k
IMPORTS (2022)$27.6M
NET TRADE (2022)-$27.2M

In 2022, Ecuador exported $395k in Brooms. The main destinations of Ecuador exports on Brooms were Colombia ($278k), Peru ($35.6k), United States ($27.2k), Honduras ($21.8k), and Panama ($12.5k).

In 2022, Ecuador imported $27.6M in Brooms, mainly from China ($13.4M), Colombia ($3.88M), Mexico ($2.15M), Vietnam ($2.05M), and United States ($1.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Brooms EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$254k (1.07k%)
United States$25.4k (1.38k%)
Peru$24.4k (217%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Brooms BY Ecuador WERE (2021 - 2022):
Mexico-$15.6k (-96%)
Chile-$7.51k (-51.2%)
Singapore-$4.09k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Brooms were:
China $6.51B
Germany $1.26B
United States $447M
In 2022, Ecuador's main importing competitors in Brooms were:
United States $2.08B
Germany $1.03B
United Kingdom $493M

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Trade Value of Brooms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $51.4k
TOP IMPORT POTENTIALChina+ $2.01M

Brooms’s highest export potential is United States. With an export gap of $51.4k.   Brooms’s highest import potential is China with an import gap of $2.01M.

See methodology.

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