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2022
Exports $321kWorld Rnk 107 / 186
Flag Rnk 407 / 1017
2022
Destination $53.4k Colombia
2021 - 2022
FASTEST GROWING MARKET $53.4kUnited States
2022
PRODUCT COMPLEXITY IN Combustion Engines1.13Rnk 126 / 1025
2022
Imports $44.1MWorld Rnk 59 / 220
Flag Rnk 124 / 1175
2022
Origin $453k China
2021 - 2022
FASTEST GROWING ORIGIN $453kSingapore
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $321k in Combustion Engines, making it the 107th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 407th most exported product in Ecuador. The main destination of Combustion Engines exports from Ecuador are: Colombia ($142k), United States ($95.5k), Peru ($57.9k), Malaysia ($14.9k), and France ($7.19k).

The fastest growing export markets for Combustion Engines of Ecuador between 2021 and 2022 were United States ($53.4k), Malaysia ($14.9k), and Kyrgyzstan ($3.77k).

Imports In 2022, Ecuador imported $44.1M in Combustion Engines, becoming the 59th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 124th most imported product in Ecuador. Ecuador imports Combustion Engines primarily from: China ($21.2M), Thailand ($14.2M), Brazil ($1.73M), South Korea ($1.56M), and United States ($1.32M).

The fastest growing import markets in Combustion Engines for Ecuador between 2021 and 2022 were Singapore ($453k), Italy ($443k), and South Korea ($390k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Combustion Engines exports accounted up to $47.9k and imports accounted up to $3.62M, resulting in a negative trade balance of $3.57M. Between November 2019 and November 2021 the exports of Ecuador's   Combustion Engines have increased by $46.3k (2.84k%) from $1.63k to $47.9k, while imports increased by $2.67M (283%) from $945k to $3.62M.

Destinations In November 2021, Combustion Engines were exported mostly to , and were imported mostly from China ($2.43M), Brazil ($392k), United States ($382k), Canada ($115k), and India ($99.4k).

Growth In November 2021, the increase in Combustion Engines's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Combustion Engines's year-by-year imports was explained primarily by an increase in imports from China ($274k or 26.2%), Germany ($136k or 1.27k%), and Italy ($10.7k or 15.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2019 - November 2021)$46.3k(2.84k%)
IMPORT GROWTH (December 2020 - December 2021)$2.67M(283%)
MAIN DESTINATION (November 2021)

This section shows Combustion Engines'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 Combustion Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$321k
IMPORTS (2022)$44.1M
NET TRADE (2022)-$43.8M

In 2022, Ecuador exported $321k in Combustion Engines. The main destinations of Ecuador exports on Combustion Engines were Colombia ($142k), United States ($95.5k), Peru ($57.9k), Malaysia ($14.9k), and France ($7.19k).

In 2022, Ecuador imported $44.1M in Combustion Engines, mainly from China ($21.2M), Thailand ($14.2M), Brazil ($1.73M), South Korea ($1.56M), and United States ($1.32M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$53.4k (127%)
Malaysia$14.9k (1%)
Kyrgyzstan$3.77k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Ecuador WERE (2021 - 2022):
Panama-$263k (-99.8%)
Nicaragua-$126k (-100%)
Australia-$38.1k (-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 Combustion Engines were:
United States $8.39B
Germany $5.58B
Japan $4.24B
In 2022, Ecuador's main importing competitors in Combustion Engines were:
United States $5.93B
Mexico $5.75B
Germany $3.93B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $278k
TOP IMPORT POTENTIALUnited States+ $2.26M

Combustion Engines’s highest export potential is United States. With an export gap of $278k.   Combustion Engines’s highest import potential is United States with an import gap of $2.26M.

See methodology.

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