Compasses in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $330k in Compasses, making it the 91st largest exporter of Compasses in the world. At the same year, Compasses was the 404th most exported product in Ecuador. The main destination of Compasses exports from Ecuador are: Colombia ($119k), United States ($109k), El Salvador ($53.7k), Guatemala ($14.1k), and Netherlands ($10.7k).

The fastest growing export markets for Compasses of Ecuador between 2021 and 2022 were Colombia ($109k), El Salvador ($53.7k), and United States ($15.6k).

Imports In 2022, Ecuador imported $3.87M in Compasses, becoming the 81st largest importer of Compasses in the world. At the same year, Compasses was the 541st most imported product in Ecuador. Ecuador imports Compasses primarily from: United States ($1.08M), Netherlands ($621k), Germany ($478k), France ($378k), and Norway ($332k).

The fastest growing import markets in Compasses for Ecuador between 2021 and 2022 were Netherlands ($565k), Germany ($474k), and France ($378k).

Latest Trends

October 2021

About

Overview In October 2021 Ecuador's Compasses exports accounted up to $7.5k and imports accounted up to $544k, resulting in a negative trade balance of $536k. Between February 2020 and October 2021 the exports of Ecuador's Compasses have decreased by $-2.3k (-23.4%) from $9.8k to $7.5k, while imports increased by $430k (378%) from $114k to $544k.

Destinations In October 2021, Compasses were exported mostly to , and were imported mostly from Spain ($344k), United States ($126k), Peru ($62.8k), Japan ($9.26k), and China ($1.24k).

Growth In October 2021, the decrease in Compasses's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from China ($115 or 2.34k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2020 - October 2021)$-2.3k(-23.4%)

IMPORT GROWTH (December 2020 - December 2021)$430k(378%)

MAIN DESTINATION (October 2021)

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$330k

IMPORTS (2022)$3.87M

NET TRADE (2022)-$3.54M

In 2022, Ecuador exported $330k in Compasses. The main destinations of Ecuador exports on Compasses were Colombia ($119k), United States ($109k), El Salvador ($53.7k), Guatemala ($14.1k), and Netherlands ($10.7k).

In 2022, Ecuador imported $3.87M in Compasses, mainly from United States ($1.08M), Netherlands ($621k), Germany ($478k), France ($378k), and Norway ($332k).

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