2023
Exports
$2.34MWorld Rnk 76 / 216
Flag Rnk 170 / 1002
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$60.8MWorld Rnk 80 / 225
Flag Rnk 81 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $2.34M in Electric Heaters, making it the 76th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 170th most exported product in Ecuador. The main destination of Electric Heaters exports from Ecuador are: Colombia ($1.88M), Ireland ($124k), Costa Rica ($88.8k), Brazil ($40k), and Mexico ($39k).

The fastest growing export markets for Electric Heaters of Ecuador between 2022 and 2023 were Mexico ($38.5k), Turkey ($16.1k), and Panama ($14.8k).

Imports In 2023, Ecuador imported $60.8M in Electric Heaters, becoming the 80th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 81st most imported product in Ecuador. Ecuador imports Electric Heaters primarily from: China ($43.2M), Brazil ($4.32M), United States ($3.1M), Italy ($2.33M), and Spain ($1.36M).

The fastest growing import markets in Electric Heaters for Ecuador between 2022 and 2023 were Italy ($1.36M), United States ($762k), and Peru ($555k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-18.3k(-76.6%)
IMPORT GROWTH (December 2020 - December 2021)$789k(18.9%)
MAIN DESTINATION (December 2021)Dominican Republic$4.55k

This section shows Electric Heaters'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 Electric Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.34M
IMPORTS (2023)$60.8M
NET TRADE (2023)-$58.5M

In 2023, Ecuador exported $2.34M in Electric Heaters. The main destinations of Ecuador exports on Electric Heaters were Colombia ($1.88M), Ireland ($124k), Costa Rica ($88.8k), Brazil ($40k), and Mexico ($39k).

In 2023, Ecuador imported $60.8M in Electric Heaters, mainly from China ($43.2M), Brazil ($4.32M), United States ($3.1M), Italy ($2.33M), and Spain ($1.36M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Mexico$38.5k (6.89k%)
Turkey$16.1k (10.5k%)
Panama$14.8k (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Ecuador WERE (2022 - 2023):
Ireland-$693k (-84.9%)
Costa Rica-$292k (-76.7%)
Colombia-$152k (-7.48%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Electric Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Ecuador's main importing competitors in Electric Heaters were:

Explore Visualizations

Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $549k
TOP IMPORT POTENTIALChina+ $10.4M

Electric Heaters’s highest export potential is Colombia. With an export gap of $549k.   Electric Heaters’s highest import potential is China with an import gap of $10.4M.

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