2022
Exports
$3.23MWorld Rnk 76 / 215
Flag Rnk 160 / 1017
2022
PRODUCT COMPLEXITY IN Electric Heaters
0.46Rnk 379 / 1025
2022
Imports
$72.6MWorld Rnk 70 / 224
Flag Rnk 70 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $3.23M in Electric Heaters, making it the 76th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 160th most exported product in Ecuador. The main destination of Electric Heaters exports from Ecuador are: Colombia ($1.84M), Ireland ($813k), Costa Rica ($361k), El Salvador ($42k), and Brazil ($39.2k).

The fastest growing export markets for Electric Heaters of Ecuador between 2021 and 2022 were Colombia ($1.58M), Costa Rica ($298k), and Ireland ($64.8k).

Imports In 2022, Ecuador imported $72.6M in Electric Heaters, becoming the 70th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 70th most imported product in Ecuador. Ecuador imports Electric Heaters primarily from: China ($56.2M), Brazil ($4.38M), United States ($3.1M), Spain ($1.87M), and Italy ($1.27M).

The fastest growing import markets in Electric Heaters for Ecuador between 2021 and 2022 were Italy ($487k), United States ($427k), and Panama ($280k).

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 (2022)$3.23M
IMPORTS (2022)$72.6M
NET TRADE (2022)-$69.4M

In 2022, Ecuador exported $3.23M in Electric Heaters. The main destinations of Ecuador exports on Electric Heaters were Colombia ($1.84M), Ireland ($813k), Costa Rica ($361k), El Salvador ($42k), and Brazil ($39.2k).

In 2022, Ecuador imported $72.6M in Electric Heaters, mainly from China ($56.2M), Brazil ($4.38M), United States ($3.1M), Spain ($1.87M), and Italy ($1.27M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$1.58M (602%)
Costa Rica$298k (477%)
Ireland$64.8k (8.67%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Ecuador WERE (2021 - 2022):
Guatemala-$53.4k (-89.3%)
United States-$31.7k (-67.2%)
Mexico-$26.9k (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Electric Heaters were:
China $31.5B
Italy $2.96B
In 2022, 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.

See methodology.

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