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2022
Exports $4.27MWorld Rnk 72 / 216
Flag Rnk 137 / 1017
2022
Destination $752k Colombia
2021 - 2022
FASTEST GROWING MARKET $752kColombia
2022
PRODUCT COMPLEXITY IN Electric Motors0.76Rnk 259 / 1025
2022
Imports $52.5MWorld Rnk 70 / 226
Flag Rnk 99 / 1175
2022
Origin $5.73M China
2021 - 2022
FASTEST GROWING ORIGIN $5.73MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $4.27M in Electric Motors, making it the 72nd largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 137th most exported product in Ecuador. The main destination of Electric Motors exports from Ecuador are: Colombia ($1.19M), Netherlands ($731k), India ($669k), Malaysia ($615k), and Panama ($291k).

The fastest growing export markets for Electric Motors of Ecuador between 2021 and 2022 were Colombia ($752k), Netherlands ($730k), and Malaysia ($615k).

Imports In 2022, Ecuador imported $52.5M in Electric Motors, becoming the 70th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 99th most imported product in Ecuador. Ecuador imports Electric Motors primarily from: China ($19.9M), Brazil ($6.53M), United States ($5.6M), United Kingdom ($2.49M), and Germany ($1.84M).

The fastest growing import markets in Electric Motors for Ecuador between 2021 and 2022 were China ($5.73M), United Kingdom ($1.55M), and Austria ($1.55M).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (1) were at the forefront of shipping Electric Motors from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Electric Motors exports accounted up to $150k and imports accounted up to $3.47M, resulting in a negative trade balance of $3.32M. Between December 2020 and December 2021 the exports of Ecuador's   Electric Motors have decreased by $-74.5k (-33.2%) from $224k to $150k, while imports increased by $327k (10.4%) from $3.14M to $3.47M.

Destinations In December 2021, Electric Motors were exported mostly to Colombia ($63.1k), India ($52.5k), United States ($28.2k), Costa Rica ($5.64k), and Dominican Republic ($174), and were imported mostly from China ($1.25M), Brazil ($1.01M), United States ($460k), Mexico ($207k), and Colombia ($152k).

Growth In December 2021, the decrease in Electric Motors's year-by-year exports was explained primarily by a decrease in exports to Peru ($-84.6k or -99.8%). In December 2021, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from United States ($241k or 55.9%), Italy ($135k or 52.3%), and India ($103k or 125k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-74.5k(-33.2%)
IMPORT GROWTH (December 2020 - December 2021)$327k(10.4%)
MAIN DESTINATION (December 2021)Colombia$63.1k

This section shows Electric Motors'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 Motors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.27M
IMPORTS (2022)$52.5M
NET TRADE (2022)-$48.2M

In 2022, Ecuador exported $4.27M in Electric Motors. The main destinations of Ecuador exports on Electric Motors were Colombia ($1.19M), Netherlands ($731k), India ($669k), Malaysia ($615k), and Panama ($291k).

In 2022, Ecuador imported $52.5M in Electric Motors, mainly from China ($19.9M), Brazil ($6.53M), United States ($5.6M), United Kingdom ($2.49M), and Germany ($1.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$752k (170%)
Netherlands$730k (69k%)
Malaysia$615k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Ecuador WERE (2021 - 2022):
Hong Kong-$488k (-100%)
India-$422k (-38.7%)
Mexico-$182k (-68.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Ecuador's main importing competitors in Electric Motors were:
United States $12.1B
Germany $7.08B
China $4.2B

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $180k
TOP IMPORT POTENTIALChina+ $5.97M

Electric Motors’s highest export potential is United States. With an export gap of $180k.   Electric Motors’s highest import potential is China with an import gap of $5.97M.

See methodology.

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