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Pricing

2022
Exports $281kWorld Rnk 94 / 201
Flag Rnk 426 / 1017
2022
Destination $81.1k Panama
2021 - 2022
FASTEST GROWING MARKET $81.1kPanama
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $17.6MWorld Rnk 66 / 220
Flag Rnk 263 / 1175
2022
Origin $863k China
2021 - 2022
FASTEST GROWING ORIGIN $863kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $281k in Electric Soldering Equipment, making it the 94th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 426th most exported product in Ecuador. The main destination of Electric Soldering Equipment exports from Ecuador are: Panama ($81.2k), United States ($52.3k), Spain ($47k), Germany ($33.8k), and Colombia ($27.9k).

The fastest growing export markets for Electric Soldering Equipment of Ecuador between 2021 and 2022 were Panama ($81.1k), Spain ($47k), and Germany ($32.6k).

Imports In 2022, Ecuador imported $17.6M in Electric Soldering Equipment, becoming the 66th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 263rd most imported product in Ecuador. Ecuador imports Electric Soldering Equipment primarily from: China ($9.43M), United States ($3.57M), South Korea ($928k), Germany ($589k), and Italy ($491k).

The fastest growing import markets in Electric Soldering Equipment for Ecuador between 2021 and 2022 were United States ($863k), Greece ($287k), and Germany ($253k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Electric Soldering Equipment exports accounted up to $5.1k and imports accounted up to $1.38M, resulting in a negative trade balance of $1.38M. Between November 2020 and December 2021 the exports of Ecuador's   Electric Soldering Equipment have increased by $4.73k (1.28k%) from $369 to $5.1k, while imports increased by $177k (14.7%) from $1.21M to $1.38M.

Destinations In December 2021, Electric Soldering Equipment were exported mostly to Italy ($5.09k) and Panama ($8.8), and were imported mostly from China ($897k), United States ($215k), Italy ($108k), Switzerland ($50.9k), and South Korea ($28.2k).

Growth In December 2021, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from United States ($85.5k or 70.8%), Japan ($64.4k or 25.9k%), and Chinese Taipei ($33.9k or 509%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$4.73k(1.28k%)
IMPORT GROWTH (December 2020 - December 2021)$177k(14.7%)
MAIN DESTINATION (December 2021)Italy$5.09k

This section shows Electric Soldering Equipment'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 Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$281k
IMPORTS (2022)$17.6M
NET TRADE (2022)-$17.3M

In 2022, Ecuador exported $281k in Electric Soldering Equipment. The main destinations of Ecuador exports on Electric Soldering Equipment were Panama ($81.2k), United States ($52.3k), Spain ($47k), Germany ($33.8k), and Colombia ($27.9k).

In 2022, Ecuador imported $17.6M in Electric Soldering Equipment, mainly from China ($9.43M), United States ($3.57M), South Korea ($928k), Germany ($589k), and Italy ($491k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Panama$81.1k (47.1k%)
Spain$47k (247k%)
Germany$32.6k (2.67k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Ecuador WERE (2021 - 2022):
Belgium-$115k (-100%)
Mexico-$90.6k (-100%)
Colombia-$57.2k (-67.2%)
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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 Soldering Equipment were:
China $2.65B
Germany $2.39B
United States $1.09B
In 2022, Ecuador's main importing competitors in Electric Soldering Equipment were:
United States $1.95B
China $965M
Germany $855M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $71.5k
TOP IMPORT POTENTIALChina+ $707k

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $71.5k.   Electric Soldering Equipment’s highest import potential is China with an import gap of $707k.

See methodology.

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