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Pricing

2022
Exports $4.07MWorld Rnk 91 / 192
Flag Rnk 143 / 1017
2022
Destination $1.09M United States
2021 - 2022
FASTEST GROWING MARKET $1.09MUnited States
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $10.4MWorld Rnk 109 / 207
Flag Rnk 360 / 1175
2022
Origin $1.64M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.64MUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $4.07M in Gas Turbines, making it the 91st largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 143rd most exported product in Ecuador. The main destination of Gas Turbines exports from Ecuador are: United States ($3.95M), Czechia ($64.7k), Netherlands ($26.3k), Israel ($16k), and Colombia ($7.5k).

The fastest growing export markets for Gas Turbines of Ecuador between 2021 and 2022 were United States ($1.09M), Netherlands ($26.3k), and Israel ($16k).

Imports In 2022, Ecuador imported $10.4M in Gas Turbines, becoming the 109th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 360th most imported product in Ecuador. Ecuador imports Gas Turbines primarily from: United States ($4.36M), Germany ($1.5M), United Kingdom ($1.2M), Switzerland ($1.15M), and Czechia ($636k).

The fastest growing import markets in Gas Turbines for Ecuador between 2021 and 2022 were United States ($1.64M), Germany ($1.43M), and United Kingdom ($1.16M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Gas Turbines exports accounted up to $27.7k and imports accounted up to $1.07M, resulting in a negative trade balance of $1.04M. Between October 2019 and December 2021 the exports of Ecuador's   Gas Turbines have increased by $22.2k (403%) from $5.5k to $27.7k, while imports increased by $958k (861%) from $111k to $1.07M.

Destinations In December 2021, Gas Turbines were exported mostly to United States ($27.7k), and were imported mostly from United States ($1.07M) and South Korea ($1.44k).

Growth In December 2021, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from India ($8.11k or 22%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2019 - December 2021)$22.2k(403%)
IMPORT GROWTH (December 2020 - December 2021)$958k(861%)
MAIN DESTINATION (December 2021)United States$27.7k

This section shows Gas Turbines'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 Gas Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.07M
IMPORTS (2022)$10.4M
NET TRADE (2022)-$6.31M

In 2022, Ecuador exported $4.07M in Gas Turbines. The main destinations of Ecuador exports on Gas Turbines were United States ($3.95M), Czechia ($64.7k), Netherlands ($26.3k), Israel ($16k), and Colombia ($7.5k).

In 2022, Ecuador imported $10.4M in Gas Turbines, mainly from United States ($4.36M), Germany ($1.5M), United Kingdom ($1.2M), Switzerland ($1.15M), and Czechia ($636k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$1.09M (38.3%)
Netherlands$26.3k (1%)
Israel$16k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Ecuador WERE (2021 - 2022):
Czechia-$151k (-70%)
Switzerland-$45.5k (-100%)
United Arab Emirates-$1.59k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Gas Turbines were:
United States $32.5B
United Kingdom $29.2B
France $13.6B
In 2022, Ecuador's main importing competitors in Gas Turbines were:
United States $26.2B
United Kingdom $11.5B
China $9.91B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $429k
TOP IMPORT POTENTIALUnited States+ $3.85M

Gas Turbines’s highest export potential is United States. With an export gap of $429k.   Gas Turbines’s highest import potential is United States with an import gap of $3.85M.

See methodology.

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