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2022
Exports $76.6kWorld Rnk 97 / 213
Flag Rnk 572 / 1017
2022
Destination $9.44k United States
2021 - 2022
FASTEST GROWING MARKET $9.44kUnited States
2022
PRODUCT COMPLEXITY IN Gaskets1.44Rnk 64 / 1025
2022
Imports $14.2MWorld Rnk 57 / 220
Flag Rnk 310 / 1175
2022
Origin $308k United States
2021 - 2022
FASTEST GROWING ORIGIN $308kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $76.6k in Gaskets, making it the 97th largest exporter of Gaskets in the world. At the same year, Gaskets was the 572nd most exported product in Ecuador. The main destination of Gaskets exports from Ecuador are: United States ($51.5k), Colombia ($7.8k), Netherlands ($3.1k), Panama ($3.07k), and Chile ($2.71k).

The fastest growing export markets for Gaskets of Ecuador between 2021 and 2022 were United States ($9.44k), Colombia ($3.34k), and Netherlands ($3.06k).

Imports In 2022, Ecuador imported $14.2M in Gaskets, becoming the 57th largest importer of Gaskets in the world. At the same year, Gaskets was the 310th most imported product in Ecuador. Ecuador imports Gaskets primarily from: United States ($2.64M), Peru ($1.86M), China ($1.7M), Japan ($1.6M), and South Korea ($1.14M).

The fastest growing import markets in Gaskets for Ecuador between 2021 and 2022 were China ($308k), Peru ($286k), and Italy ($277k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Gaskets exports accounted up to $18.6k and imports accounted up to $1.42M, resulting in a negative trade balance of $1.41M. Between November 2020 and December 2021 the exports of Ecuador's   Gaskets have increased by $9.09k (95.8%) from $9.49k to $18.6k, while imports decreased by $-241k (-14.5%) from $1.67M to $1.42M.

Destinations In December 2021, Gaskets were exported mostly to United States ($11k), Colombia ($3.61k), Chile ($2.61k), Brazil ($1.04k), and Belgium ($346), and were imported mostly from United States ($319k), China ($290k), Japan ($168k), Brazil ($114k), and Germany ($79.4k).

Growth In December 2021, the increase in Gaskets's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Gaskets's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-163k or -86.5%), Peru ($-98.3k or -54.8%), and Japan ($-73.9k or -22.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$9.09k(95.8%)
IMPORT GROWTH (December 2020 - December 2021)$-241k(-14.5%)
MAIN DESTINATION (December 2021)United States$11k

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$76.6k
IMPORTS (2022)$14.2M
NET TRADE (2022)-$14.1M

In 2022, Ecuador exported $76.6k in Gaskets. The main destinations of Ecuador exports on Gaskets were United States ($51.5k), Colombia ($7.8k), Netherlands ($3.1k), Panama ($3.07k), and Chile ($2.71k).

In 2022, Ecuador imported $14.2M in Gaskets, mainly from United States ($2.64M), Peru ($1.86M), China ($1.7M), Japan ($1.6M), and South Korea ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$9.44k (22.4%)
Colombia$3.34k (74.8%)
Netherlands$3.06k (7.65k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Ecuador WERE (2021 - 2022):
France-$14.8k (-100%)
New Zealand-$8.6k (-100%)
Malaysia-$4.74k (-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 Gaskets were:
Germany $824M
United States $757M
China $527M
In 2022, Ecuador's main importing competitors in Gaskets were:
United States $579M
China $299M
Germany $282M

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.2k
TOP IMPORT POTENTIALUnited States+ $787k

Gaskets’s highest export potential is United States. With an export gap of $23.2k.   Gaskets’s highest import potential is United States with an import gap of $787k.

See methodology.

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