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2023
Exports $18.2kWorld Rnk 116 / 196
Flag Rnk 725 / 1002
2023
Destination $7.9k Mexico
2022 - 2023
FASTEST GROWING MARKET $7.9kMexico
2023
PRODUCT COMPLEXITY IN Hand Tools0.76Rnk 262 / 1025
2023
Imports $9.73MWorld Rnk 56 / 220
Flag Rnk 367 / 1173
2023
Origin $1.49M China
2022 - 2023
FASTEST GROWING ORIGIN $1.49MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $18.2k in Hand Tools, making it the 116th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 725th most exported product in Ecuador. The main destination of Hand Tools exports from Ecuador are: Mexico ($7.9k), Papua New Guinea ($6.75k), Chile ($1.91k), Colombia ($701), and Poland ($260).

The fastest growing export markets for Hand Tools of Ecuador between 2022 and 2023 were Mexico ($7.9k), Chile ($1.91k), and Poland ($223).

Imports In 2023, Ecuador imported $9.73M in Hand Tools, becoming the 56th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 367th most imported product in Ecuador. Ecuador imports Hand Tools primarily from: China ($5.79M), Colombia ($1.78M), United States ($580k), Switzerland ($374k), and Chinese Taipei ($286k).

The fastest growing import markets in Hand Tools for Ecuador between 2022 and 2023 were China ($1.49M), Switzerland ($83.9k), and Spain ($64.3k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Hand Tools exports accounted up to $188 and imports accounted up to $750k, resulting in a negative trade balance of $749k. Between October 2020 and December 2021 the exports of Ecuador's   Hand Tools have increased by $76.2 (68.1%) from $112 to $188, while imports increased by $236k (46%) from $513k to $750k.

Destinations In December 2021, Hand Tools were exported mostly to Peru ($167), Rest of the world ($12.7), and Panama ($9), and were imported mostly from China ($392k), Colombia ($214k), United States ($60.1k), Chinese Taipei ($45.6k), and Brazil ($11.7k).

Growth In December 2021, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Hand Tools's year-by-year imports was explained primarily by an increase in imports from Switzerland ($130k or 136%), Colombia ($116k or 255%), and China ($35.4k or 13.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - December 2021)$76.2(68.1%)
IMPORT GROWTH (December 2020 - December 2021)$236k(46%)
MAIN DESTINATION (December 2021)Peru$167

This section shows Hand Tools'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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$18.2k
IMPORTS (2023)$9.73M
NET TRADE (2023)-$9.71M

In 2023, Ecuador exported $18.2k in Hand Tools. The main destinations of Ecuador exports on Hand Tools were Mexico ($7.9k), Papua New Guinea ($6.75k), Chile ($1.91k), Colombia ($701), and Poland ($260).

In 2023, Ecuador imported $9.73M in Hand Tools, mainly from China ($5.79M), Colombia ($1.78M), United States ($580k), Switzerland ($374k), and Chinese Taipei ($286k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Mexico$7.9k (1%)
Chile$1.91k (1%)
Poland$223 (603%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Ecuador WERE (2022 - 2023):
Colombia-$9.17k (-92.9%)
Papua New Guinea-$8.65k (-56.2%)
Dominican Republic-$6.39k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Hand Tools were:
China $997M
Germany $448M
Chinese Taipei $235M
In 2023, Ecuador's main importing competitors in Hand Tools were:
United States $479M
Germany $204M
France $135M

Explore Visualizations

Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.92k
TOP IMPORT POTENTIALChina+ $454k

Hand Tools’s highest export potential is Germany. With an export gap of $4.92k.   Hand Tools’s highest import potential is China with an import gap of $454k.

See methodology.

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