Hand Tools in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $39.5k in Hand Tools, making it the 95th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 644th most exported product in Ecuador. The main destination of Hand Tools exports from Ecuador are: Papua New Guinea ($15.4k), Colombia ($9.87k), Dominican Republic ($6.39k), Germany ($5.05k), and Vietnam ($872).

The fastest growing export markets for Hand Tools of Ecuador between 2021 and 2022 were Colombia ($8.62k), Dominican Republic ($6.39k), and Germany ($5.05k).

Imports In 2022, Ecuador imported $8.64M in Hand Tools, becoming the 57th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 400th most imported product in Ecuador. Ecuador imports Hand Tools primarily from: China ($3.95M), Colombia ($2.39M), United States ($771k), India ($373k), and Mexico ($209k).

The fastest growing import markets in Hand Tools for Ecuador between 2021 and 2022 were India ($257k), China ($152k), and Germany ($41.6k).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Hand Tools from Ecuador to the United States.

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), Taiwan ($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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$39.5k

IMPORTS (2022)$8.64M

NET TRADE (2022)-$8.6M

In 2022, Ecuador exported $39.5k in Hand Tools. The main destinations of Ecuador exports on Hand Tools were Papua New Guinea ($15.4k), Colombia ($9.87k), Dominican Republic ($6.39k), Germany ($5.05k), and Vietnam ($872).

In 2022, Ecuador imported $8.64M in Hand Tools, mainly from China ($3.95M), Colombia ($2.39M), United States ($771k), India ($373k), and Mexico ($209k).

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