Industrial Food Preperation Machinery in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $4.33M in Industrial Food Preperation Machinery, making it the 64th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 136th most exported product in Ecuador. The main destination of Industrial Food Preperation Machinery exports from Ecuador are: Colombia ($2.79M), Spain ($559k), Guatemala ($511k), Chile ($165k), and United States ($110k).

The fastest growing export markets for Industrial Food Preperation Machinery of Ecuador between 2021 and 2022 were Colombia ($2.73M), Spain ($551k), and Guatemala ($462k).

Imports In 2022, Ecuador imported $85.9M in Industrial Food Preperation Machinery, becoming the 43rd largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 61st most imported product in Ecuador. Ecuador imports Industrial Food Preperation Machinery primarily from: China ($38.6M), United States ($12.6M), Netherlands ($7.59M), Spain ($5.71M), and Italy ($2.98M).

The fastest growing import markets in Industrial Food Preperation Machinery for Ecuador between 2021 and 2022 were China ($28.5M), Netherlands ($6.9M), and United States ($4.18M).

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Industrial Food Preperation Machinery exports accounted up to $77.8 and imports accounted up to $4.53M, resulting in a negative trade balance of $4.53M. Between October 2020 and December 2021 the exports of Ecuador's Industrial Food Preperation Machinery have decreased by $-164k (-100%) from $164k to $77.8, while imports increased by $1.88M (71.2%) from $2.65M to $4.53M.

Destinations In December 2021, Industrial Food Preperation Machinery were exported mostly to Peru ($77.8), and were imported mostly from Denmark ($1.2M), China ($970k), Spain ($414k), Germany ($371k), and Slovakia ($367k).

Growth In December 2021, the decrease in Industrial Food Preperation Machinery's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Industrial Food Preperation Machinery's year-by-year imports was explained primarily by an increase in imports from Denmark ($743k or 809%), China ($664k or 284%), and Mexico ($32.1k or 369%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2020 - December 2021)$-164k(-100%)

IMPORT GROWTH (December 2020 - December 2021)$1.88M(71.2%)

MAIN DESTINATION (December 2021)Peru$77.8

This section shows Industrial Food Preperation Machinery'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 Industrial Food Preperation Machinery over time.

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