2023
Exports
$61.1MWorld Rnk 74 / 223
Flag Rnk 34 / 1002
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$158MWorld Rnk 79 / 225
Flag Rnk 30 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $61.1M in Insulated Wire, making it the 74th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 34th most exported product in Ecuador. The main destination of Insulated Wire exports from Ecuador are: United States ($50M), Colombia ($3.84M), Panama ($3.08M), Greece ($2.63M), and Germany ($358k).

The fastest growing export markets for Insulated Wire of Ecuador between 2022 and 2023 were Panama ($2.3M), Greece ($1.84M), and Poland ($175k).

Imports In 2023, Ecuador imported $158M in Insulated Wire, becoming the 79th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 30th most imported product in Ecuador. Ecuador imports Insulated Wire primarily from: China ($52.6M), Colombia ($34.6M), United States ($26.8M), Chile ($15.6M), and Brazil ($11.4M).

The fastest growing import markets in Insulated Wire for Ecuador between 2022 and 2023 were Brazil ($3.78M), United States ($1.95M), and Spain ($801k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-1.4M(-38.9%)
IMPORT GROWTH (December 2020 - December 2021)$4.76M(51.3%)
MAIN DESTINATION (December 2021)United States$2.1M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$61.1M
IMPORTS (2023)$158M
NET TRADE (2023)-$97.2M

In 2023, Ecuador exported $61.1M in Insulated Wire. The main destinations of Ecuador exports on Insulated Wire were United States ($50M), Colombia ($3.84M), Panama ($3.08M), Greece ($2.63M), and Germany ($358k).

In 2023, Ecuador imported $158M in Insulated Wire, mainly from China ($52.6M), Colombia ($34.6M), United States ($26.8M), Chile ($15.6M), and Brazil ($11.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Panama$2.3M (293%)
Greece$1.84M (231%)
Poland$175k (1.29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Ecuador WERE (2022 - 2023):
United States-$7.72M (-13.4%)
Colombia-$2.23M (-36.7%)
Peru-$783k (-72.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Insulated Wire were:
In 2023, Ecuador's main importing competitors in Insulated Wire were:

Explore Visualizations

Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28.2M
TOP IMPORT POTENTIALChina+ $16.3M

Insulated Wire’s highest export potential is United States. With an export gap of $28.2M.   Insulated Wire’s highest import potential is China with an import gap of $16.3M.

See methodology.

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