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2023
Exports $4.27MWorld Rnk 65 / 212
Flag Rnk 128 / 1002
2023
Destination $1.58M Colombia
2022 - 2023
FASTEST GROWING MARKET $1.58MColombia
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.77Rnk 16 / 1025
2023
Imports $31.7MWorld Rnk 69 / 223
Flag Rnk 152 / 1173
2023
Origin $1.27M United States
2022 - 2023
FASTEST GROWING ORIGIN $1.27MUnited States
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $4.27M in Interchangeable Tool Parts, making it the 65th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 128th most exported product in Ecuador. The main destination of Interchangeable Tool Parts exports from Ecuador are: Colombia ($2.06M), United States ($1.85M), Mexico ($134k), Peru ($112k), and Chile ($28k).

The fastest growing export markets for Interchangeable Tool Parts of Ecuador between 2022 and 2023 were Colombia ($1.58M), United States ($1.34M), and Mexico ($93.6k).

Imports In 2023, Ecuador imported $31.7M in Interchangeable Tool Parts, becoming the 69th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 152nd most imported product in Ecuador. Ecuador imports Interchangeable Tool Parts primarily from: United States ($12.5M), China ($6.99M), Italy ($1.96M), Germany ($1.39M), and Sweden ($1.3M).

The fastest growing import markets in Interchangeable Tool Parts for Ecuador between 2022 and 2023 were United States ($1.27M), Brazil ($332k), and Germany ($290k).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (251) and Amazon Produce Network (8) were at the forefront of shipping Interchangeable Tool Parts from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Interchangeable Tool Parts exports accounted up to $189k and imports accounted up to $3.58M, resulting in a negative trade balance of $3.39M. Between December 2020 and December 2021 the exports of Ecuador's   Interchangeable Tool Parts have increased by $79.2k (71.8%) from $110k to $189k, while imports increased by $1.55M (76.9%) from $2.02M to $3.58M.

Destinations In December 2021, Interchangeable Tool Parts were exported mostly to Colombia ($186k) and United States ($3.84k), and were imported mostly from Spain ($881k), China ($706k), United States ($564k), Canada ($482k), and Germany ($283k).

Growth In December 2021, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from Italy ($147k or 376%), Germany ($76.2k or 76.3%), and Sweden ($55.5k or 673%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$79.2k(71.8%)
IMPORT GROWTH (December 2020 - December 2021)$1.55M(76.9%)
MAIN DESTINATION (December 2021)Colombia$186k

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.27M
IMPORTS (2023)$31.7M
NET TRADE (2023)-$27.4M

In 2023, Ecuador exported $4.27M in Interchangeable Tool Parts. The main destinations of Ecuador exports on Interchangeable Tool Parts were Colombia ($2.06M), United States ($1.85M), Mexico ($134k), Peru ($112k), and Chile ($28k).

In 2023, Ecuador imported $31.7M in Interchangeable Tool Parts, mainly from United States ($12.5M), China ($6.99M), Italy ($1.96M), Germany ($1.39M), and Sweden ($1.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Colombia$1.58M (323%)
United States$1.34M (264%)
Mexico$93.6k (233%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Ecuador WERE (2022 - 2023):
Australia-$71.4k (-100%)
Poland-$63k (-94.1%)
Norway-$18k (-69.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Interchangeable Tool Parts were:
China $4.99B
Germany $4.03B
United States $1.99B
In 2023, Ecuador's main importing competitors in Interchangeable Tool Parts were:
United States $3.05B
Germany $2.21B
Mexico $1.66B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $144k
TOP IMPORT POTENTIALChina+ $3.08M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $144k.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $3.08M.

See methodology.

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