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2022
Exports $4.23MWorld Rnk 93 / 226
Flag Rnk 140 / 1017
2022
Destination $355k Peru
2021 - 2022
FASTEST GROWING MARKET $355kGermany
2022
PRODUCT COMPLEXITY IN Knit T-shirts-1.34Rnk 921 / 1025
2022
Imports $33.5MWorld Rnk 89 / 223
Flag Rnk 162 / 1175
2022
Origin $1.68M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $1.68MBangladesh
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $4.23M in Knit T-shirts, making it the 93rd largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 140th most exported product in Ecuador. The main destination of Knit T-shirts exports from Ecuador are: Peru ($1.37M), Germany ($1.01M), Bolivia ($924k), Colombia ($281k), and Switzerland ($227k).

The fastest growing export markets for Knit T-shirts of Ecuador between 2021 and 2022 were Germany ($355k), Bolivia ($104k), and Switzerland ($80.7k).

Imports In 2022, Ecuador imported $33.5M in Knit T-shirts, becoming the 89th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 162nd most imported product in Ecuador. Ecuador imports Knit T-shirts primarily from: Colombia ($6.32M), Bangladesh ($5.12M), Spain ($4M), Peru ($3.78M), and China ($3.52M).

The fastest growing import markets in Knit T-shirts for Ecuador between 2021 and 2022 were Bangladesh ($1.68M), Peru ($1.24M), and China ($925k).

COMPANIES In 2021, leading companies such as Giorgio Armani (1) were at the forefront of shipping Knit T-shirts from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Knit T-shirts exports accounted up to $858k and imports accounted up to $2.8M, resulting in a negative trade balance of $1.94M. Between December 2020 and December 2021 the exports of Ecuador's   Knit T-shirts have increased by $631k (278%) from $227k to $858k, while imports increased by $500k (21.7%) from $2.3M to $2.8M.

Destinations In December 2021, Knit T-shirts were exported mostly to Peru ($527k), United States ($101k), Colombia ($79.8k), Germany ($69.7k), and Paraguay ($55.7k), and were imported mostly from Colombia ($637k), China ($587k), Bangladesh ($348k), Peru ($157k), and Turkey ($153k).

Growth In December 2021, the increase in Knit T-shirts's year-by-year exports was explained primarily by an increase in exports to Peru ($143k or 89.4%) and Panama ($217 or 47.1%). In December 2021, the increase in Knit T-shirts's year-by-year imports was explained primarily by an increase in imports from Indonesia ($20.6k or 118%), Pakistan ($12.4k or 34.2%), and Paraguay ($7.95k or 237%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$631k(278%)
IMPORT GROWTH (December 2020 - December 2021)$500k(21.7%)
MAIN DESTINATION (December 2021)Peru$527k

This section shows Knit T-shirts'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 Knit T-shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.23M
IMPORTS (2022)$33.5M
NET TRADE (2022)-$29.3M

In 2022, Ecuador exported $4.23M in Knit T-shirts. The main destinations of Ecuador exports on Knit T-shirts were Peru ($1.37M), Germany ($1.01M), Bolivia ($924k), Colombia ($281k), and Switzerland ($227k).

In 2022, Ecuador imported $33.5M in Knit T-shirts, mainly from Colombia ($6.32M), Bangladesh ($5.12M), Spain ($4M), Peru ($3.78M), and China ($3.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Germany$355k (54.3%)
Bolivia$104k (12.7%)
Switzerland$80.7k (55.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Ecuador WERE (2021 - 2022):
Peru-$1.19M (-46.5%)
United States-$287k (-75.8%)
Paraguay-$40.8k (-44.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Knit T-shirts were:
China $9.12B
Bangladesh $9.06B
Turkey $2.8B
In 2022, Ecuador's main importing competitors in Knit T-shirts were:
United States $11.5B
Germany $5.63B
France $2.7B

Explore Visualizations

Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.5M
TOP IMPORT POTENTIALChina+ $2.24M

Knit T-shirts’s highest export potential is Germany. With an export gap of $1.5M.   Knit T-shirts’s highest import potential is China with an import gap of $2.24M.

See methodology.

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