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2023
Exports $219kWorld Rnk 92 / 199
Flag Rnk 436 / 1002
2023
Destination $73k Slovakia
2022 - 2023
FASTEST GROWING MARKET $73kSlovakia
2023
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.42Rnk 61 / 1025
2023
Imports $10.2MWorld Rnk 72 / 218
Flag Rnk 358 / 1173
2023
Origin $1.5M Italy
2022 - 2023
FASTEST GROWING ORIGIN $1.5MItaly
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $219k in Metalworking Machine Parts, making it the 92nd largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 436th most exported product in Ecuador. The main destination of Metalworking Machine Parts exports from Ecuador are: Slovakia ($73k), Switzerland ($53.1k), Peru ($18.1k), Italy ($15.4k), and United States ($9.61k).

The fastest growing export markets for Metalworking Machine Parts of Ecuador between 2022 and 2023 were Slovakia ($73k), Switzerland ($53.1k), and Peru ($13.5k).

Imports In 2023, Ecuador imported $10.2M in Metalworking Machine Parts, becoming the 72nd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 358th most imported product in Ecuador. Ecuador imports Metalworking Machine Parts primarily from: Italy ($3.1M), United States ($2.32M), China ($1.56M), Germany ($853k), and Switzerland ($361k).

The fastest growing import markets in Metalworking Machine Parts for Ecuador between 2022 and 2023 were Italy ($1.5M), Germany ($385k), and Switzerland ($152k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Metalworking Machine Parts exports accounted up to $28.7k and imports accounted up to $351k, resulting in a negative trade balance of $323k. Between April 2020 and November 2021 the exports of Ecuador's   Metalworking Machine Parts have increased by $23.8k (491%) from $4.85k to $28.7k, while imports decreased by $-325k (-48%) from $676k to $351k.

Destinations In November 2021, Metalworking Machine Parts were exported mostly to , and were imported mostly from United States ($99.7k), China ($93.1k), Germany ($86.3k), Spain ($22.3k), and Japan ($19k).

Growth In November 2021, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Metalworking Machine Parts's year-by-year imports was explained primarily by a decrease in imports from China ($-62.7k or -61.7%), Spain ($-21.2k or -90.7%), and Brazil ($-18.3k or -97.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2020 - November 2021)$23.8k(491%)
IMPORT GROWTH (December 2020 - December 2021)$-325k(-48%)
MAIN DESTINATION (November 2021)

This section shows Metalworking Machine 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 Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$219k
IMPORTS (2023)$10.2M
NET TRADE (2023)-$10M

In 2023, Ecuador exported $219k in Metalworking Machine Parts. The main destinations of Ecuador exports on Metalworking Machine Parts were Slovakia ($73k), Switzerland ($53.1k), Peru ($18.1k), Italy ($15.4k), and United States ($9.61k).

In 2023, Ecuador imported $10.2M in Metalworking Machine Parts, mainly from Italy ($3.1M), United States ($2.32M), China ($1.56M), Germany ($853k), and Switzerland ($361k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Slovakia$73k (1%)
Switzerland$53.1k (885k%)
Peru$13.5k (292%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Ecuador WERE (2022 - 2023):
Italy-$97.4k (-86.4%)
Spain-$23.8k (-92.5%)
Colombia-$17k (-72.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Metalworking Machine Parts were:
Germany $4.12B
China $2.27B
United States $1.68B
In 2023, Ecuador's main importing competitors in Metalworking Machine Parts were:
United States $3.03B
Germany $2B
China $1.62B

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $34.9k
TOP IMPORT POTENTIALChina+ $696k

Metalworking Machine Parts’s highest export potential is United States. With an export gap of $34.9k.   Metalworking Machine Parts’s highest import potential is China with an import gap of $696k.

See methodology.

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