2023
Exports
$219kWorld Rnk 92 / 199
Flag Rnk 436 / 1002
2023
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.42Rnk 61 / 1025
2023
Imports
$10.2MWorld Rnk 72 / 218
Flag Rnk 358 / 1173
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

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).

Explore Visualizations

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%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Metalworking Machine Parts were:
In 2023, Ecuador's main importing competitors in Metalworking Machine Parts were:

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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.

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