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2023
Exports $3.66MWorld Rnk 39 / 158
Flag Rnk 138 / 1002
2023
Destination $3.53k Peru
2022 - 2023
FASTEST GROWING MARKET $3.53kAustralia
2023
PRODUCT COMPLEXITY IN Mill Machinery0.44Rnk 391 / 1025
2023
Imports $15.3MWorld Rnk 44 / 199
Flag Rnk 278 / 1173
2023
Origin $656k China
2022 - 2023
FASTEST GROWING ORIGIN $656kCzechia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $3.66M in Mill Machinery, making it the 39th largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 138th most exported product in Ecuador. The main destination of Mill Machinery exports from Ecuador are: Peru ($3.54M), Bolivia ($111k), Colombia ($6.11k), Australia ($3.53k), and Italy ($1.99k).

The fastest growing export markets for Mill Machinery of Ecuador between 2022 and 2023 were Australia ($3.53k), Italy ($1.99k), and Honduras ($600).

Imports In 2023, Ecuador imported $15.3M in Mill Machinery, becoming the 44th largest importer of Mill Machinery in the world. At the same year, Mill Machinery was the 278th most imported product in Ecuador. Ecuador imports Mill Machinery primarily from: China ($8.45M), United States ($1.44M), Italy ($992k), Brazil ($893k), and Czechia ($680k).

The fastest growing import markets in Mill Machinery for Ecuador between 2022 and 2023 were Czechia ($656k), United States ($307k), and Turkey ($248k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Mill Machinery exports accounted up to $293k and imports accounted up to $3.46M, resulting in a negative trade balance of $3.17M. Between October 2020 and November 2021 the exports of Ecuador's   Mill Machinery have decreased by $-98.6k (-25.2%) from $392k to $293k, while imports increased by $2.7M (356%) from $760k to $3.46M.

Destinations In November 2021, Mill Machinery were exported mostly to , and were imported mostly from China ($2.81M), Switzerland ($238k), Hong Kong ($79.5k), United States ($76.5k), and Netherlands ($71.1k).

Growth In November 2021, the decrease in Mill Machinery's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Mill Machinery's year-by-year imports was explained primarily by an increase in imports from Brazil ($112k or 146%), Denmark ($1.71k or 2.86%), and United Kingdom ($990 or 540%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - November 2021)$-98.6k(-25.2%)
IMPORT GROWTH (December 2020 - December 2021)$2.7M(356%)
MAIN DESTINATION (November 2021)

This section shows Mill Machinery'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 Mill Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.66M
IMPORTS (2023)$15.3M
NET TRADE (2023)-$11.7M

In 2023, Ecuador exported $3.66M in Mill Machinery. The main destinations of Ecuador exports on Mill Machinery were Peru ($3.54M), Bolivia ($111k), Colombia ($6.11k), Australia ($3.53k), and Italy ($1.99k).

In 2023, Ecuador imported $15.3M in Mill Machinery, mainly from China ($8.45M), United States ($1.44M), Italy ($992k), Brazil ($893k), and Czechia ($680k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Australia$3.53k (1%)
Italy$1.99k (1%)
Honduras$600 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY Ecuador WERE (2022 - 2023):
Bolivia-$791k (-87.7%)
Peru-$597k (-14.4%)
Chile-$320k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Mill Machinery were:
China $694M
Turkey $258M
Italy $209M
In 2023, Ecuador's main importing competitors in Mill Machinery were:
India $241M
United States $124M
Nigeria $97.2M

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $12.4k
TOP IMPORT POTENTIALUnited States+ $170k

Mill Machinery’s highest export potential is Guatemala. With an export gap of $12.4k.   Mill Machinery’s highest import potential is United States with an import gap of $170k.

See methodology.

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