2022
Exports
$3kWorld Rnk 121 / 166
Flag Rnk 845 / 1017
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.19Rnk 106 / 1025
2022
Imports
$2.26MWorld Rnk 54 / 204
Flag Rnk 647 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $3k in Musical Instrument Parts, making it the 121st largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 845th most exported product in Ecuador. The main destination of Musical Instrument Parts exports from Ecuador are: Romania ($1.94k), Spain ($638), Angola ($321), Chile ($42), and Canada ($38).

The fastest growing export markets for Musical Instrument Parts of Ecuador between 2021 and 2022 were Romania ($1.94k), Spain ($638), and Angola ($321).

Imports In 2022, Ecuador imported $2.26M in Musical Instrument Parts, becoming the 54th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 647th most imported product in Ecuador. Ecuador imports Musical Instrument Parts primarily from: China ($1.08M), United States ($611k), Hong Kong ($99.6k), Indonesia ($83k), and Italy ($72.3k).

The fastest growing import markets in Musical Instrument Parts for Ecuador between 2021 and 2022 were Indonesia ($81.1k), Hong Kong ($67.2k), and Thailand ($33.4k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Musical Instrument Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3k
IMPORTS (2022)$2.26M
NET TRADE (2022)-$2.25M

In 2022, Ecuador exported $3k in Musical Instrument Parts. The main destinations of Ecuador exports on Musical Instrument Parts were Romania ($1.94k), Spain ($638), Angola ($321), Chile ($42), and Canada ($38).

In 2022, Ecuador imported $2.26M in Musical Instrument Parts, mainly from China ($1.08M), United States ($611k), Hong Kong ($99.6k), Indonesia ($83k), and Italy ($72.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Romania$1.94k (1%)
Spain$638 (1%)
Angola$321 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Ecuador WERE (2021 - 2022):
Finland-$1.84k (-100%)
Italy-$1.72k (-100%)
Slovakia-$7 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ecuador's main exporting competitors in Musical Instrument Parts were:
In 2022, Ecuador's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $936
TOP IMPORT POTENTIALChina+ $124k

Musical Instrument Parts’s highest export potential is Spain. With an export gap of $936.   Musical Instrument Parts’s highest import potential is China with an import gap of $124k.

See methodology.

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