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2023
Exports $649kWorld Rnk 99 / 203
Flag Rnk 296 / 1002
2023
Destination $150k Costa Rica
2022 - 2023
FASTEST GROWING MARKET $150kCosta Rica
2023
PRODUCT COMPLEXITY IN Orthopedic Appliances1.09Rnk 148 / 1025
2023
Imports $67.8MWorld Rnk 65 / 220
Flag Rnk 73 / 1173
2023
Origin $2.5M United States
2022 - 2023
FASTEST GROWING ORIGIN $2.5MIreland
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $649k in Orthopedic Appliances, making it the 99th largest exporter of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 296th most exported product in Ecuador. The main destination of Orthopedic Appliances exports from Ecuador are: Costa Rica ($150k), Belgium ($76.1k), France ($74.5k), Australia ($68k), and United States ($64.4k).

The fastest growing export markets for Orthopedic Appliances of Ecuador between 2022 and 2023 were Costa Rica ($150k), Australia ($46.3k), and Belgium ($43.4k).

Imports In 2023, Ecuador imported $67.8M in Orthopedic Appliances, becoming the 65th largest importer of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 73rd most imported product in Ecuador. Ecuador imports Orthopedic Appliances primarily from: United States ($13.2M), China ($5.64M), India ($5.47M), Ireland ($4.98M), and Germany ($3.99M).

The fastest growing import markets in Orthopedic Appliances for Ecuador between 2022 and 2023 were Ireland ($2.5M), India ($1.65M), and Italy ($1.61M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Orthopedic Appliances exports accounted up to $9.6 and imports accounted up to $4.18M, resulting in a negative trade balance of $4.18M. Between November 2020 and December 2021 the exports of Ecuador's   Orthopedic Appliances have decreased by $-49.1k (-100%) from $49.1k to $9.6, while imports increased by $588k (16.3%) from $3.6M to $4.18M.

Destinations In December 2021, Orthopedic Appliances were exported mostly to Panama ($9.6), and were imported mostly from United States ($733k), China ($658k), Ireland ($483k), India ($459k), and Germany ($325k).

Growth In December 2021, the decrease in Orthopedic Appliances's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Orthopedic Appliances's year-by-year imports was explained primarily by an increase in imports from Brazil ($58.9k or 154%), Costa Rica ($57.3k or 1.12k%), and Singapore ($31.8k or 29.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$-49.1k(-100%)
IMPORT GROWTH (December 2020 - December 2021)$588k(16.3%)
MAIN DESTINATION (December 2021)Panama$9.6

This section shows Orthopedic Appliances'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 Orthopedic Appliances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$649k
IMPORTS (2023)$67.8M
NET TRADE (2023)-$67.1M

In 2023, Ecuador exported $649k in Orthopedic Appliances. The main destinations of Ecuador exports on Orthopedic Appliances were Costa Rica ($150k), Belgium ($76.1k), France ($74.5k), Australia ($68k), and United States ($64.4k).

In 2023, Ecuador imported $67.8M in Orthopedic Appliances, mainly from United States ($13.2M), China ($5.64M), India ($5.47M), Ireland ($4.98M), and Germany ($3.99M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Orthopedic Appliances EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Costa Rica$150k (38.8k%)
Australia$46.3k (214%)
Belgium$43.4k (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Orthopedic Appliances BY Ecuador WERE (2022 - 2023):
Colombia-$88.8k (-100%)
Norway-$35.8k (-97.8%)
El Salvador-$25.2k (-68.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Orthopedic Appliances were:
United States $14.6B
Switzerland $7.92B
Ireland $7.61B
In 2023, Ecuador's main importing competitors in Orthopedic Appliances were:
United States $15.8B
Netherlands $8.92B
Germany $5.08B

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Trade Value of Orthopedic Appliances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $121k
TOP IMPORT POTENTIALUnited States+ $5.13M

Orthopedic Appliances’s highest export potential is United States. With an export gap of $121k.   Orthopedic Appliances’s highest import potential is United States with an import gap of $5.13M.

See methodology.

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