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2023
Exports $528kWorld Rnk 74 / 164
Flag Rnk 324 / 1002
2023
Destination $122k Mexico
2022 - 2023
FASTEST GROWING MARKET $122kMexico
2023
PRODUCT COMPLEXITY IN Other Agricultural Machinery0.92Rnk 198 / 1025
2023
Imports $50.6MWorld Rnk 45 / 220
Flag Rnk 99 / 1173
2023
Origin $9.98M China
2022 - 2023
FASTEST GROWING ORIGIN $9.98MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $528k in Other Agricultural Machinery, making it the 74th largest exporter of Other Agricultural Machinery in the world. At the same year, Other Agricultural Machinery was the 324th most exported product in Ecuador. The main destination of Other Agricultural Machinery exports from Ecuador are: Mexico ($408k), Italy ($94.9k), El Salvador ($12.1k), Peru ($6.18k), and Romania ($2.77k).

The fastest growing export markets for Other Agricultural Machinery of Ecuador between 2022 and 2023 were Mexico ($122k), Italy ($94.9k), and El Salvador ($12.1k).

Imports In 2023, Ecuador imported $50.6M in Other Agricultural Machinery, becoming the 45th largest importer of Other Agricultural Machinery in the world. At the same year, Other Agricultural Machinery was the 99th most imported product in Ecuador. Ecuador imports Other Agricultural Machinery primarily from: China ($21.2M), Australia ($6.95M), United States ($6.59M), Brazil ($3.87M), and Canada ($2.07M).

The fastest growing import markets in Other Agricultural Machinery for Ecuador between 2022 and 2023 were China ($9.98M), Australia ($1.61M), and Canada ($1.49M).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Other Agricultural Machinery exports accounted up to $10.6k and imports accounted up to $1.34M, resulting in a negative trade balance of $1.33M. Between July 2019 and November 2021 the exports of Ecuador's   Other Agricultural Machinery have decreased by $-85.1k (-88.9%) from $95.8k to $10.6k, while imports decreased by $-944k (-41.3%) from $2.29M to $1.34M.

Destinations In November 2021, Other Agricultural Machinery were exported mostly to , and were imported mostly from United States ($678k), China ($368k), Brazil ($127k), Italy ($52.9k), and Netherlands ($36k).

Growth In November 2021, the decrease in Other Agricultural Machinery's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Other Agricultural Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany ($-108k or -94.2%), Switzerland ($-28.8k or -80.7%), and Spain ($-24k or -35.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2019 - November 2021)$-85.1k(-88.9%)
IMPORT GROWTH (December 2020 - December 2021)$-944k(-41.3%)
MAIN DESTINATION (November 2021)

This section shows Other Agricultural 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 Other Agricultural Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$528k
IMPORTS (2023)$50.6M
NET TRADE (2023)-$50.1M

In 2023, Ecuador exported $528k in Other Agricultural Machinery. The main destinations of Ecuador exports on Other Agricultural Machinery were Mexico ($408k), Italy ($94.9k), El Salvador ($12.1k), Peru ($6.18k), and Romania ($2.77k).

In 2023, Ecuador imported $50.6M in Other Agricultural Machinery, mainly from China ($21.2M), Australia ($6.95M), United States ($6.59M), Brazil ($3.87M), and Canada ($2.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Agricultural Machinery EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Mexico$122k (42.7%)
Italy$94.9k (1%)
El Salvador$12.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Agricultural Machinery BY Ecuador WERE (2022 - 2023):
Colombia-$103k (-100%)
Uruguay-$63k (-100%)
Costa Rica-$43.9k (-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 Other Agricultural Machinery were:
Germany $1.17B
Netherlands $948M
China $892M
In 2023, Ecuador's main importing competitors in Other Agricultural Machinery were:
United States $1.59B
Germany $558M
Canada $452M

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Trade Value of Other Agricultural Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $64.1k
TOP IMPORT POTENTIALGermany+ $1.19M

Other Agricultural Machinery’s highest export potential is United States. With an export gap of $64.1k.   Other Agricultural Machinery’s highest import potential is Germany with an import gap of $1.19M.

See methodology.

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