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2022
Exports $504World Rnk 103 / 137
Flag Rnk 928 / 1017
2022
Destination $418 United States
2021 - 2022
FASTEST GROWING MARKET $418United States
2022
Imports $98.8kWorld Rnk 91 / 202
Flag Rnk 1023 / 1175
2022
Origin $21.1k China
2021 - 2022
FASTEST GROWING ORIGIN $21.1kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $504 in Other Musical Instruments, making it the 103rd largest exporter of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 928th most exported product in Ecuador. The main destination of Other Musical Instruments exports from Ecuador are: United States ($418), South Korea ($70), and France ($16).

The fastest growing export markets for Other Musical Instruments of Ecuador between 2021 and 2022 were United States ($418), France ($16), and South Korea ($9).

Imports In 2022, Ecuador imported $98.8k in Other Musical Instruments, becoming the 91st largest importer of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 1023rd most imported product in Ecuador. Ecuador imports Other Musical Instruments primarily from: China ($67.3k), Canada ($21.3k), United Kingdom ($5.53k), Chinese Taipei ($2.71k), and United States ($1.03k).

The fastest growing import markets in Other Musical Instruments for Ecuador between 2021 and 2022 were China ($21.1k), Canada ($18.4k), and United Kingdom ($5.53k).

Latest Trends

September 2020

About

Overview In September 2020 Ecuador's Other Musical Instruments exports accounted up to $24.8 and imports accounted up to $5.53k, resulting in a negative trade balance of $5.5k. Between April 2013 and September 2020 the exports of Ecuador's   Other Musical Instruments have decreased by $-302 (-92.4%) from $327 to $24.8, while imports increased by $4.91k (803%) from $612 to $5.53k.

Destinations In September 2020, Other Musical Instruments were exported mostly to , and were imported mostly from China ($5.53k).

Growth In September 2020, the decrease in Other Musical Instruments's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Other Musical Instruments's year-by-year imports was explained primarily by an increase in imports from China ($403 or 52.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2013 - September 2020)$-302(-92.4%)
IMPORT GROWTH (October 2020 - December 2021)$4.91k(803%)
MAIN DESTINATION (September 2020)

This section shows Other Musical Instruments'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 Musical Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$504
IMPORTS (2022)$98.8k
NET TRADE (2022)-$98.3k

In 2022, Ecuador exported $504 in Other Musical Instruments. The main destinations of Ecuador exports on Other Musical Instruments were United States ($418), South Korea ($70), and France ($16).

In 2022, Ecuador imported $98.8k in Other Musical Instruments, mainly from China ($67.3k), Canada ($21.3k), United Kingdom ($5.53k), Chinese Taipei ($2.71k), and United States ($1.03k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Musical Instruments EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$418 (1%)
France$16 (1%)
South Korea$9 (14.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Musical Instruments BY Ecuador WERE (2021 - 2022):
Poland-$43 (-100%)
Canada-$35 (-100%)
Romania-$22 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Other Musical Instruments were:
China $107M
United States $15.2M
Malaysia $7.21M
In 2022, Ecuador's main importing competitors in Other Musical Instruments were:
United States $37.1M
United Kingdom $12.4M
Germany $11.7M

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Trade Value of Other Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $362
TOP IMPORT POTENTIALChina+ $6.47k

Other Musical Instruments’s highest export potential is United States. With an export gap of $362.   Other Musical Instruments’s highest import potential is China with an import gap of $6.47k.

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