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2023
Exports $79.9MWorld Rnk 50 / 207
Flag Rnk 29 / 1002
2023
Destination $11.8M United States
2022 - 2023
FASTEST GROWING MARKET $11.8MUnited States
2023
PRODUCT COMPLEXITY IN Rubber Tires0.23Rnk 486 / 1025
2023
Imports $214MWorld Rnk 66 / 225
Flag Rnk 24 / 1173
2023
Origin $3.36M China
2022 - 2023
FASTEST GROWING ORIGIN $3.36MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $79.9M in Rubber Tires, making it the 50th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 29th most exported product in Ecuador. The main destination of Rubber Tires exports from Ecuador are: United States ($48.1M), Colombia ($14.9M), Mexico ($4.62M), Venezuela ($3.29M), and Peru ($2.99M).

The fastest growing export markets for Rubber Tires of Ecuador between 2022 and 2023 were United States ($11.8M), Canada ($969k), and Mexico ($382k).

Imports In 2023, Ecuador imported $214M in Rubber Tires, becoming the 66th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 24th most imported product in Ecuador. Ecuador imports Rubber Tires primarily from: China ($141M), Mexico ($10.7M), Thailand ($9.26M), Brazil ($8.29M), and India ($5.99M).

The fastest growing import markets in Rubber Tires for Ecuador between 2022 and 2023 were China ($3.36M), Japan ($1.57M), and Chinese Taipei ($1.45M).

COMPANIES In 2021, leading companies such as Continental Tire (67) were at the forefront of shipping Rubber Tires from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Rubber Tires exports accounted up to $5.2M and imports accounted up to $17.3M, resulting in a negative trade balance of $12.1M. Between December 2020 and December 2021 the exports of Ecuador's   Rubber Tires have increased by $1.26M (32.1%) from $3.94M to $5.2M, while imports increased by $1.34M (8.36%) from $16M to $17.3M.

Destinations In December 2021, Rubber Tires were exported mostly to United States ($2.06M), Colombia ($1.68M), Venezuela ($556k), Peru ($362k), and Bolivia ($310k), and were imported mostly from China ($11.5M), Mexico ($1.51M), Brazil ($843k), United States ($553k), and India ($531k).

Growth In December 2021, the increase in Rubber Tires's year-by-year exports was explained primarily by an increase in exports to Chile ($174k or 87.9%) and Peru ($54.5k or 19.7%). In December 2021, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($172k or 43.8%), Mexico ($118k or 13%), and Chile ($103k or 210%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$1.26M(32.1%)
IMPORT GROWTH (December 2020 - December 2021)$1.34M(8.36%)
MAIN DESTINATION (December 2021)United States$2.06M

This section shows Rubber Tires'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 Rubber Tires over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$79.9M
IMPORTS (2023)$214M
NET TRADE (2023)-$134M

In 2023, Ecuador exported $79.9M in Rubber Tires. The main destinations of Ecuador exports on Rubber Tires were United States ($48.1M), Colombia ($14.9M), Mexico ($4.62M), Venezuela ($3.29M), and Peru ($2.99M).

In 2023, Ecuador imported $214M in Rubber Tires, mainly from China ($141M), Mexico ($10.7M), Thailand ($9.26M), Brazil ($8.29M), and India ($5.99M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United States$11.8M (32.4%)
Canada$969k (352%)
Mexico$382k (9.01%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Ecuador WERE (2022 - 2023):
Colombia-$9.38M (-38.7%)
Venezuela-$4.24M (-56.3%)
Peru-$1.58M (-34.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Rubber Tires were:
China $21.1B
Thailand $7.45B
Japan $6.54B
In 2023, Ecuador's main importing competitors in Rubber Tires were:
United States $19.4B
Germany $7.76B
France $4.79B

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18M
TOP IMPORT POTENTIALMexico+ $5.38M

Rubber Tires’s highest export potential is United States. With an export gap of $18M.   Rubber Tires’s highest import potential is Mexico with an import gap of $5.38M.

See methodology.

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