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2022
Exports $72MWorld Rnk 49 / 203
Flag Rnk 31 / 1017
2022
Destination $4.18M Colombia
2021 - 2022
FASTEST GROWING MARKET $4.18MUnited States
2022
PRODUCT COMPLEXITY IN Rubber Tires0.16Rnk 500 / 1025
2022
Imports $203MWorld Rnk 67 / 225
Flag Rnk 24 / 1175
2022
Origin $16.3M China
2021 - 2022
FASTEST GROWING ORIGIN $16.3MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $72M in Rubber Tires, making it the 49th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 31st most exported product in Ecuador. The main destination of Rubber Tires exports from Ecuador are: Colombia ($24.1M), United States ($23.9M), Venezuela ($7.52M), Peru ($4.81M), and Mexico ($4.24M).

The fastest growing export markets for Rubber Tires of Ecuador between 2021 and 2022 were United States ($4.18M), Venezuela ($2.36M), and Mexico ($1.45M).

Imports In 2022, Ecuador imported $203M in Rubber Tires, becoming the 67th 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 ($130M), Mexico ($15.2M), Brazil ($9.73M), Thailand ($8.22M), and India ($4.87M).

The fastest growing import markets in Rubber Tires for Ecuador between 2021 and 2022 were China ($16.3M), Colombia ($1.29M), and Brazil ($1.06M).

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 (2022)$72M
IMPORTS (2022)$203M
NET TRADE (2022)-$131M

In 2022, Ecuador exported $72M in Rubber Tires. The main destinations of Ecuador exports on Rubber Tires were Colombia ($24.1M), United States ($23.9M), Venezuela ($7.52M), Peru ($4.81M), and Mexico ($4.24M).

In 2022, Ecuador imported $203M in Rubber Tires, mainly from China ($130M), Mexico ($15.2M), Brazil ($9.73M), Thailand ($8.22M), and India ($4.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$4.18M (21.2%)
Venezuela$2.36M (45.8%)
Mexico$1.45M (51.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Ecuador WERE (2021 - 2022):
Germany-$259k (-48.5%)
Chile-$81k (-2.78%)
Brazil-$74.4k (-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 Rubber Tires were:
China $19.6B
Thailand $7.2B
Germany $5.83B
In 2022, Ecuador's main importing competitors in Rubber Tires were:
United States $19B
Germany $7.38B
France $4.51B

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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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