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2023
Exports $1.09MWorld Rnk 79 / 169
Flag Rnk 243 / 1002
2023
Destination $275k United States
2022 - 2023
FASTEST GROWING MARKET $275kUnited States
2023
PRODUCT COMPLEXITY IN Shaped Wood-0.86Rnk 796 / 1025
2023
Imports $811kWorld Rnk 110 / 223
Flag Rnk 789 / 1173
2023
Origin $74.6k China
2022 - 2023
FASTEST GROWING ORIGIN $74.6kSpain
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.09M in Shaped Wood, making it the 79th largest exporter of Shaped Wood in the world. At the same year, Shaped Wood was the 243rd most exported product in Ecuador. The main destination of Shaped Wood exports from Ecuador are: United States ($828k), Spain ($106k), Panama ($64.1k), Honduras ($34.1k), and Dominican Republic ($31.4k).

The fastest growing export markets for Shaped Wood of Ecuador between 2022 and 2023 were United States ($275k), Spain ($91.3k), and Honduras ($34.1k).

Imports In 2023, Ecuador imported $811k in Shaped Wood, becoming the 110th largest importer of Shaped Wood in the world. At the same year, Shaped Wood was the 789th most imported product in Ecuador. Ecuador imports Shaped Wood primarily from: China ($586k), Spain ($74.6k), Italy ($63.7k), Colombia ($49.4k), and Argentina ($29.1k).

The fastest growing import markets in Shaped Wood for Ecuador between 2022 and 2023 were Spain ($74.6k), Colombia ($44.5k), and Argentina ($29.1k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Shaped Wood exports accounted up to $97.8k and imports accounted up to $9.86k, resulting in a positive trade balance of $87.9k. Between September 2020 and December 2021 the exports of Ecuador's   Shaped Wood have increased by $81.2k (491%) from $16.5k to $97.8k, while imports decreased by $-77.9k (-88.8%) from $87.7k to $9.86k.

Destinations In December 2021, Shaped Wood were exported mostly to Puerto Rico ($97.8k), and were imported mostly from China ($9.86k).

Growth In December 2021, the increase in Shaped Wood's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Shaped Wood's year-by-year imports was explained primarily by a decrease in imports from Italy ($-28.8k or -79.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2020 - December 2021)$81.2k(491%)
IMPORT GROWTH (June 2020 - December 2021)$-77.9k(-88.8%)
MAIN DESTINATION (December 2021)Puerto Rico$97.8k

This section shows Shaped Wood'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 Shaped Wood over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.09M
IMPORTS (2023)$811k
NET TRADE (2023)$275k

In 2023, Ecuador exported $1.09M in Shaped Wood. The main destinations of Ecuador exports on Shaped Wood were United States ($828k), Spain ($106k), Panama ($64.1k), Honduras ($34.1k), and Dominican Republic ($31.4k).

In 2023, Ecuador imported $811k in Shaped Wood, mainly from China ($586k), Spain ($74.6k), Italy ($63.7k), Colombia ($49.4k), and Argentina ($29.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Shaped Wood EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United States$275k (49.7%)
Spain$91.3k (600%)
Honduras$34.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Shaped Wood BY Ecuador WERE (2022 - 2023):
United Kingdom-$572k (-100%)
Dominican Republic-$82.7k (-72.5%)
Saint Kitts and Nevis-$2.2k (-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 Shaped Wood were:
Brazil $643M
Indonesia $579M
China $426M
In 2023, Ecuador's main importing competitors in Shaped Wood were:
United States $1.58B
France $288M
Australia $268M

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Trade Value of Shaped Wood by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $731k
TOP IMPORT POTENTIALChina+ $62.8k

Shaped Wood’s highest export potential is United States. With an export gap of $731k.   Shaped Wood’s highest import potential is China with an import gap of $62.8k.

See methodology.

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