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2023
Exports $6.87kWorld Rnk 119 / 161
Flag Rnk 804 / 1002
2023
Destination $2.6k Chile
2022 - 2023
FASTEST GROWING MARKET $2.6kChile
2023
PRODUCT COMPLEXITY IN Soldering and Welding Machinery1.42Rnk 59 / 1025
2023
Imports $1.42MWorld Rnk 76 / 218
Flag Rnk 705 / 1173
2023
Origin $50.5k China
2022 - 2023
FASTEST GROWING ORIGIN $50.5kChinese Taipei
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $6.87k in Soldering and Welding Machinery, making it the 119th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 804th most exported product in Ecuador. The main destination of Soldering and Welding Machinery exports from Ecuador are: Chile ($2.6k), Spain ($2.31k), Singapore ($853), Colombia ($483), and Peru ($368).

The fastest growing export markets for Soldering and Welding Machinery of Ecuador between 2022 and 2023 were Chile ($2.6k), Spain ($2.05k), and Singapore ($853).

Imports In 2023, Ecuador imported $1.42M in Soldering and Welding Machinery, becoming the 76th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 705th most imported product in Ecuador. Ecuador imports Soldering and Welding Machinery primarily from: China ($901k), United States ($185k), Chinese Taipei ($96.1k), Mexico ($59.4k), and Colombia ($35k).

The fastest growing import markets in Soldering and Welding Machinery for Ecuador between 2022 and 2023 were Chinese Taipei ($50.5k), Colombia ($28.2k), and Switzerland ($19.2k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Soldering and Welding Machinery exports accounted up to $15 and imports accounted up to $130k, resulting in a negative trade balance of $130k. Between August 2017 and November 2021 the exports of Ecuador's   Soldering and Welding Machinery have increased by $2.91 (24.1%) from $12.1 to $15, while imports increased by $21.2k (19.5%) from $109k to $130k.

Destinations In November 2021, Soldering and Welding Machinery were exported mostly to , and were imported mostly from China ($121k), Mexico ($4.17k), United States ($2.63k), Colombia ($1.77k), and Canada ($414).

Growth In November 2021, the increase in Soldering and Welding Machinery's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Soldering and Welding Machinery's year-by-year imports was explained primarily by an increase in imports from United States ($20.7k or 278%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2017 - November 2021)$2.91(24.1%)
IMPORT GROWTH (December 2020 - December 2021)$21.2k(19.5%)
MAIN DESTINATION (November 2021)

This section shows Soldering and Welding 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 Soldering and Welding Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.87k
IMPORTS (2023)$1.42M
NET TRADE (2023)-$1.42M

In 2023, Ecuador exported $6.87k in Soldering and Welding Machinery. The main destinations of Ecuador exports on Soldering and Welding Machinery were Chile ($2.6k), Spain ($2.31k), Singapore ($853), Colombia ($483), and Peru ($368).

In 2023, Ecuador imported $1.42M in Soldering and Welding Machinery, mainly from China ($901k), United States ($185k), Chinese Taipei ($96.1k), Mexico ($59.4k), and Colombia ($35k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Chile$2.6k (1%)
Spain$2.05k (773%)
Singapore$853 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Ecuador WERE (2022 - 2023):
Colombia-$704 (-59.3%)
France-$432 (-100%)
Panama-$140 (-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 Soldering and Welding Machinery were:
China $329M
Germany $125M
United States $78M
In 2023, Ecuador's main importing competitors in Soldering and Welding Machinery were:
United States $144M
Germany $57.1M
Mexico $41.3M

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $562
TOP IMPORT POTENTIALChina+ $121k

Soldering and Welding Machinery’s highest export potential is France. With an export gap of $562.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $121k.

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