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2022
Exports $656kWorld Rnk 86 / 180
Flag Rnk 316 / 1017
2022
Destination $56.4k United States
2021 - 2022
FASTEST GROWING MARKET $56.4kChile
2022
PRODUCT COMPLEXITY IN Spark-Ignition Engines1.15Rnk 117 / 1025
2022
Imports $18.7MWorld Rnk 81 / 222
Flag Rnk 251 / 1175
2022
Origin $3.64M Japan
2021 - 2022
FASTEST GROWING ORIGIN $3.64MJapan
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $656k in Spark-Ignition Engines, making it the 86th largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 316th most exported product in Ecuador. The main destination of Spark-Ignition Engines exports from Ecuador are: United States ($545k), Chile ($56.4k), Colombia ($33.4k), Peru ($15.1k), and Cuba ($2.71k).

The fastest growing export markets for Spark-Ignition Engines of Ecuador between 2021 and 2022 were Chile ($56.4k), Colombia ($32.3k), and Kyrgyzstan ($715).

Imports In 2022, Ecuador imported $18.7M in Spark-Ignition Engines, becoming the 81st largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 251st most imported product in Ecuador. Ecuador imports Spark-Ignition Engines primarily from: Japan ($8.25M), China ($2.78M), United States ($2.69M), India ($2.02M), and Thailand ($1.38M).

The fastest growing import markets in Spark-Ignition Engines for Ecuador between 2021 and 2022 were Japan ($3.64M), China ($1.09M), and India ($496k).

COMPANIES In 2021, leading companies such as Goya Foods (1) were at the forefront of shipping Spark-Ignition Engines from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Spark-Ignition Engines exports accounted up to $790 and imports accounted up to $1.65M, resulting in a negative trade balance of $1.65M. Between December 2020 and December 2021 the exports of Ecuador's   Spark-Ignition Engines have decreased by $-6.71k (-89.5%) from $7.5k to $790, while imports increased by $1.11M (205%) from $542k to $1.65M.

Destinations In December 2021, Spark-Ignition Engines were exported mostly to United States ($790), and were imported mostly from Japan ($606k), United States ($445k), Thailand ($311k), China ($202k), and Mexico ($43.5k).

Growth In December 2021, the decrease in Spark-Ignition Engines's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Spark-Ignition Engines's year-by-year imports was explained primarily by an increase in imports from China ($112k or 430%), United States ($107k or 44%), and Mexico ($27.7k or 134%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-6.71k(-89.5%)
IMPORT GROWTH (December 2020 - December 2021)$1.11M(205%)
MAIN DESTINATION (December 2021)United States$790

This section shows Spark-Ignition Engines'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 Spark-Ignition Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$656k
IMPORTS (2022)$18.7M
NET TRADE (2022)-$18.1M

In 2022, Ecuador exported $656k in Spark-Ignition Engines. The main destinations of Ecuador exports on Spark-Ignition Engines were United States ($545k), Chile ($56.4k), Colombia ($33.4k), Peru ($15.1k), and Cuba ($2.71k).

In 2022, Ecuador imported $18.7M in Spark-Ignition Engines, mainly from Japan ($8.25M), China ($2.78M), United States ($2.69M), India ($2.02M), and Thailand ($1.38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Chile$56.4k (1%)
Colombia$32.3k (3.13k%)
Kyrgyzstan$715 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY Ecuador WERE (2021 - 2022):
United States-$176k (-24.4%)
Peru-$10.7k (-41.4%)
United Kingdom-$6.24k (-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 Spark-Ignition Engines were:
United States $7B
Germany $5.21B
Japan $5.2B
In 2022, Ecuador's main importing competitors in Spark-Ignition Engines were:
United States $11.7B
Canada $4.24B
Germany $3.61B

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Trade Value of Spark-Ignition Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $116k
TOP IMPORT POTENTIALChina+ $1.77M

Spark-Ignition Engines’s highest export potential is United States. With an export gap of $116k.   Spark-Ignition Engines’s highest import potential is China with an import gap of $1.77M.

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