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2022
Exports $58.6kWorld Rnk 61 / 142
Flag Rnk 604 / 1017
2022
Destination $20.2k Egypt
2021 - 2022
FASTEST GROWING MARKET $20.2kEgypt
2022
PRODUCT COMPLEXITY IN Tool Plates1.66Rnk 31 / 1025
2022
Imports $1.04MWorld Rnk 71 / 188
Flag Rnk 771 / 1175
2022
Origin $61.7k United States
2021 - 2022
FASTEST GROWING ORIGIN $61.7kArgentina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $58.6k in Tool Plates, making it the 61st largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 604th most exported product in Ecuador. The main destination of Tool Plates exports from Ecuador are: Egypt ($20.2k), Peru ($14.6k), United States ($6.57k), Angola ($6.54k), and Colombia ($5.75k).

The fastest growing export markets for Tool Plates of Ecuador between 2021 and 2022 were Egypt ($20.2k), Angola ($6.54k), and United States ($2.93k).

Imports In 2022, Ecuador imported $1.04M in Tool Plates, becoming the 71st largest importer of Tool Plates in the world. At the same year, Tool Plates was the 771st most imported product in Ecuador. Ecuador imports Tool Plates primarily from: United States ($213k), Germany ($176k), China ($168k), Argentina ($117k), and Portugal ($63.8k).

The fastest growing import markets in Tool Plates for Ecuador between 2021 and 2022 were Argentina ($61.7k), Germany ($56.8k), and Portugal ($45.8k).

Latest Trends

October 2021

About

Overview In October 2021 Ecuador's Tool Plates exports accounted up to $940 and imports accounted up to $48.2k, resulting in a negative trade balance of $47.3k. Between October 2018 and October 2021 the exports of Ecuador's   Tool Plates have decreased by $-7.77k (-89.2%) from $8.71k to $940, while imports decreased by $-44.3k (-47.9%) from $92.5k to $48.2k.

Destinations In October 2021, Tool Plates were exported mostly to , and were imported mostly from Portugal ($15.5k), United States ($13.3k), Argentina ($8.12k), Japan ($6.07k), and Chinese Taipei ($4.58k).

Growth In October 2021, the decrease in Tool Plates's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Tool Plates's year-by-year imports was explained primarily by a decrease in imports from United States ($-14.5k or -51.6%), Sweden ($-8.24k or -85.2%), and Mexico ($-1.14k or -96.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2018 - October 2021)$-7.77k(-89.2%)
IMPORT GROWTH (December 2020 - December 2021)$-44.3k(-47.9%)
MAIN DESTINATION (October 2021)

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$58.6k
IMPORTS (2022)$1.04M
NET TRADE (2022)-$985k

In 2022, Ecuador exported $58.6k in Tool Plates. The main destinations of Ecuador exports on Tool Plates were Egypt ($20.2k), Peru ($14.6k), United States ($6.57k), Angola ($6.54k), and Colombia ($5.75k).

In 2022, Ecuador imported $1.04M in Tool Plates, mainly from United States ($213k), Germany ($176k), China ($168k), Argentina ($117k), and Portugal ($63.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Egypt$20.2k (1%)
Angola$6.54k (1%)
United States$2.93k (80.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Ecuador WERE (2021 - 2022):
Colombia-$3.64k (-38.8%)
Peru-$2.74k (-15.8%)
Honduras-$1k (-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 Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, Ecuador's main importing competitors in Tool Plates were:
United States $879M
Netherlands $780M
Germany $615M

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.5k
TOP IMPORT POTENTIALGermany+ $95.3k

Tool Plates’s highest export potential is United States. With an export gap of $13.5k.   Tool Plates’s highest import potential is Germany with an import gap of $95.3k.

See methodology.

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