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2022
Exports $8.14kWorld Rnk 111 / 174
Flag Rnk 796 / 1017
2022
Destination $4.38k Peru
2021 - 2022
FASTEST GROWING MARKET $4.38kPeru
2022
PRODUCT COMPLEXITY IN Umbrellas-0.043Rnk 560 / 1025
2022
Imports $5.03MWorld Rnk 74 / 218
Flag Rnk 496 / 1175
2022
Origin $2.26M China
2021 - 2022
FASTEST GROWING ORIGIN $2.26MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $8.14k in Umbrellas, making it the 111th largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 796th most exported product in Ecuador. The main destination of Umbrellas exports from Ecuador are: Peru ($4.38k), Panama ($2.11k), Bermuda ($657), Cuba ($390), and Guatemala ($192).

The fastest growing export markets for Umbrellas of Ecuador between 2021 and 2022 were Peru ($4.38k), Panama ($1.91k), and Cuba ($390).

Imports In 2022, Ecuador imported $5.03M in Umbrellas, becoming the 74th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 496th most imported product in Ecuador. Ecuador imports Umbrellas primarily from: China ($4.84M), Colombia ($52.4k), Italy ($39.6k), United States ($32.5k), and Panama ($11.4k).

The fastest growing import markets in Umbrellas for Ecuador between 2021 and 2022 were China ($2.26M), Colombia ($32.3k), and Italy ($27.1k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Umbrellas exports accounted up to $308 and imports accounted up to $229k, resulting in a negative trade balance of $229k. Between January 2020 and December 2021 the exports of Ecuador's   Umbrellas have decreased by $-1.16k (-79%) from $1.47k to $308, while imports increased by $58.6k (34.4%) from $170k to $229k.

Destinations In December 2021, Umbrellas were exported mostly to Costa Rica ($308), and were imported mostly from China ($227k), United States ($1.41k), Spain ($59.8), and Chinese Taipei ($26.1).

Growth In December 2021, the decrease in Umbrellas's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Umbrellas's year-by-year imports was explained primarily by an increase in imports from United States ($910 or 169%) and Germany ($240 or 276%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2020 - December 2021)$-1.16k(-79%)
IMPORT GROWTH (December 2020 - December 2021)$58.6k(34.4%)
MAIN DESTINATION (December 2021)Costa Rica$308

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.14k
IMPORTS (2022)$5.03M
NET TRADE (2022)-$5.02M

In 2022, Ecuador exported $8.14k in Umbrellas. The main destinations of Ecuador exports on Umbrellas were Peru ($4.38k), Panama ($2.11k), Bermuda ($657), Cuba ($390), and Guatemala ($192).

In 2022, Ecuador imported $5.03M in Umbrellas, mainly from China ($4.84M), Colombia ($52.4k), Italy ($39.6k), United States ($32.5k), and Panama ($11.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$4.38k (1%)
Panama$1.91k (957%)
Cuba$390 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Ecuador WERE (2021 - 2022):
Guatemala-$1.33k (-87.4%)
Switzerland-$780 (-94.8%)
Costa Rica-$669 (-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 Umbrellas were:
China $3.07B
Germany $83.4M
Netherlands $75.5M
In 2022, Ecuador's main importing competitors in Umbrellas were:
United States $680M
Germany $267M
Japan $233M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $2.09k
TOP IMPORT POTENTIALUnited States+ $46.5k

Umbrellas’s highest export potential is Peru. With an export gap of $2.09k.   Umbrellas’s highest import potential is United States with an import gap of $46.5k.

See methodology.

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