2023
Exports
$2.93MWorld Rnk 92 / 223
Flag Rnk 153 / 1002
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$101MWorld Rnk 77 / 226
Flag Rnk 47 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $2.93M in Valves, making it the 92nd largest exporter of Valves in the world. At the same year, Valves was the 153rd most exported product in Ecuador. The main destination of Valves exports from Ecuador are: Colombia ($674k), Peru ($649k), United States ($287k), Argentina ($201k), and Panama ($141k).

The fastest growing export markets for Valves of Ecuador between 2022 and 2023 were Peru ($307k), Argentina ($201k), and Colombia ($174k).

Imports In 2023, Ecuador imported $101M in Valves, becoming the 77th largest importer of Valves in the world. At the same year, Valves was the 47th most imported product in Ecuador. Ecuador imports Valves primarily from: China ($37.1M), United States ($20.2M), Germany ($6.81M), Italy ($5.85M), and Brazil ($4.1M).

The fastest growing import markets in Valves for Ecuador between 2022 and 2023 were Germany ($1.46M), Peru ($1.05M), and South Korea ($603k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-284k(-79.8%)
IMPORT GROWTH (December 2020 - December 2021)$1.22M(19.5%)
MAIN DESTINATION (December 2021)Colombia$22.5k

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.93M
IMPORTS (2023)$101M
NET TRADE (2023)-$97.8M

In 2023, Ecuador exported $2.93M in Valves. The main destinations of Ecuador exports on Valves were Colombia ($674k), Peru ($649k), United States ($287k), Argentina ($201k), and Panama ($141k).

In 2023, Ecuador imported $101M in Valves, mainly from China ($37.1M), United States ($20.2M), Germany ($6.81M), Italy ($5.85M), and Brazil ($4.1M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Peru$307k (89.7%)
Argentina$201k (1%)
Colombia$174k (34.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Ecuador WERE (2022 - 2023):
El Salvador-$39.8k (-51.1%)
Bolivia-$37.3k (-27.1%)
Cuba-$28.9k (-93.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Valves were:
In 2023, Ecuador's main importing competitors in Valves were:

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $403k
TOP IMPORT POTENTIALChina+ $11.5M

Valves’s highest export potential is United States. With an export gap of $403k.   Valves’s highest import potential is China with an import gap of $11.5M.

See methodology.

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