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2022
Exports $900kWorld Rnk 39 / 137
Flag Rnk 282 / 1017
2022
Destination $199k United States
2021 - 2022
FASTEST GROWING MARKET $199kUnited States
2022
PRODUCT COMPLEXITY IN Vegetable and Mineral Carvings-0.12Rnk 589 / 1025
2022
Imports $2.95MWorld Rnk 58 / 190
Flag Rnk 592 / 1175
2022
Origin $388k United States
2021 - 2022
FASTEST GROWING ORIGIN $388kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $900k in Vegetable and Mineral Carvings, making it the 39th largest exporter of Vegetable and Mineral Carvings in the world. At the same year, Vegetable and Mineral Carvings was the 282nd most exported product in Ecuador. The main destination of Vegetable and Mineral Carvings exports from Ecuador are: United States ($606k), Italy ($121k), Netherlands ($40.8k), Austria ($33k), and France ($22.8k).

The fastest growing export markets for Vegetable and Mineral Carvings of Ecuador between 2021 and 2022 were United States ($199k), Italy ($86.5k), and Germany ($12.5k).

Imports In 2022, Ecuador imported $2.95M in Vegetable and Mineral Carvings, becoming the 58th largest importer of Vegetable and Mineral Carvings in the world. At the same year, Vegetable and Mineral Carvings was the 592nd most imported product in Ecuador. Ecuador imports Vegetable and Mineral Carvings primarily from: United States ($1M), Colombia ($634k), China ($537k), Mexico ($329k), and India ($204k).

The fastest growing import markets in Vegetable and Mineral Carvings for Ecuador between 2021 and 2022 were United States ($388k), India ($204k), and Mexico ($120k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Vegetable and Mineral Carvings exports accounted up to $80.6k and imports accounted up to $149k, resulting in a negative trade balance of $68.2k. Between December 2020 and December 2021 the exports of Ecuador's   Vegetable and Mineral Carvings have increased by $72.4k (883%) from $8.2k to $80.6k, while imports increased by $50k (50.6%) from $98.8k to $149k.

Destinations In December 2021, Vegetable and Mineral Carvings were exported mostly to United States ($72.1k), Netherlands ($6.84k), Netherlands Antilles ($732), Italy ($202), and Trinidad and Tobago ($195), and were imported mostly from United States ($61.5k), Brazil ($31.1k), Mexico ($28.7k), Colombia ($19.3k), and China ($7.09k).

Growth In December 2021, the increase in Vegetable and Mineral Carvings's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Vegetable and Mineral Carvings's year-by-year imports was explained primarily by an increase in imports from China ($34.5k or 219%), Mexico ($16.1k or 948%), and United States ($9.94k or 44.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$72.4k(883%)
IMPORT GROWTH (December 2020 - December 2021)$50k(50.6%)
MAIN DESTINATION (December 2021)United States$72.1k

This section shows Vegetable and Mineral Carvings'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 Vegetable and Mineral Carvings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$900k
IMPORTS (2022)$2.95M
NET TRADE (2022)-$2.05M

In 2022, Ecuador exported $900k in Vegetable and Mineral Carvings. The main destinations of Ecuador exports on Vegetable and Mineral Carvings were United States ($606k), Italy ($121k), Netherlands ($40.8k), Austria ($33k), and France ($22.8k).

In 2022, Ecuador imported $2.95M in Vegetable and Mineral Carvings, mainly from United States ($1M), Colombia ($634k), China ($537k), Mexico ($329k), and India ($204k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable and Mineral Carvings EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$199k (49%)
Italy$86.5k (252%)
Germany$12.5k (319%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable and Mineral Carvings BY Ecuador WERE (2021 - 2022):
France-$26.2k (-53.4%)
United Kingdom-$2.32k (-29.9%)
Chile-$1.51k (-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 Vegetable and Mineral Carvings were:
China $234M
Belgium $211M
India $184M
In 2022, Ecuador's main importing competitors in Vegetable and Mineral Carvings were:
United States $350M
Germany $69.8M
Spain $57.8M

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Trade Value of Vegetable and Mineral Carvings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $66.4k
TOP IMPORT POTENTIALChina+ $152k

Vegetable and Mineral Carvings’s highest export potential is United States. With an export gap of $66.4k.   Vegetable and Mineral Carvings’s highest import potential is China with an import gap of $152k.

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