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2022
Exports $675kWorld Rnk 67 / 174
Flag Rnk 311 / 1017
2022
Destination $530k Romania
2021 - 2022
FASTEST GROWING MARKET $530kRomania
2022
PRODUCT COMPLEXITY IN Woodworking machines1.28Rnk 96 / 1025
2022
Imports $9.04MWorld Rnk 75 / 218
Flag Rnk 394 / 1175
2022
Origin $589k China
2021 - 2022
FASTEST GROWING ORIGIN $589kItaly
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $675k in Woodworking machines, making it the 67th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 311th most exported product in Ecuador. The main destination of Woodworking machines exports from Ecuador are: Romania ($530k), Italy ($109k), Peru ($29.7k), Panama ($5.1k), and Jamaica ($1.06k).

The fastest growing export markets for Woodworking machines of Ecuador between 2021 and 2022 were Romania ($530k), Italy ($109k), and Peru ($29k).

Imports In 2022, Ecuador imported $9.04M in Woodworking machines, becoming the 75th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 394th most imported product in Ecuador. Ecuador imports Woodworking machines primarily from: China ($3.51M), Italy ($1.39M), United States ($964k), Germany ($915k), and Austria ($527k).

The fastest growing import markets in Woodworking machines for Ecuador between 2021 and 2022 were Italy ($589k), India ($397k), and Germany ($318k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Woodworking machines exports accounted up to $4 and imports accounted up to $780k, resulting in a negative trade balance of $780k. Between November 2020 and November 2021 the exports of Ecuador's   Woodworking machines have decreased by $-401 (-99%) from $405 to $4, while imports decreased by $-29.8k (-3.68%) from $810k to $780k.

Destinations In November 2021, Woodworking machines were exported mostly to , and were imported mostly from China ($406k), Finland ($259k), Chinese Taipei ($73k), Italy ($14.6k), and Hong Kong ($8.1k).

Growth In November 2021, the decrease in Woodworking machines's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Woodworking machines's year-by-year imports was explained primarily by a decrease in imports from Italy ($-226k or -93.9%), China ($-167k or -42.8%), and United States ($-39.8k or -42.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - November 2021)$-401(-99%)
IMPORT GROWTH (December 2020 - December 2021)$-29.8k(-3.68%)
MAIN DESTINATION (November 2021)

This section shows Woodworking machines'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 Woodworking machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$675k
IMPORTS (2022)$9.04M
NET TRADE (2022)-$8.37M

In 2022, Ecuador exported $675k in Woodworking machines. The main destinations of Ecuador exports on Woodworking machines were Romania ($530k), Italy ($109k), Peru ($29.7k), Panama ($5.1k), and Jamaica ($1.06k).

In 2022, Ecuador imported $9.04M in Woodworking machines, mainly from China ($3.51M), Italy ($1.39M), United States ($964k), Germany ($915k), and Austria ($527k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Romania$530k (1%)
Italy$109k (1%)
Peru$29k (4.54k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Ecuador WERE (2021 - 2022):
United States-$900k (-100%)
Cuba-$38.7k (-100%)
Mexico-$8.8k (-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 Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Ecuador's main importing competitors in Woodworking machines were:
United States $1.74B
Germany $700M
France $424M

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $78.2k
TOP IMPORT POTENTIALChina+ $932k

Woodworking machines’s highest export potential is Italy. With an export gap of $78.2k.   Woodworking machines’s highest import potential is China with an import gap of $932k.

See methodology.

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