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2018
Exports $103kWorld Rnk 80 / 200
Flag Rnk 539 / 1017
2018
Destination $31.3k United States
2021 - 2022
FASTEST GROWING MARKET $31.3kUnited States
2022
PRODUCT COMPLEXITY IN Wrenches1.67Rnk 30 / 1025
2018
Imports $9.84MWorld Rnk 57 / 219
Flag Rnk 376 / 1175
2018
Origin $319k China
2021 - 2022
FASTEST GROWING ORIGIN $319kIndia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2018, Ecuador exported $103k in Wrenches, making it the 80th largest exporter of Wrenches in the world. At the same year, Wrenches was the 539th most exported product in Ecuador. The main destination of Wrenches exports from Ecuador are: United States ($42.3k), Colombia ($15.9k), Brazil ($12.6k), United Kingdom ($6.23k), and Mexico ($4.75k).

The fastest growing export markets for Wrenches of Ecuador between 2021 and 2022 were United States ($31.3k), United Kingdom ($6.23k), and Germany ($4.35k).

Imports In 2022, Ecuador imported $9.84M in Wrenches, becoming the 57th largest importer of Wrenches in the world. At the same year, Wrenches was the 376th most imported product in Ecuador. Ecuador imports Wrenches primarily from: China ($5.83M), United States ($1.84M), Chinese Taipei ($793k), India ($659k), and Mexico ($185k).

The fastest growing import markets in Wrenches for Ecuador between 2021 and 2022 were India ($319k), China ($251k), and Hong Kong ($40.1k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Wrenches exports accounted up to $444 and imports accounted up to $1.26M, resulting in a negative trade balance of $1.26M. Between December 2020 and December 2021 the exports of Ecuador's   Wrenches have decreased by $-2.01k (-81.9%) from $2.46k to $444, while imports increased by $595k (89.8%) from $663k to $1.26M.

Destinations In December 2021, Wrenches were exported mostly to Peru ($348), Rest of the world ($75), and Panama ($21), and were imported mostly from China ($887k), Chinese Taipei ($178k), United States ($87.7k), India ($68.1k), and Brazil ($15.3k).

Growth In December 2021, the decrease in Wrenches's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from China ($133k or 31.8%), Brazil ($19k or 841%), and Peru ($3.39k or 1.96k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-2.01k(-81.9%)
IMPORT GROWTH (December 2020 - December 2021)$595k(89.8%)
MAIN DESTINATION (December 2021)Peru$348

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$103k
IMPORTS (2022)$9.84M
NET TRADE (2022)-$9.74M

In 2022, Ecuador exported $103k in Wrenches. The main destinations of Ecuador exports on Wrenches were United States ($42.3k), Colombia ($15.9k), Brazil ($12.6k), United Kingdom ($6.23k), and Mexico ($4.75k).

In 2022, Ecuador imported $9.84M in Wrenches, mainly from China ($5.83M), United States ($1.84M), Chinese Taipei ($793k), India ($659k), and Mexico ($185k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$31.3k (287%)
United Kingdom$6.23k (1%)
Germany$4.35k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Ecuador WERE (2021 - 2022):
Mexico-$41.1k (-89.6%)
Canada-$21.2k (-100%)
Australia-$9.79k (-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 Wrenches were:
China $1.41B
Chinese Taipei $1.02B
Germany $349M
In 2022, Ecuador's main importing competitors in Wrenches were:
United States $923M
Germany $325M
France $152M

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.48k
TOP IMPORT POTENTIALChina+ $504k

Wrenches’s highest export potential is Germany. With an export gap of $2.48k.   Wrenches’s highest import potential is China with an import gap of $504k.

See methodology.

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