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2023
Exports $90.1kWorld Rnk 86 / 196
Flag Rnk 536 / 1002
2023
Destination $18.9k Italy
2022 - 2023
FASTEST GROWING MARKET $18.9kItaly
2023
PRODUCT COMPLEXITY IN Wrenches1.5Rnk 44 / 1025
2023
Imports $9.81MWorld Rnk 57 / 221
Flag Rnk 365 / 1173
2023
Origin $219k China
2022 - 2023
FASTEST GROWING ORIGIN $219kChinese Taipei
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $90.1k in Wrenches, making it the 86th largest exporter of Wrenches in the world. At the same year, Wrenches was the 536th most exported product in Ecuador. The main destination of Wrenches exports from Ecuador are: Italy ($18.9k), United States ($15.3k), Chile ($13.7k), Netherlands ($9.89k), and Colombia ($9.46k).

The fastest growing export markets for Wrenches of Ecuador between 2022 and 2023 were Italy ($18.9k), Chile ($11.1k), and Netherlands ($9.17k).

Imports In 2023, Ecuador imported $9.81M in Wrenches, becoming the 57th largest importer of Wrenches in the world. At the same year, Wrenches was the 365th most imported product in Ecuador. Ecuador imports Wrenches primarily from: China ($6.52M), Chinese Taipei ($1.33M), United States ($957k), India ($334k), and Brazil ($112k).

The fastest growing import markets in Wrenches for Ecuador between 2022 and 2023 were Chinese Taipei ($219k), China ($98.5k), and Germany ($34.9k).

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 (2023)$90.1k
IMPORTS (2023)$9.81M
NET TRADE (2023)-$9.72M

In 2023, Ecuador exported $90.1k in Wrenches. The main destinations of Ecuador exports on Wrenches were Italy ($18.9k), United States ($15.3k), Chile ($13.7k), Netherlands ($9.89k), and Colombia ($9.46k).

In 2023, Ecuador imported $9.81M in Wrenches, mainly from China ($6.52M), Chinese Taipei ($1.33M), United States ($957k), India ($334k), and Brazil ($112k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Italy$18.9k (1%)
Chile$11.1k (428%)
Netherlands$9.17k (1.26k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Ecuador WERE (2022 - 2023):
United States-$26.9k (-63.7%)
Brazil-$12.6k (-100%)
Colombia-$6.45k (-40.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Wrenches were:
China $1.21B
Chinese Taipei $1.01B
Germany $332M
In 2023, Ecuador's main importing competitors in Wrenches were:
United States $778M
Germany $289M
France $156M

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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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