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2022
Exports $2.6MWorld Rnk 73 / 169
Flag Rnk 184 / 1017
2022
Destination $1.47M Peru
2021 - 2022
FASTEST GROWING MARKET $1.47MPeru
2022
PRODUCT COMPLEXITY IN Cranes0.76Rnk 258 / 1025
2022
Imports $44MWorld Rnk 62 / 215
Flag Rnk 125 / 1175
2022
Origin $9.37M Japan
2021 - 2022
FASTEST GROWING ORIGIN $9.37MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $2.6M in Cranes, making it the 73rd largest exporter of Cranes in the world. At the same year, Cranes was the 184th most exported product in Ecuador. The main destination of Cranes exports from Ecuador are: Peru ($2.07M), Chile ($463k), Panama ($62.1k), India ($860), and Spain ($455).

The fastest growing export markets for Cranes of Ecuador between 2021 and 2022 were Peru ($1.47M), Chile ($280k), and India ($860).

Imports In 2022, Ecuador imported $44M in Cranes, becoming the 62nd largest importer of Cranes in the world. At the same year, Cranes was the 125th most imported product in Ecuador. Ecuador imports Cranes primarily from: Japan ($18.6M), China ($10.8M), Germany ($6.87M), United States ($2.75M), and Italy ($2.42M).

The fastest growing import markets in Cranes for Ecuador between 2021 and 2022 were China ($9.37M), Italy ($1.77M), and Germany ($1.09M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Cranes exports accounted up to $7.82k and imports accounted up to $3.77M, resulting in a negative trade balance of $3.76M. Between October 2019 and December 2021 the exports of Ecuador's   Cranes have decreased by $-178k (-95.8%) from $186k to $7.82k, while imports increased by $3.7M (4.99k%) from $74.1k to $3.77M.

Destinations In December 2021, Cranes were exported mostly to Peru ($7.82k), and were imported mostly from United States ($1.42M), Japan ($1.35M), China ($628k), Italy ($198k), and Brazil ($83.8k).

Growth In December 2021, the decrease in Cranes's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Cranes's year-by-year imports was explained primarily by an increase in imports from Italy ($427k or 818%) and Spain ($60.5k or 369%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2019 - December 2021)$-178k(-95.8%)
IMPORT GROWTH (December 2020 - December 2021)$3.7M(4.99k%)
MAIN DESTINATION (December 2021)Peru$7.82k

This section shows Cranes'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 Cranes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.6M
IMPORTS (2022)$44M
NET TRADE (2022)-$41.4M

In 2022, Ecuador exported $2.6M in Cranes. The main destinations of Ecuador exports on Cranes were Peru ($2.07M), Chile ($463k), Panama ($62.1k), India ($860), and Spain ($455).

In 2022, Ecuador imported $44M in Cranes, mainly from Japan ($18.6M), China ($10.8M), Germany ($6.87M), United States ($2.75M), and Italy ($2.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$1.47M (245%)
Chile$280k (153%)
India$860 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Ecuador WERE (2021 - 2022):
Australia-$492k (-100%)
Colombia-$192k (-100%)
Panama-$30.4k (-32.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, Ecuador's main importing competitors in Cranes were:
United States $1.48B
Germany $729M
France $587M

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $825
TOP IMPORT POTENTIALChina+ $1.25M

Cranes’s highest export potential is Spain. With an export gap of $825.   Cranes’s highest import potential is China with an import gap of $1.25M.

See methodology.

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