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2022
Exports $1.68MWorld Rnk 73 / 187
Flag Rnk 216 / 1017
2022
Destination $363k Germany
2021 - 2022
FASTEST GROWING MARKET $363kGermany
2022
PRODUCT COMPLEXITY IN Rubberworking Machinery1.71Rnk 22 / 1025
2022
Imports $54.4MWorld Rnk 70 / 213
Flag Rnk 98 / 1175
2022
Origin $5.1M China
2021 - 2022
FASTEST GROWING ORIGIN $5.1MGermany
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.68M in Rubberworking Machinery, making it the 73rd largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 216th most exported product in Ecuador. The main destination of Rubberworking Machinery exports from Ecuador are: Germany ($379k), Peru ($255k), United Kingdom ($252k), Colombia ($228k), and Paraguay ($206k).

The fastest growing export markets for Rubberworking Machinery of Ecuador between 2021 and 2022 were Germany ($363k), United Kingdom ($252k), and Paraguay ($206k).

Imports In 2018, Ecuador imported $54.4M in Rubberworking Machinery, becoming the 70th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 98th most imported product in Ecuador. Ecuador imports Rubberworking Machinery primarily from: China ($16M), Germany ($6.23M), Austria ($5.74M), Italy ($5.32M), and United States ($3.86M).

The fastest growing import markets in Rubberworking Machinery for Ecuador between 2021 and 2022 were Germany ($5.1M), Austria ($3.83M), and China ($3.52M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Rubberworking Machinery exports accounted up to $120k and imports accounted up to $2.56M, resulting in a negative trade balance of $2.44M. Between September 2020 and December 2021 the exports of Ecuador's   Rubberworking Machinery have decreased by $-330k (-73.3%) from $450k to $120k, while imports increased by $491k (23.8%) from $2.06M to $2.56M.

Destinations In December 2021, Rubberworking Machinery were exported mostly to Dominican Republic ($120k) and Panama ($14), and were imported mostly from China ($1.52M), Italy ($200k), India ($170k), Chinese Taipei ($138k), and Germany ($135k).

Growth In December 2021, the decrease in Rubberworking Machinery's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Rubberworking Machinery's year-by-year imports was explained primarily by an increase in imports from Brazil ($362k or 269%), Germany ($267k or 87.9%), and Colombia ($91.3k or 501%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2020 - December 2021)$-330k(-73.3%)
IMPORT GROWTH (December 2020 - December 2021)$491k(23.8%)
MAIN DESTINATION (December 2021)Dominican Republic$120k

This section shows Rubberworking Machinery'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 Rubberworking Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.68M
IMPORTS (2022)$54.4M
NET TRADE (2022)-$52.7M

In 2022, Ecuador exported $1.68M in Rubberworking Machinery. The main destinations of Ecuador exports on Rubberworking Machinery were Germany ($379k), Peru ($255k), United Kingdom ($252k), Colombia ($228k), and Paraguay ($206k).

In 2022, Ecuador imported $54.4M in Rubberworking Machinery, mainly from China ($16M), Germany ($6.23M), Austria ($5.74M), Italy ($5.32M), and United States ($3.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Germany$363k (2.26k%)
United Kingdom$252k (1%)
Paraguay$206k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Ecuador WERE (2021 - 2022):
Colombia-$736k (-76.4%)
Mexico-$411k (-97.7%)
India-$402k (-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 Rubberworking Machinery were:
China $7.21B
Germany $5.5B
Japan $2.29B
In 2022, Ecuador's main importing competitors in Rubberworking Machinery were:
United States $4B
China $2.82B
Germany $1.66B

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $128k
TOP IMPORT POTENTIALChina+ $3.47M

Rubberworking Machinery’s highest export potential is United States. With an export gap of $128k.   Rubberworking Machinery’s highest import potential is China with an import gap of $3.47M.

See methodology.

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