2022
Exports
$22.6MWorld Rnk 62 / 209
Flag Rnk 63 / 1017
2022
PRODUCT COMPLEXITY IN Electric Batteries
1.02Rnk 164 / 1025
2022
Imports
$41.6MWorld Rnk 90 / 225
Flag Rnk 129 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $22.6M in Electric Batteries, making it the 62nd largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 63rd most exported product in Ecuador. The main destination of Electric Batteries exports from Ecuador are: United States ($8.12M), Dominican Republic ($4.22M), Colombia ($3.72M), Chile ($3.46M), and El Salvador ($681k).

The fastest growing export markets for Electric Batteries of Ecuador between 2021 and 2022 were Dominican Republic ($1.68M), Colombia ($1.28M), and United States ($691k).

Imports In 2022, Ecuador imported $41.6M in Electric Batteries, becoming the 90th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 129th most imported product in Ecuador. Ecuador imports Electric Batteries primarily from: Colombia ($13.7M), China ($13.3M), United States ($4.45M), Japan ($1.39M), and Spain ($1.2M).

The fastest growing import markets in Electric Batteries for Ecuador between 2021 and 2022 were China ($1.94M), Colombia ($1.62M), and Spain ($584k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-82.5k(-3.93%)
IMPORT GROWTH (December 2020 - December 2021)$907k(34.3%)

This section shows Electric Batteries'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 Electric Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.6M
IMPORTS (2022)$41.6M
NET TRADE (2022)-$18.9M

In 2022, Ecuador exported $22.6M in Electric Batteries. The main destinations of Ecuador exports on Electric Batteries were United States ($8.12M), Dominican Republic ($4.22M), Colombia ($3.72M), Chile ($3.46M), and El Salvador ($681k).

In 2022, Ecuador imported $41.6M in Electric Batteries, mainly from Colombia ($13.7M), China ($13.3M), United States ($4.45M), Japan ($1.39M), and Spain ($1.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Dominican Republic$1.68M (66.1%)
Colombia$1.28M (52.7%)
United States$691k (9.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Ecuador WERE (2021 - 2022):
Chile-$4.69M (-57.5%)
Venezuela-$703k (-61.9%)
Mexico-$183k (-89.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Electric Batteries were:
In 2022, Ecuador's main importing competitors in Electric Batteries were:

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.72M
TOP IMPORT POTENTIALChina+ $10.6M

Electric Batteries’s highest export potential is United States. With an export gap of $7.72M.   Electric Batteries’s highest import potential is China with an import gap of $10.6M.

See methodology.

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