Motor vehicles; parts and accessories (8701 to 8705) in Ecuador

About

Exports In 2022, Ecuador exported $4.19M in Motor vehicles; parts and accessories (8701 to 8705), making it the 102nd largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 141st most exported product in Ecuador. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Ecuador are: Colombia ($2.44M), United Arab Emirates ($690k), United States ($470k), Kuwait ($204k), and Peru ($78.5k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Ecuador between 2021 and 2022 were Colombia ($1.14M), United Arab Emirates ($260k), and Kuwait ($146k).

Imports In 2022, Ecuador imported $329M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 67th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 14th most imported product in Ecuador. Ecuador imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($120M), South Korea ($40.1M), United States ($32.8M), Thailand ($28.1M), and Japan ($23.5M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Ecuador between 2021 and 2022 were China ($35.5M), Thailand ($9.49M), and South Korea ($7.88M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to $143k and imports accounted up to $22M, resulting in a negative trade balance of $21.8M. Between December 2020 and December 2021 the exports of Ecuador's Motor vehicles; parts and accessories (8701 to 8705) have increased by $109k (320%) from $34.1k to $143k, while imports increased by $6.98M (46.6%) from $15M to $22M.

Destinations In December 2021, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Colombia ($105k), United States ($32k), Costa Rica ($3.69k), Belgium ($2.75k), and Peru ($117), and were imported mostly from China ($8.2M), Japan ($3.33M), South Korea ($1.89M), United States ($1.66M), and Brazil ($1.46M).

Growth In December 2021, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to Peru ($2.72k or 512%). In December 2021, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from Italy ($209k or 64.9%), Panama ($44.4k or 6.41k%), and Malaysia ($26.1k or 32%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$109k(320%)

IMPORT GROWTH (December 2020 - December 2021)$6.98M(46.6%)

MAIN DESTINATION (December 2021)Colombia$105k

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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