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2022
Exports $623kWorld Rnk 103 / 207
Flag Rnk 325 / 1017
2022
Destination $73.7k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $73.7kItaly
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $8.43MWorld Rnk 108 / 221
Flag Rnk 405 / 1175
2022
Origin $356k China
2021 - 2022
FASTEST GROWING ORIGIN $356kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $623k in Knit Men's Suits, making it the 103rd largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 325th most exported product in Ecuador. The main destination of Knit Men's Suits exports from Ecuador are: United Kingdom ($95.8k), Italy ($95.8k), Peru ($87.4k), Bolivia ($79k), and United States ($71.8k).

The fastest growing export markets for Knit Men's Suits of Ecuador between 2021 and 2022 were Italy ($73.7k), United States ($54.5k), and Costa Rica ($50.9k).

Imports In 2022, Ecuador imported $8.43M in Knit Men's Suits, becoming the 108th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 405th most imported product in Ecuador. Ecuador imports Knit Men's Suits primarily from: China ($2.03M), Peru ($1.49M), Pakistan ($544k), Vietnam ($527k), and Cambodia ($511k).

The fastest growing import markets in Knit Men's Suits for Ecuador between 2021 and 2022 were China ($356k), Peru ($341k), and Bangladesh ($176k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Knit Men's Suits exports accounted up to $62.3k and imports accounted up to $878k, resulting in a negative trade balance of $816k. Between December 2020 and December 2021 the exports of Ecuador's   Knit Men's Suits have increased by $29.2k (88.3%) from $33.1k to $62.3k, while imports increased by $489k (126%) from $389k to $878k.

Destinations In December 2021, Knit Men's Suits were exported mostly to Peru ($24.1k), Bolivia ($10.4k), Mexico ($10.1k), Italy ($9.96k), and Costa Rica ($3.28k), and were imported mostly from China ($386k), Cambodia ($69.9k), Colombia ($48.9k), Pakistan ($47.6k), and Turkey ($47.4k).

Growth In December 2021, the increase in Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from India ($87.4k or 84.7k%), Pakistan ($6.46k or 19%), and Portugal ($1.27k or 107%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$29.2k(88.3%)
IMPORT GROWTH (December 2020 - December 2021)$489k(126%)
MAIN DESTINATION (December 2021)Peru$24.1k

This section shows Knit Men's Suits'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 Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$623k
IMPORTS (2022)$8.43M
NET TRADE (2022)-$7.81M

In 2022, Ecuador exported $623k in Knit Men's Suits. The main destinations of Ecuador exports on Knit Men's Suits were United Kingdom ($95.8k), Italy ($95.8k), Peru ($87.4k), Bolivia ($79k), and United States ($71.8k).

In 2022, Ecuador imported $8.43M in Knit Men's Suits, mainly from China ($2.03M), Peru ($1.49M), Pakistan ($544k), Vietnam ($527k), and Cambodia ($511k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Italy$73.7k (334%)
United States$54.5k (315%)
Costa Rica$50.9k (264%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Ecuador WERE (2021 - 2022):
Netherlands-$53.3k (-100%)
Peru-$20.7k (-19.1%)
Colombia-$20.2k (-94.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Ecuador's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $115k
TOP IMPORT POTENTIALChina+ $964k

Knit Men's Suits’s highest export potential is Germany. With an export gap of $115k.   Knit Men's Suits’s highest import potential is China with an import gap of $964k.

See methodology.

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