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2022
Exports $2.69MWorld Rnk 82 / 203
Flag Rnk 175 / 1017
2022
Destination $726k Colombia
2021 - 2022
FASTEST GROWING MARKET $726kPeru
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $6.03MWorld Rnk 100 / 218
Flag Rnk 465 / 1175
2022
Origin $406k China
2021 - 2022
FASTEST GROWING ORIGIN $406kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $2.69M in Knit Socks and Hosiery, making it the 82nd largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 175th most exported product in Ecuador. The main destination of Knit Socks and Hosiery exports from Ecuador are: Colombia ($970k), Peru ($746k), Bolivia ($347k), United States ($345k), and Panama ($233k).

The fastest growing export markets for Knit Socks and Hosiery of Ecuador between 2021 and 2022 were Peru ($726k), Panama ($210k), and Bolivia ($90.6k).

Imports In 2022, Ecuador imported $6.03M in Knit Socks and Hosiery, becoming the 100th largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 465th most imported product in Ecuador. Ecuador imports Knit Socks and Hosiery primarily from: China ($3.89M), Colombia ($827k), Turkey ($250k), Peru ($153k), and Pakistan ($150k).

The fastest growing import markets in Knit Socks and Hosiery for Ecuador between 2021 and 2022 were China ($406k), Colombia ($258k), and Turkey ($127k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Knit Socks and Hosiery exports accounted up to $479k and imports accounted up to $584k, resulting in a negative trade balance of $105k. Between December 2020 and December 2021 the exports of Ecuador's   Knit Socks and Hosiery have decreased by $-704k (-59.5%) from $1.18M to $479k, while imports increased by $176k (43.3%) from $408k to $584k.

Destinations In December 2021, Knit Socks and Hosiery were exported mostly to Colombia ($275k), United States ($194k), Paraguay ($7.8k), Costa Rica ($1.27k), and Canada ($250), and were imported mostly from China ($453k), Turkey ($46.7k), Italy ($27.6k), Colombia ($18.7k), and Pakistan ($13.8k).

Growth In December 2021, the decrease in Knit Socks and Hosiery's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-106k or -74%) and Mexico ($-3.1k or -55%). In December 2021, the increase in Knit Socks and Hosiery's year-by-year imports was explained primarily by an increase in imports from China ($76.1k or 39.5%), Italy ($24.5k or 3.03k%), and Pakistan ($6.36k or 156%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-704k(-59.5%)
IMPORT GROWTH (December 2020 - December 2021)$176k(43.3%)
MAIN DESTINATION (December 2021)Colombia$275k

This section shows Knit Socks and Hosiery'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 Socks and Hosiery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.69M
IMPORTS (2022)$6.03M
NET TRADE (2022)-$3.33M

In 2022, Ecuador exported $2.69M in Knit Socks and Hosiery. The main destinations of Ecuador exports on Knit Socks and Hosiery were Colombia ($970k), Peru ($746k), Bolivia ($347k), United States ($345k), and Panama ($233k).

In 2022, Ecuador imported $6.03M in Knit Socks and Hosiery, mainly from China ($3.89M), Colombia ($827k), Turkey ($250k), Peru ($153k), and Pakistan ($150k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$726k (3.67k%)
Panama$210k (915%)
Bolivia$90.6k (35.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Ecuador WERE (2021 - 2022):
United States-$2.13M (-86.1%)
Colombia-$225k (-18.8%)
Mexico-$23.6k (-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 Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Ecuador's main importing competitors in Knit Socks and Hosiery were:
United States $2.93B
Germany $1.51B
Japan $866M

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $725k
TOP IMPORT POTENTIALChina+ $1.28M

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $725k.   Knit Socks and Hosiery’s highest import potential is China with an import gap of $1.28M.

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