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2022
Exports $603kWorld Rnk 109 / 193
Flag Rnk 330 / 1017
2022
Destination $344k Colombia
2021 - 2022
FASTEST GROWING MARKET $344kColombia
2022
PRODUCT COMPLEXITY IN Electric Generating Sets0.31Rnk 443 / 1025
2022
Imports $65.1MWorld Rnk 65 / 221
Flag Rnk 78 / 1175
2022
Origin $21.8M China
2021 - 2022
FASTEST GROWING ORIGIN $21.8MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $603k in Electric Generating Sets, making it the 109th largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 330th most exported product in Ecuador. The main destination of Electric Generating Sets exports from Ecuador are: Colombia ($344k), Canada ($59.6k), Paraguay ($48.8k), Cuba ($47.3k), and Spain ($33.8k).

The fastest growing export markets for Electric Generating Sets of Ecuador between 2021 and 2022 were Colombia ($344k), Canada ($59.6k), and Paraguay ($48.8k).

Imports In 2022, Ecuador imported $65.1M in Electric Generating Sets, becoming the 65th largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 78th most imported product in Ecuador. Ecuador imports Electric Generating Sets primarily from: China ($42.8M), Peru ($4.2M), India ($2.68M), United Kingdom ($2.55M), and United States ($2.26M).

The fastest growing import markets in Electric Generating Sets for Ecuador between 2021 and 2022 were China ($21.8M), Turkey ($2.16M), and Portugal ($1.54M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Electric Generating Sets exports accounted up to $40.7k and imports accounted up to $2.44M, resulting in a negative trade balance of $2.4M. Between October 2019 and December 2021 the exports of Ecuador's   Electric Generating Sets have decreased by $-412k (-91%) from $452k to $40.7k, while imports increased by $1.37M (128%) from $1.07M to $2.44M.

Destinations In December 2021, Electric Generating Sets were exported mostly to Chile ($30.5k) and United States ($10.2k), and were imported mostly from China ($615k), United Kingdom ($559k), United States ($496k), Spain ($156k), and Peru ($154k).

Growth In December 2021, the decrease in Electric Generating Sets's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Electric Generating Sets's year-by-year imports was explained primarily by an increase in imports from Peru ($727k or 349%), China ($600k or 54.8%), and United States ($109k or 934%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2019 - December 2021)$-412k(-91%)
IMPORT GROWTH (December 2020 - December 2021)$1.37M(128%)
MAIN DESTINATION (December 2021)Chile$30.5k

This section shows Electric Generating Sets'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 Generating Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$603k
IMPORTS (2022)$65.1M
NET TRADE (2022)-$64.5M

In 2022, Ecuador exported $603k in Electric Generating Sets. The main destinations of Ecuador exports on Electric Generating Sets were Colombia ($344k), Canada ($59.6k), Paraguay ($48.8k), Cuba ($47.3k), and Spain ($33.8k).

In 2022, Ecuador imported $65.1M in Electric Generating Sets, mainly from China ($42.8M), Peru ($4.2M), India ($2.68M), United Kingdom ($2.55M), and United States ($2.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Generating Sets EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$344k (1%)
Canada$59.6k (1%)
Paraguay$48.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Generating Sets BY Ecuador WERE (2021 - 2022):
Nicaragua-$42.6k (-100%)
Chile-$37.3k (-89.2%)
Panama-$35.2k (-99.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Electric Generating Sets were:
China $8.15B
Germany $2.85B
United States $2.11B
In 2022, Ecuador's main importing competitors in Electric Generating Sets were:
United States $2.63B
Canada $1.37B
United Kingdom $1.02B

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Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.3k
TOP IMPORT POTENTIALChina+ $3.27M

Electric Generating Sets’s highest export potential is United States. With an export gap of $16.3k.   Electric Generating Sets’s highest import potential is China with an import gap of $3.27M.

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