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2022
Exports $278kWorld Rnk 74 / 158
Flag Rnk 429 / 1017
2022
Destination $149k Brazil
2021 - 2022
FASTEST GROWING MARKET $149kBrazil
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $4.69MWorld Rnk 94 / 213
Flag Rnk 505 / 1175
2022
Origin $161k Italy
2021 - 2022
FASTEST GROWING ORIGIN $161kItaly
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $278k in Industrial Furnaces, making it the 74th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 429th most exported product in Ecuador. The main destination of Industrial Furnaces exports from Ecuador are: Brazil ($149k), Dominican Republic ($52.4k), Colombia ($31.2k), Panama ($30.3k), and United States ($5.61k).

The fastest growing export markets for Industrial Furnaces of Ecuador between 2021 and 2022 were Brazil ($149k), Panama ($28.7k), and Guatemala ($5.27k).

Imports In 2022, Ecuador imported $4.69M in Industrial Furnaces, becoming the 94th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 505th most imported product in Ecuador. Ecuador imports Industrial Furnaces primarily from: Italy ($1.03M), China ($896k), Spain ($610k), United States ($539k), and Colombia ($297k).

The fastest growing import markets in Industrial Furnaces for Ecuador between 2021 and 2022 were Italy ($161k), United Kingdom ($148k), and Spain ($136k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Industrial Furnaces exports accounted up to $1k and imports accounted up to $333k, resulting in a negative trade balance of $332k. Between February 2020 and December 2021 the exports of Ecuador's   Industrial Furnaces have decreased by $-20k (-95.2%) from $21k to $1k, while imports increased by $183k (122%) from $150k to $333k.

Destinations In December 2021, Industrial Furnaces were exported mostly to Israel ($1k), and were imported mostly from China ($257k), Brazil ($38.3k), Hong Kong ($15.9k), South Korea ($11.4k), and Colombia ($5.06k).

Growth In December 2021, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from Italy ($26.2k or 204%), United States ($11.2k or 380%), and Liechtenstein ($4.45k or 1.86k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2020 - December 2021)$-20k(-95.2%)
IMPORT GROWTH (December 2020 - December 2021)$183k(122%)
MAIN DESTINATION (December 2021)Israel$1k

This section shows Industrial Furnaces'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 Industrial Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$278k
IMPORTS (2022)$4.69M
NET TRADE (2022)-$4.42M

In 2022, Ecuador exported $278k in Industrial Furnaces. The main destinations of Ecuador exports on Industrial Furnaces were Brazil ($149k), Dominican Republic ($52.4k), Colombia ($31.2k), Panama ($30.3k), and United States ($5.61k).

In 2022, Ecuador imported $4.69M in Industrial Furnaces, mainly from Italy ($1.03M), China ($896k), Spain ($610k), United States ($539k), and Colombia ($297k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Brazil$149k (1%)
Panama$28.7k (1.86k%)
Guatemala$5.27k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Ecuador WERE (2021 - 2022):
Honduras-$89.5k (-99.5%)
Colombia-$66.4k (-68%)
Mexico-$27.5k (-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 Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Ecuador's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $41.9k
TOP IMPORT POTENTIALChina+ $495k

Industrial Furnaces’s highest export potential is Colombia. With an export gap of $41.9k.   Industrial Furnaces’s highest import potential is China with an import gap of $495k.

See methodology.

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