2022
Exports
$4.79MWorld Rnk 90 / 221
Flag Rnk 133 / 1017
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$22.5MWorld Rnk 90 / 218
Flag Rnk 223 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $4.79M in Knit Sweaters, making it the 90th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 133rd most exported product in Ecuador. The main destination of Knit Sweaters exports from Ecuador are: Peru ($1.2M), United States ($893k), Guatemala ($822k), Netherlands ($599k), and Bolivia ($307k).

The fastest growing export markets for Knit Sweaters of Ecuador between 2021 and 2022 were Peru ($727k), Netherlands ($209k), and Mexico ($121k).

Imports In 2022, Ecuador imported $22.5M in Knit Sweaters, becoming the 90th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 223rd most imported product in Ecuador. Ecuador imports Knit Sweaters primarily from: China ($5.91M), Spain ($3.9M), Bangladesh ($3.79M), Colombia ($2.06M), and Peru ($1.01M).

The fastest growing import markets in Knit Sweaters for Ecuador between 2021 and 2022 were China ($2.19M), Bangladesh ($1.93M), and Cambodia ($377k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-1.19k(-0.97%)
IMPORT GROWTH (December 2020 - December 2021)$543k(37.7%)
MAIN DESTINATION (December 2021)Bolivia$40.2k

This section shows Knit Sweaters'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 Sweaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.79M
IMPORTS (2022)$22.5M
NET TRADE (2022)-$17.7M

In 2022, Ecuador exported $4.79M in Knit Sweaters. The main destinations of Ecuador exports on Knit Sweaters were Peru ($1.2M), United States ($893k), Guatemala ($822k), Netherlands ($599k), and Bolivia ($307k).

In 2022, Ecuador imported $22.5M in Knit Sweaters, mainly from China ($5.91M), Spain ($3.9M), Bangladesh ($3.79M), Colombia ($2.06M), and Peru ($1.01M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$727k (152%)
Netherlands$209k (53.7%)
Mexico$121k (344%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Ecuador WERE (2021 - 2022):
Colombia-$54.5k (-46%)
Greece-$17.1k (-100%)
Ireland-$14.6k (-75.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Knit Sweaters were:
In 2022, Ecuador's main importing competitors in Knit Sweaters were:

Explore Visualizations

Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.08M
TOP IMPORT POTENTIALChina+ $3.8M

Knit Sweaters’s highest export potential is United States. With an export gap of $2.08M.   Knit Sweaters’s highest import potential is China with an import gap of $3.8M.

See methodology.

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