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2022
Exports $998kWorld Rnk 104 / 215
Flag Rnk 269 / 1017
2022
Destination $41.4k United States
2021 - 2022
FASTEST GROWING MARKET $41.4kCosta Rica
2022
PRODUCT COMPLEXITY IN Knit Women's Suits-1.27Rnk 900 / 1025
2022
Imports $21.6MWorld Rnk 96 / 220
Flag Rnk 229 / 1175
2022
Origin $1.73M China
2021 - 2022
FASTEST GROWING ORIGIN $1.73MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $998k in Knit Women's Suits, making it the 104th largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 269th most exported product in Ecuador. The main destination of Knit Women's Suits exports from Ecuador are: United States ($455k), Germany ($180k), Costa Rica ($74.6k), Chile ($52.1k), and Spain ($34.3k).

The fastest growing export markets for Knit Women's Suits of Ecuador between 2021 and 2022 were Costa Rica ($41.4k), Spain ($32.9k), and Curaçao ($9.75k).

Imports In 2022, Ecuador imported $21.6M in Knit Women's Suits, becoming the 96th largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 229th most imported product in Ecuador. Ecuador imports Knit Women's Suits primarily from: China ($7.18M), Peru ($2.88M), Colombia ($2.52M), Spain ($1.35M), and Bangladesh ($1.18M).

The fastest growing import markets in Knit Women's Suits for Ecuador between 2021 and 2022 were China ($1.73M), Bangladesh ($631k), and Cambodia ($317k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Knit Women's Suits exports accounted up to $302k and imports accounted up to $1.41M, resulting in a negative trade balance of $1.11M. Between December 2020 and December 2021 the exports of Ecuador's   Knit Women's Suits have increased by $280k (1.28k%) from $21.9k to $302k, while imports increased by $115k (8.84%) from $1.3M to $1.41M.

Destinations In December 2021, Knit Women's Suits were exported mostly to United States ($232k), Paraguay ($22.2k), Bolivia ($17.7k), Germany ($8.24k), and Panama ($4.96k), and were imported mostly from China ($486k), Colombia ($207k), Vietnam ($95.6k), Turkey ($89.3k), and Cambodia ($76.6k).

Growth In December 2021, the increase in Knit Women's Suits's year-by-year exports was explained primarily by an increase in exports to Peru ($1.47k or 334%). In December 2021, the increase in Knit Women's Suits's year-by-year imports was explained primarily by an increase in imports from Philippines ($16.1k or 477%), Peru ($11.4k or 107%), and Pakistan ($9.63k or 85.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$280k(1.28k%)
IMPORT GROWTH (December 2020 - December 2021)$115k(8.84%)
MAIN DESTINATION (December 2021)United States$232k

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$998k
IMPORTS (2022)$21.6M
NET TRADE (2022)-$20.6M

In 2022, Ecuador exported $998k in Knit Women's Suits. The main destinations of Ecuador exports on Knit Women's Suits were United States ($455k), Germany ($180k), Costa Rica ($74.6k), Chile ($52.1k), and Spain ($34.3k).

In 2022, Ecuador imported $21.6M in Knit Women's Suits, mainly from China ($7.18M), Peru ($2.88M), Colombia ($2.52M), Spain ($1.35M), and Bangladesh ($1.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Costa Rica$41.4k (125%)
Spain$32.9k (2.32k%)
Curaçao$9.75k (673%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY Ecuador WERE (2021 - 2022):
United States-$1.7M (-78.9%)
Cuba-$30.1k (-85.4%)
Bolivia-$29.7k (-62%)
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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 Women's Suits were:
China $13.9B
Bangladesh $4.08B
Vietnam $3.48B
In 2022, Ecuador's main importing competitors in Knit Women's Suits were:
United States $8.38B
Germany $5.04B
United Kingdom $2.14B

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Trade Value of Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $864k
TOP IMPORT POTENTIALChina+ $3.47M

Knit Women's Suits’s highest export potential is United States. With an export gap of $864k.   Knit Women's Suits’s highest import potential is China with an import gap of $3.47M.

See methodology.

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