2022
Exports
$6.73MWorld Rnk 63 / 184
Flag Rnk 114 / 1017
2022
PRODUCT COMPLEXITY IN Lifting Machinery
1.12Rnk 128 / 1025
2022
Imports
$58.5MWorld Rnk 70 / 219
Flag Rnk 89 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $6.73M in Lifting Machinery, making it the 63rd largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 114th most exported product in Ecuador. The main destination of Lifting Machinery exports from Ecuador are: Indonesia ($5.62M), Norway ($589k), Armenia ($187k), Colombia ($158k), and United States ($56.1k).

The fastest growing export markets for Lifting Machinery of Ecuador between 2021 and 2022 were Indonesia ($5.62M), Norway ($589k), and Armenia ($187k).

Imports In 2022, Ecuador imported $58.5M in Lifting Machinery, becoming the 70th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 89th most imported product in Ecuador. Ecuador imports Lifting Machinery primarily from: China ($23.2M), Australia ($7.2M), Germany ($4.14M), Thailand ($3.75M), and Spain ($3.29M).

The fastest growing import markets in Lifting Machinery for Ecuador between 2021 and 2022 were Australia ($7.19M), Germany ($2.27M), and Thailand ($1.72M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Lifting Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.73M
IMPORTS (2022)$58.5M
NET TRADE (2022)-$51.8M

In 2022, Ecuador exported $6.73M in Lifting Machinery. The main destinations of Ecuador exports on Lifting Machinery were Indonesia ($5.62M), Norway ($589k), Armenia ($187k), Colombia ($158k), and United States ($56.1k).

In 2022, Ecuador imported $58.5M in Lifting Machinery, mainly from China ($23.2M), Australia ($7.2M), Germany ($4.14M), Thailand ($3.75M), and Spain ($3.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Indonesia$5.62M (1%)
Norway$589k (1%)
Armenia$187k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Ecuador WERE (2021 - 2022):
Brazil-$478k (-98.4%)
Austria-$291k (-100%)
Chile-$184k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ecuador's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Ecuador's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $551k
TOP IMPORT POTENTIALChina+ $4.68M

Lifting Machinery’s highest export potential is United States. With an export gap of $551k.   Lifting Machinery’s highest import potential is China with an import gap of $4.68M.

See methodology.

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