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2022
Exports $17.2kWorld Rnk 105 / 144
Flag Rnk 739 / 1017
2022
Destination $7.35k Poland
2021 - 2022
FASTEST GROWING MARKET $7.35kPoland
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $777kWorld Rnk 106 / 200
Flag Rnk 809 / 1175
2022
Origin $58.9k China
2021 - 2022
FASTEST GROWING ORIGIN $58.9kPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $17.2k in Locomotive Parts, making it the 105th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 739th most exported product in Ecuador. The main destination of Locomotive Parts exports from Ecuador are: Poland ($7.35k), Kazakhstan ($6.25k), United Kingdom ($3.03k), Peru ($407), and Panama ($127).

The fastest growing export markets for Locomotive Parts of Ecuador between 2021 and 2022 were Poland ($7.35k), Kazakhstan ($6.25k), and United Kingdom ($3.03k).

Imports In 2022, Ecuador imported $777k in Locomotive Parts, becoming the 106th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 809th most imported product in Ecuador. Ecuador imports Locomotive Parts primarily from: China ($484k), United States ($108k), Peru ($71k), Poland ($46.4k), and South Korea ($26.4k).

The fastest growing import markets in Locomotive Parts for Ecuador between 2021 and 2022 were Peru ($58.9k), United States ($53k), and Poland ($46.4k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Locomotive Parts exports accounted up to $1.4 and imports accounted up to $27.1k, resulting in a negative trade balance of $27.1k. Between November 2015 and December 2021 the exports of Ecuador's   Locomotive Parts have decreased by $-30.2k (-100%) from $30.2k to $1.4, while imports increased by $15.9k (141%) from $11.2k to $27.1k.

Destinations In December 2021, Locomotive Parts were exported mostly to Panama ($1.4), and were imported mostly from China ($25.4k), United States ($1.58k), and Peru ($172).

Growth In December 2021, the decrease in Locomotive Parts's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from China ($1.19k or 156%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2015 - December 2021)$-30.2k(-100%)
IMPORT GROWTH (December 2020 - December 2021)$15.9k(141%)
MAIN DESTINATION (December 2021)Panama$1.4

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.2k
IMPORTS (2022)$777k
NET TRADE (2022)-$759k

In 2022, Ecuador exported $17.2k in Locomotive Parts. The main destinations of Ecuador exports on Locomotive Parts were Poland ($7.35k), Kazakhstan ($6.25k), United Kingdom ($3.03k), Peru ($407), and Panama ($127).

In 2022, Ecuador imported $777k in Locomotive Parts, mainly from China ($484k), United States ($108k), Peru ($71k), Poland ($46.4k), and South Korea ($26.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Poland$7.35k (1%)
Kazakhstan$6.25k (1%)
United Kingdom$3.03k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Ecuador WERE (2021 - 2022):Brazil-$65.1k (-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 Locomotive Parts were:
Germany $1.71B
United States $1.59B
China $1.58B
In 2022, Ecuador's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $8.38k
TOP IMPORT POTENTIALChina+ $217k

Locomotive Parts’s highest export potential is Poland. With an export gap of $8.38k.   Locomotive Parts’s highest import potential is China with an import gap of $217k.

See methodology.

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