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2022
Exports $1.44MWorld Rnk 69 / 152
Flag Rnk 230 / 1017
2022
Destination $748k Costa Rica
2021 - 2022
FASTEST GROWING MARKET $748kCosta Rica
2022
PRODUCT COMPLEXITY IN Monofilament0.32Rnk 437 / 1025
2022
Imports $8.63MWorld Rnk 85 / 218
Flag Rnk 401 / 1175
2022
Origin $629k Brazil
2021 - 2022
FASTEST GROWING ORIGIN $629kBrazil
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.44M in Monofilament, making it the 69th largest exporter of Monofilament in the world. At the same year, Monofilament was the 230th most exported product in Ecuador. The main destination of Monofilament exports from Ecuador are: Costa Rica ($887k), Dominican Republic ($243k), United States ($145k), Panama ($64.1k), and Peru ($58.7k).

The fastest growing export markets for Monofilament of Ecuador between 2021 and 2022 were Costa Rica ($748k), Dominican Republic ($243k), and United States ($144k).

Imports In 2022, Ecuador imported $8.63M in Monofilament, becoming the 85th largest importer of Monofilament in the world. At the same year, Monofilament was the 401st most imported product in Ecuador. Ecuador imports Monofilament primarily from: Brazil ($2.83M), China ($2.18M), Turkey ($446k), United States ($421k), and Argentina ($412k).

The fastest growing import markets in Monofilament for Ecuador between 2021 and 2022 were Brazil ($629k), China ($379k), and United Kingdom ($148k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Monofilament exports accounted up to $20.6k and imports accounted up to $752k, resulting in a negative trade balance of $731k. Between August 2020 and December 2021 the exports of Ecuador's   Monofilament have increased by $19.9k (2.98k%) from $668 to $20.6k, while imports increased by $95.1k (14.5%) from $657k to $752k.

Destinations In December 2021, Monofilament were exported mostly to Costa Rica ($20.6k), and were imported mostly from Brazil ($418k), South Korea ($105k), Turkey ($51.9k), United States ($40.1k), and Italy ($27.1k).

Growth In December 2021, the increase in Monofilament's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Monofilament's year-by-year imports was explained primarily by an increase in imports from Spain ($37.6k or 154%), Colombia ($8.31k or 186%), and China ($8.14k or 10.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2020 - December 2021)$19.9k(2.98k%)
IMPORT GROWTH (December 2020 - December 2021)$95.1k(14.5%)
MAIN DESTINATION (December 2021)Costa Rica$20.6k

This section shows Monofilament'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 Monofilament over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.44M
IMPORTS (2022)$8.63M
NET TRADE (2022)-$7.19M

In 2022, Ecuador exported $1.44M in Monofilament. The main destinations of Ecuador exports on Monofilament were Costa Rica ($887k), Dominican Republic ($243k), United States ($145k), Panama ($64.1k), and Peru ($58.7k).

In 2022, Ecuador imported $8.63M in Monofilament, mainly from Brazil ($2.83M), China ($2.18M), Turkey ($446k), United States ($421k), and Argentina ($412k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Monofilament EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Costa Rica$748k (539%)
Dominican Republic$243k (1%)
United States$144k (51.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Monofilament BY Ecuador WERE (2021 - 2022):
Slovakia-$8.58k (-46.6%)
Estonia-$5.41k (-100%)
Peru-$3.1k (-5.01%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Monofilament were:
Germany $2.41B
China $885M
United States $558M
In 2022, Ecuador's main importing competitors in Monofilament were:
United States $824M
Germany $595M
Poland $449M

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Trade Value of Monofilament by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $218k
TOP IMPORT POTENTIALChina+ $489k

Monofilament’s highest export potential is United States. With an export gap of $218k.   Monofilament’s highest import potential is China with an import gap of $489k.

See methodology.

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