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2022
Exports $1.67MWorld Rnk 105 / 221
Flag Rnk 217 / 1017
2022
Destination $100k United States
2021 - 2022
FASTEST GROWING MARKET $100kBolivia
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits-1.17Rnk 874 / 1025
2022
Imports $33.3MWorld Rnk 82 / 225
Flag Rnk 165 / 1175
2022
Origin $4.64M China
2021 - 2022
FASTEST GROWING ORIGIN $4.64MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.67M in Non-Knit Men's Suits, making it the 105th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 217th most exported product in Ecuador. The main destination of Non-Knit Men's Suits exports from Ecuador are: United States ($400k), Guatemala ($273k), Peru ($272k), Chile ($259k), and Bolivia ($207k).

The fastest growing export markets for Non-Knit Men's Suits of Ecuador between 2021 and 2022 were Bolivia ($100k), Chile ($79.1k), and Spain ($28.4k).

Imports In 2022, Ecuador imported $33.3M in Non-Knit Men's Suits, becoming the 82nd largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 165th most imported product in Ecuador. Ecuador imports Non-Knit Men's Suits primarily from: China ($9.01M), Colombia ($5.74M), Bangladesh ($4.33M), Spain ($2.56M), and Pakistan ($1.34M).

The fastest growing import markets in Non-Knit Men's Suits for Ecuador between 2021 and 2022 were China ($4.64M), Bangladesh ($1.81M), and Colombia ($1.26M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Non-Knit Men's Suits exports accounted up to $170k and imports accounted up to $2.9M, resulting in a negative trade balance of $2.73M. Between December 2020 and December 2021 the exports of Ecuador's   Non-Knit Men's Suits have increased by $95.1k (127%) from $74.6k to $170k, while imports increased by $653k (29%) from $2.25M to $2.9M.

Destinations In December 2021, Non-Knit Men's Suits were exported mostly to Guatemala ($68k), Peru ($29k), United States ($24.7k), Paraguay ($23.1k), and Chile ($15.3k), and were imported mostly from China ($684k), Colombia ($625k), Bangladesh ($360k), Turkey ($245k), and Pakistan ($182k).

Growth In December 2021, the increase in Non-Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to United States ($74.7k or 864%) and Guatemala ($43.7k or 157%). In December 2021, the increase in Non-Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from Croatia ($11.1k or 1.21k%), Vietnam ($10.5k or 17%), and Italy ($10.4k or 41.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$95.1k(127%)
IMPORT GROWTH (December 2020 - December 2021)$653k(29%)
MAIN DESTINATION (December 2021)Guatemala$68k

This section shows Non-Knit Men'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 Non-Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.67M
IMPORTS (2022)$33.3M
NET TRADE (2022)-$31.6M

In 2022, Ecuador exported $1.67M in Non-Knit Men's Suits. The main destinations of Ecuador exports on Non-Knit Men's Suits were United States ($400k), Guatemala ($273k), Peru ($272k), Chile ($259k), and Bolivia ($207k).

In 2022, Ecuador imported $33.3M in Non-Knit Men's Suits, mainly from China ($9.01M), Colombia ($5.74M), Bangladesh ($4.33M), Spain ($2.56M), and Pakistan ($1.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Bolivia$100k (93.9%)
Chile$79.1k (43.9%)
Spain$28.4k (648%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Ecuador WERE (2021 - 2022):
United States-$187k (-31.9%)
Guatemala-$126k (-31.6%)
Paraguay-$23.1k (-60.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Non-Knit Men's Suits were:
China $10.7B
Bangladesh $8.82B
Vietnam $3.63B
In 2022, Ecuador's main importing competitors in Non-Knit Men's Suits were:
United States $10.8B
Germany $5.92B
France $2.37B

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $283k
TOP IMPORT POTENTIALChina+ $3.11M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $283k.   Non-Knit Men's Suits’s highest import potential is China with an import gap of $3.11M.

See methodology.

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