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2022
Exports $1.26MWorld Rnk 68 / 195
Flag Rnk 243 / 1017
2022
Destination $9.71k United States
2021 - 2022
FASTEST GROWING MARKET $9.71kHonduras
2022
PRODUCT COMPLEXITY IN Other Knit Clothing Accessories-1.29Rnk 906 / 1025
2022
Imports $1.93MWorld Rnk 103 / 218
Flag Rnk 675 / 1175
2022
Origin $327k China
2021 - 2022
FASTEST GROWING ORIGIN $327kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.26M in Other Knit Clothing Accessories, making it the 68th largest exporter of Other Knit Clothing Accessories in the world. At the same year, Other Knit Clothing Accessories was the 243rd most exported product in Ecuador. The main destination of Other Knit Clothing Accessories exports from Ecuador are: United States ($1.15M), Honduras ($35k), Panama ($16.4k), Colombia ($15.1k), and United Kingdom ($9.61k).

The fastest growing export markets for Other Knit Clothing Accessories of Ecuador between 2021 and 2022 were Honduras ($9.71k), Colombia ($8.03k), and Panama ($5.24k).

Imports In 2022, Ecuador imported $1.93M in Other Knit Clothing Accessories, becoming the 103rd largest importer of Other Knit Clothing Accessories in the world. At the same year, Other Knit Clothing Accessories was the 675th most imported product in Ecuador. Ecuador imports Other Knit Clothing Accessories primarily from: China ($1.29M), Mexico ($182k), United States ($99.1k), Peru ($79.2k), and South Korea ($78.9k).

The fastest growing import markets in Other Knit Clothing Accessories for Ecuador between 2021 and 2022 were China ($327k), South Korea ($75.7k), and United States ($45.2k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Other Knit Clothing Accessories exports accounted up to $167k and imports accounted up to $122k, resulting in a positive trade balance of $44.7k. Between December 2020 and December 2021 the exports of Ecuador's   Other Knit Clothing Accessories have increased by $80.9k (94.4%) from $85.7k to $167k, while imports increased by $20.7k (20.4%) from $101k to $122k.

Destinations In December 2021, Other Knit Clothing Accessories were exported mostly to United States ($159k), Honduras ($3.62k), Panama ($2.8k), Bahamas ($385), and Puerto Rico ($370), and were imported mostly from China ($90.6k), Mexico ($20.5k), Vietnam ($3.43k), Bolivia ($2.59k), and Portugal ($2.37k).

Growth In December 2021, the increase in Other Knit Clothing Accessories's year-by-year exports was explained primarily by an increase in exports to United States ($47.8k or 128%). In December 2021, the increase in Other Knit Clothing Accessories's year-by-year imports was explained primarily by an increase in imports from Colombia ($1.37k or 1.2k%) and Portugal ($237 or 7.81k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$80.9k(94.4%)
IMPORT GROWTH (December 2020 - December 2021)$20.7k(20.4%)
MAIN DESTINATION (December 2021)United States$159k

This section shows Other Knit Clothing Accessories'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 Other Knit Clothing Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.26M
IMPORTS (2022)$1.93M
NET TRADE (2022)-$673k

In 2022, Ecuador exported $1.26M in Other Knit Clothing Accessories. The main destinations of Ecuador exports on Other Knit Clothing Accessories were United States ($1.15M), Honduras ($35k), Panama ($16.4k), Colombia ($15.1k), and United Kingdom ($9.61k).

In 2022, Ecuador imported $1.93M in Other Knit Clothing Accessories, mainly from China ($1.29M), Mexico ($182k), United States ($99.1k), Peru ($79.2k), and South Korea ($78.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Clothing Accessories EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Honduras$9.71k (38.4%)
Colombia$8.03k (114%)
Panama$5.24k (47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Clothing Accessories BY Ecuador WERE (2021 - 2022):
United States-$132k (-10.4%)
Netherlands-$36k (-95.6%)
Peru-$19.6k (-98.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Other Knit Clothing Accessories were:
China $1.94B
Italy $239M
Germany $109M
In 2022, Ecuador's main importing competitors in Other Knit Clothing Accessories were:
United States $489M
Germany $218M
South Korea $166M

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Trade Value of Other Knit Clothing Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $360k
TOP IMPORT POTENTIALChina+ $251k

Other Knit Clothing Accessories’s highest export potential is United States. With an export gap of $360k.   Other Knit Clothing Accessories’s highest import potential is China with an import gap of $251k.

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