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2022
Exports $568kWorld Rnk 65 / 146
Flag Rnk 336 / 1017
2022
Destination $180k Colombia
2021 - 2022
FASTEST GROWING MARKET $180kColombia
2022
PRODUCT COMPLEXITY IN Other Synthetic Fabrics-0.22Rnk 620 / 1025
2022
Imports $7.2MWorld Rnk 84 / 198
Flag Rnk 428 / 1175
2022
Origin $573k China
2021 - 2022
FASTEST GROWING ORIGIN $573kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $568k in Other Synthetic Fabrics, making it the 65th largest exporter of Other Synthetic Fabrics in the world. At the same year, Other Synthetic Fabrics was the 336th most exported product in Ecuador. The main destination of Other Synthetic Fabrics exports from Ecuador are: Colombia ($405k), Mexico ($65.1k), Peru ($55.5k), United Kingdom ($27.2k), and Bolivia ($10.3k).

The fastest growing export markets for Other Synthetic Fabrics of Ecuador between 2021 and 2022 were Colombia ($180k), Peru ($35.6k), and United Kingdom ($27.2k).

Imports In 2022, Ecuador imported $7.2M in Other Synthetic Fabrics, becoming the 84th largest importer of Other Synthetic Fabrics in the world. At the same year, Other Synthetic Fabrics was the 428th most imported product in Ecuador. Ecuador imports Other Synthetic Fabrics primarily from: China ($4.96M), India ($773k), Colombia ($654k), United States ($210k), and Peru ($186k).

The fastest growing import markets in Other Synthetic Fabrics for Ecuador between 2021 and 2022 were China ($573k), India ($568k), and Peru ($170k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Other Synthetic Fabrics exports accounted up to $12.8k and imports accounted up to $638k, resulting in a negative trade balance of $625k. Between September 2020 and December 2021 the exports of Ecuador's   Other Synthetic Fabrics have decreased by $-65.9k (-83.7%) from $78.7k to $12.8k, while imports increased by $234k (58.1%) from $403k to $638k.

Destinations In December 2021, Other Synthetic Fabrics were exported mostly to Colombia ($12.8k), and were imported mostly from China ($487k), Spain ($73.2k), Colombia ($41.8k), Bolivia ($27.9k), and India ($8k).

Growth In December 2021, the decrease in Other Synthetic Fabrics's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Other Synthetic Fabrics's year-by-year imports was explained primarily by an increase in imports from Colombia ($30.8k or 88.9%) and China ($14.7k or 7.88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2020 - December 2021)$-65.9k(-83.7%)
IMPORT GROWTH (December 2020 - December 2021)$234k(58.1%)
MAIN DESTINATION (December 2021)Colombia$12.8k

This section shows Other Synthetic Fabrics'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 Synthetic Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$568k
IMPORTS (2022)$7.2M
NET TRADE (2022)-$6.63M

In 2022, Ecuador exported $568k in Other Synthetic Fabrics. The main destinations of Ecuador exports on Other Synthetic Fabrics were Colombia ($405k), Mexico ($65.1k), Peru ($55.5k), United Kingdom ($27.2k), and Bolivia ($10.3k).

In 2022, Ecuador imported $7.2M in Other Synthetic Fabrics, mainly from China ($4.96M), India ($773k), Colombia ($654k), United States ($210k), and Peru ($186k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Synthetic Fabrics EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$180k (80.4%)
Peru$35.6k (178%)
United Kingdom$27.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Synthetic Fabrics BY Ecuador WERE (2021 - 2022):
Mexico-$64.1k (-49.6%)
Bolivia-$3.22k (-23.9%)
Estonia-$2.04k (-49.4%)
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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 Synthetic Fabrics were:
China $1.73B
India $400M
Turkey $237M
In 2022, Ecuador's main importing competitors in Other Synthetic Fabrics were:
Vietnam $284M
Bangladesh $226M
United Arab Emirates $193M

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Trade Value of Other Synthetic Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $36k
TOP IMPORT POTENTIALChina+ $502k

Other Synthetic Fabrics’s highest export potential is Peru. With an export gap of $36k.   Other Synthetic Fabrics’s highest import potential is China with an import gap of $502k.

See methodology.

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