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2022
Exports $9.93MWorld Rnk 78 / 218
Flag Rnk 91 / 1017
2022
Destination $1.33M United States
2021 - 2022
FASTEST GROWING MARKET $1.33MUnited States
2022
PRODUCT COMPLEXITY IN Seats0.0071Rnk 545 / 1025
2022
Imports $42.9MWorld Rnk 89 / 224
Flag Rnk 128 / 1175
2022
Origin $1.83M China
2021 - 2022
FASTEST GROWING ORIGIN $1.83MThailand
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $9.93M in Seats, making it the 78th largest exporter of Seats in the world. At the same year, Seats was the 91st most exported product in Ecuador. The main destination of Seats exports from Ecuador are: United States ($4.01M), Peru ($1.06M), Panama ($960k), United Arab Emirates ($948k), and Dominican Republic ($707k).

The fastest growing export markets for Seats of Ecuador between 2021 and 2022 were United States ($1.33M), Panama ($570k), and Peru ($356k).

Imports In 2022, Ecuador imported $42.9M in Seats, becoming the 89th largest importer of Seats in the world. At the same year, Seats was the 128th most imported product in Ecuador. Ecuador imports Seats primarily from: China ($30.5M), Thailand ($2.43M), Colombia ($1.86M), United States ($1.48M), and Brazil ($1.43M).

The fastest growing import markets in Seats for Ecuador between 2021 and 2022 were Thailand ($1.83M), Italy ($500k), and Colombia ($239k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Seats exports accounted up to $565k and imports accounted up to $3.71M, resulting in a negative trade balance of $3.15M. Between December 2020 and December 2021 the exports of Ecuador's   Seats have increased by $262k (86.7%) from $303k to $565k, while imports increased by $635k (20.6%) from $3.08M to $3.71M.

Destinations In December 2021, Seats were exported mostly to United States ($346k), Peru ($66.4k), Chile ($39.7k), Colombia ($30.4k), and Dominican Republic ($24.4k), and were imported mostly from China ($2.74M), Brazil ($334k), India ($205k), United States ($86.4k), and Italy ($83.4k).

Growth In December 2021, the increase in Seats's year-by-year exports was explained primarily by an increase in exports to United States ($47.3k or 48.7%), Peru ($27.2k or 82.9%), and Bolivia ($24.3k or 96.4%). In December 2021, the increase in Seats's year-by-year imports was explained primarily by an increase in imports from China ($397k or 25.9%), Brazil ($144k or 222%), and Vietnam ($64.5k or 218%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$262k(86.7%)
IMPORT GROWTH (December 2020 - December 2021)$635k(20.6%)
MAIN DESTINATION (December 2021)United States$346k

This section shows Seats'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 Seats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.93M
IMPORTS (2022)$42.9M
NET TRADE (2022)-$33M

In 2022, Ecuador exported $9.93M in Seats. The main destinations of Ecuador exports on Seats were United States ($4.01M), Peru ($1.06M), Panama ($960k), United Arab Emirates ($948k), and Dominican Republic ($707k).

In 2022, Ecuador imported $42.9M in Seats, mainly from China ($30.5M), Thailand ($2.43M), Colombia ($1.86M), United States ($1.48M), and Brazil ($1.43M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Seats EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$1.33M (50%)
Panama$570k (146%)
Peru$356k (50.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seats BY Ecuador WERE (2021 - 2022):
United Arab Emirates-$318k (-25.1%)
Bolivia-$247k (-41.6%)
Chile-$70.4k (-53%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Seats were:
China $34.3B
Poland $6.67B
Vietnam $4.84B
In 2022, Ecuador's main importing competitors in Seats were:
United States $21.3B
Germany $8.87B
France $4.46B

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Trade Value of Seats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.83M
TOP IMPORT POTENTIALChina+ $9.77M

Seats’s highest export potential is United States. With an export gap of $4.83M.   Seats’s highest import potential is China with an import gap of $9.77M.

See methodology.

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