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2022
Exports $2.44MWorld Rnk 85 / 194
Flag Rnk 191 / 1017
2022
Destination $922k China
2021 - 2022
FASTEST GROWING MARKET $922kChina
2022
PRODUCT COMPLEXITY IN Stone Processing Machines0.41Rnk 405 / 1025
2022
Imports $50.1MWorld Rnk 82 / 223
Flag Rnk 108 / 1175
2022
Origin $10.9M China
2021 - 2022
FASTEST GROWING ORIGIN $10.9MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $2.44M in Stone Processing Machines, making it the 85th largest exporter of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 191st most exported product in Ecuador. The main destination of Stone Processing Machines exports from Ecuador are: China ($931k), Colombia ($910k), Norway ($194k), Jamaica ($117k), and Guatemala ($78.2k).

The fastest growing export markets for Stone Processing Machines of Ecuador between 2021 and 2022 were China ($922k), Colombia ($577k), and Jamaica ($117k).

Imports In 2022, Ecuador imported $50.1M in Stone Processing Machines, becoming the 82nd largest importer of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 108th most imported product in Ecuador. Ecuador imports Stone Processing Machines primarily from: China ($17M), Chile ($6.12M), Peru ($5.33M), Brazil ($4.3M), and United States ($3.51M).

The fastest growing import markets in Stone Processing Machines for Ecuador between 2021 and 2022 were China ($10.9M), Peru ($3.05M), and Chile ($1.78M).

COMPANIES In 2021, leading companies such as Continental Tire (15) were at the forefront of shipping Stone Processing Machines from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Stone Processing Machines exports accounted up to $22.7k and imports accounted up to $2.17M, resulting in a negative trade balance of $2.15M. Between December 2020 and December 2021 the exports of Ecuador's   Stone Processing Machines have decreased by $-172k (-88.3%) from $195k to $22.7k, while imports decreased by $-213k (-8.94%) from $2.38M to $2.17M.

Destinations In December 2021, Stone Processing Machines were exported mostly to Argentina ($22.7k) and Panama ($3), and were imported mostly from Italy ($1.04M), China ($545k), United States ($197k), Peru ($174k), and Mexico ($58.6k).

Growth In December 2021, the decrease in Stone Processing Machines's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-16.1k or -93.7%). In December 2021, the decrease in Stone Processing Machines's year-by-year imports was explained primarily by a decrease in imports from Germany ($-571k or -76.6%), Italy ($-451k or -92%), and Spain ($-163k or -83.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-172k(-88.3%)
IMPORT GROWTH (December 2020 - December 2021)$-213k(-8.94%)
MAIN DESTINATION (December 2021)Argentina$22.7k

This section shows Stone Processing Machines'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 Stone Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.44M
IMPORTS (2022)$50.1M
NET TRADE (2022)-$47.7M

In 2022, Ecuador exported $2.44M in Stone Processing Machines. The main destinations of Ecuador exports on Stone Processing Machines were China ($931k), Colombia ($910k), Norway ($194k), Jamaica ($117k), and Guatemala ($78.2k).

In 2022, Ecuador imported $50.1M in Stone Processing Machines, mainly from China ($17M), Chile ($6.12M), Peru ($5.33M), Brazil ($4.3M), and United States ($3.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stone Processing Machines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
China$922k (9.77k%)
Colombia$577k (173%)
Jamaica$117k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Processing Machines BY Ecuador WERE (2021 - 2022):
United States-$249k (-98.8%)
Peru-$193k (-84.4%)
Turkey-$78.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Stone Processing Machines were:
China $5.39B
Germany $2.15B
Italy $1.58B
In 2022, Ecuador's main importing competitors in Stone Processing Machines were:
United States $2.34B
Germany $840M
Canada $831M

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Trade Value of Stone Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $63k
TOP IMPORT POTENTIALChina+ $2.96M

Stone Processing Machines’s highest export potential is United States. With an export gap of $63k.   Stone Processing Machines’s highest import potential is China with an import gap of $2.96M.

See methodology.

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