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2022
Exports $103kWorld Rnk 86 / 165
Flag Rnk 540 / 1017
2022
Destination $28.2k Colombia
2021 - 2022
FASTEST GROWING MARKET $28.2kEgypt
2022
PRODUCT COMPLEXITY IN Tensile Testing Machines1.41Rnk 69 / 1025
2022
Imports $2.87MWorld Rnk 73 / 206
Flag Rnk 598 / 1175
2022
Origin $255k United States
2021 - 2022
FASTEST GROWING ORIGIN $255kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $103k in Tensile Testing Machines, making it the 86th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 540th most exported product in Ecuador. The main destination of Tensile Testing Machines exports from Ecuador are: Colombia ($31.9k), Egypt ($28.2k), Panama ($10k), United States ($9.4k), and China ($6.5k).

The fastest growing export markets for Tensile Testing Machines of Ecuador between 2021 and 2022 were Egypt ($28.2k), Colombia ($27.3k), and Panama ($10k).

Imports In 2022, Ecuador imported $2.87M in Tensile Testing Machines, becoming the 73rd largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 598th most imported product in Ecuador. Ecuador imports Tensile Testing Machines primarily from: United States ($937k), Spain ($591k), China ($407k), Germany ($151k), and France ($143k).

The fastest growing import markets in Tensile Testing Machines for Ecuador between 2021 and 2022 were United States ($255k), France ($142k), and China ($125k).

Latest Trends

July 2021

About

Overview In July 2021 Ecuador's Tensile Testing Machines exports accounted up to $27k and imports accounted up to $104k, resulting in a negative trade balance of $77k. Between April 2018 and July 2021 the exports of Ecuador's   Tensile Testing Machines have increased by $26.9k (41.4k%) from $65 to $27k, while imports decreased by $-63.9k (-38.1%) from $168k to $104k.

Destinations In July 2021, Tensile Testing Machines were exported mostly to , and were imported mostly from Germany ($45.3k), United States ($25.1k), China ($23k), United Kingdom ($5.68k), and Italy ($3.48k).

Growth In July 2021, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Tensile Testing Machines's year-by-year imports was explained primarily by a decrease in imports from United States ($-112k or -86.4%), Italy ($-5.47k or -11%), and Colombia ($-1.78k or -93%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2018 - July 2021)$26.9k(41.4k%)
IMPORT GROWTH (December 2020 - December 2021)$-63.9k(-38.1%)
MAIN DESTINATION (July 2021)

This section shows Tensile Testing 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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$103k
IMPORTS (2022)$2.87M
NET TRADE (2022)-$2.76M

In 2022, Ecuador exported $103k in Tensile Testing Machines. The main destinations of Ecuador exports on Tensile Testing Machines were Colombia ($31.9k), Egypt ($28.2k), Panama ($10k), United States ($9.4k), and China ($6.5k).

In 2022, Ecuador imported $2.87M in Tensile Testing Machines, mainly from United States ($937k), Spain ($591k), China ($407k), Germany ($151k), and France ($143k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Egypt$28.2k (1%)
Colombia$27.3k (588%)
Panama$10k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY Ecuador WERE (2021 - 2022):
Mexico-$25k (-92.6%)
Paraguay-$5k (-100%)
Germany-$2.1k (-26.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Tensile Testing Machines were:
United States $633M
Germany $397M
United Kingdom $230M
In 2022, Ecuador's main importing competitors in Tensile Testing Machines were:
China $408M
United States $239M
Germany $162M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.9k
TOP IMPORT POTENTIALUnited States+ $193k

Tensile Testing Machines’s highest export potential is United States. With an export gap of $31.9k.   Tensile Testing Machines’s highest import potential is United States with an import gap of $193k.

See methodology.

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