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2022
Exports $71.3kWorld Rnk 102 / 176
Flag Rnk 580 / 1017
2022
Destination $5.97k United States
2021 - 2022
FASTEST GROWING MARKET $5.97kHonduras
2022
PRODUCT COMPLEXITY IN Textile Processing Machines1.32Rnk 91 / 1025
2022
Imports $22.4MWorld Rnk 61 / 216
Flag Rnk 224 / 1175
2022
Origin $2.07M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.07MMexico
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $71.3k in Textile Processing Machines, making it the 102nd largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 580th most exported product in Ecuador. The main destination of Textile Processing Machines exports from Ecuador are: United States ($53k), Honduras ($5.97k), Ireland ($5.4k), Maldives ($4.32k), and Singapore ($1.2k).

The fastest growing export markets for Textile Processing Machines of Ecuador between 2021 and 2022 were Honduras ($5.97k), Maldives ($4.32k), and Singapore ($1.2k).

Imports In 2022, Ecuador imported $22.4M in Textile Processing Machines, becoming the 61st largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 224th most imported product in Ecuador. Ecuador imports Textile Processing Machines primarily from: United States ($6.73M), Mexico ($5.38M), South Korea ($4.13M), China ($2.91M), and Italy ($1.43M).

The fastest growing import markets in Textile Processing Machines for Ecuador between 2021 and 2022 were Mexico ($2.07M), United States ($1.94M), and South Korea ($1.23M).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Textile Processing Machines exports accounted up to $63.1k and imports accounted up to $1.32M, resulting in a negative trade balance of $1.25M. Between July 2017 and November 2021 the exports of Ecuador's   Textile Processing Machines have increased by $49.2k (355%) from $13.9k to $63.1k, while imports decreased by $-343k (-20.7%) from $1.66M to $1.32M.

Destinations In November 2021, Textile Processing Machines were exported mostly to , and were imported mostly from United States ($465k), South Korea ($300k), Mexico ($274k), China ($209k), and Italy ($48k).

Growth In November 2021, the increase in Textile Processing Machines's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Textile Processing Machines's year-by-year imports was explained primarily by a decrease in imports from Italy ($-509k or -81.6%), United States ($-455k or -83.6%), and Mexico ($-56.3k or -52.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2017 - November 2021)$49.2k(355%)
IMPORT GROWTH (December 2020 - December 2021)$-343k(-20.7%)
MAIN DESTINATION (November 2021)

This section shows Textile 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 Textile Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$71.3k
IMPORTS (2022)$22.4M
NET TRADE (2022)-$22.3M

In 2022, Ecuador exported $71.3k in Textile Processing Machines. The main destinations of Ecuador exports on Textile Processing Machines were United States ($53k), Honduras ($5.97k), Ireland ($5.4k), Maldives ($4.32k), and Singapore ($1.2k).

In 2022, Ecuador imported $22.4M in Textile Processing Machines, mainly from United States ($6.73M), Mexico ($5.38M), South Korea ($4.13M), China ($2.91M), and Italy ($1.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Honduras$5.97k (1%)
Maldives$4.32k (1%)
Singapore$1.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY Ecuador WERE (2021 - 2022):
Colombia-$94.7k (-100%)
Italy-$61.1k (-100%)
United States-$36.8k (-41%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Textile Processing Machines were:
China $1.79B
South Korea $1.01B
Poland $976M
In 2022, Ecuador's main importing competitors in Textile Processing Machines were:
United States $1.83B
Germany $801M
China $419M

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Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $76.1k
TOP IMPORT POTENTIALChina+ $1.2M

Textile Processing Machines’s highest export potential is United States. With an export gap of $76.1k.   Textile Processing Machines’s highest import potential is China with an import gap of $1.2M.

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