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2022
Exports $30.4kWorld Rnk 98 / 184
Flag Rnk 672 / 1017
2022
Destination $2.2k United States
2021 - 2022
FASTEST GROWING MARKET $2.2kCosta Rica
2022
PRODUCT COMPLEXITY IN Tool Sets0.9Rnk 208 / 1025
2022
Imports $2.2MWorld Rnk 71 / 218
Flag Rnk 649 / 1175
2022
Origin $175k China
2021 - 2022
FASTEST GROWING ORIGIN $175kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $30.4k in Tool Sets, making it the 98th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 672nd most exported product in Ecuador. The main destination of Tool Sets exports from Ecuador are: United States ($14.4k), Brazil ($13.2k), Costa Rica ($2.25k), Denmark ($240), and Switzerland ($177).

The fastest growing export markets for Tool Sets of Ecuador between 2021 and 2022 were Costa Rica ($2.2k), Denmark ($240), and Switzerland ($177).

Imports In 2022, Ecuador imported $2.2M in Tool Sets, becoming the 71st largest importer of Tool Sets in the world. At the same year, Tool Sets was the 649th most imported product in Ecuador. Ecuador imports Tool Sets primarily from: China ($1.67M), United States ($213k), Chinese Taipei ($116k), Germany ($71.9k), and India ($22.1k).

The fastest growing import markets in Tool Sets for Ecuador between 2021 and 2022 were China ($175k), United States ($31.3k), and India ($12.2k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Tool Sets exports accounted up to $34.9k and imports accounted up to $266k, resulting in a negative trade balance of $231k. Between October 2020 and December 2021 the exports of Ecuador's   Tool Sets have increased by $34.5k (10k%) from $344 to $34.9k, while imports increased by $148k (125%) from $118k to $266k.

Destinations In December 2021, Tool Sets were exported mostly to Brazil ($20.6k) and Mexico ($14.3k), and were imported mostly from China ($225k), United States ($30.7k), Germany ($6.97k), Chinese Taipei ($3.4k), and Italy ($533).

Growth In December 2021, the increase in Tool Sets's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Tool Sets's year-by-year imports was explained primarily by an increase in imports from United States ($29.6k or 319%), China ($7.84k or 8.44%), and Germany ($653 or 31%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - December 2021)$34.5k(10k%)
IMPORT GROWTH (December 2020 - December 2021)$148k(125%)
MAIN DESTINATION (December 2021)Brazil$20.6k

This section shows Tool Sets'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 Tool Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.4k
IMPORTS (2022)$2.2M
NET TRADE (2022)-$2.17M

In 2022, Ecuador exported $30.4k in Tool Sets. The main destinations of Ecuador exports on Tool Sets were United States ($14.4k), Brazil ($13.2k), Costa Rica ($2.25k), Denmark ($240), and Switzerland ($177).

In 2022, Ecuador imported $2.2M in Tool Sets, mainly from China ($1.67M), United States ($213k), Chinese Taipei ($116k), Germany ($71.9k), and India ($22.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Costa Rica$2.2k (4.78k%)
Denmark$240 (1%)
Switzerland$177 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Ecuador WERE (2021 - 2022):
Kazakhstan-$64.3k (-100%)
United States-$34.4k (-70.5%)
Mexico-$14.5k (-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 Tool Sets were:
China $777M
Chinese Taipei $222M
Germany $143M
In 2022, Ecuador's main importing competitors in Tool Sets were:
Germany $157M
United States $150M
Netherlands $104M

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $598
TOP IMPORT POTENTIALChina+ $136k

Tool Sets’s highest export potential is United States. With an export gap of $598.   Tool Sets’s highest import potential is China with an import gap of $136k.

See methodology.

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