Ecuador / Nicaragua

Overview In December 2021, Ecuador exported $3M and imported $1.74M from Nicaragua, resulting in a positive trade balance of $1.25M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-641k (-17.6%) from $3.64M to $3M, while imports increased by $1.58M (965%) from $164k to $1.74M.

Trade In December 2021, the top exports of Ecuador to Nicaragua were Raw Tobacco ($2.61M), Iron Stovetops ($170k), Confectionery Sugar ($119k), Plastic Lids ($99.4k), and Cut Flowers ($92.7k). In December 2021 the top imports of Ecuador from Nicaragua were Scrap Iron ($370k), Starches ($13.3k), Non-Knit Men's Suits ($7.3k), Recovered Paper ($6.15k), and Knit Men's Suits ($2.53k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($2.95M), Quito ($33.3k), and Guayaquil-Aéreo ($18.5k), while imports destinations were mainly Guayaquil-Marítimo ($1.7M), Manta ($22.2k), Quito ($20.5k), and Guayaquil-Aéreo ($144).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Raw Tobacco ($-238k or -8.36%), Cut Flowers ($-233k or -71.6%), and Raw Plastic Sheeting ($-1.14k or -77.4%). In December 2021, the increase in Ecuador's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Scrap Iron ($258k or 231%).