Crude Petroleum in Ecuador

EXPORTS (2018): $7.97B, World Rnk 25 / 120
Flag Rnk 1 / 857

TOP DESTINATION (2018): $4.02B, United States

FASTEST GROWING MARKET (2017 - 2018): $1.3B, Peru

IMPORTS (2018): $217M, World Rnk 69 / 148
Flag Rnk 15 / 1149

TOP ORIGIN (2018): $217M, Colombia

FASTEST GROWING ORIGIN (2017 - 2018): $190M, Colombia

ECONOMIC COMPLEXITY of Ecuador (2018): -0.7, Rnk 102 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in Ecuador.

Exports: In 2018, Ecuador exported $7.97B in Crude Petroleum, making it the 25th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Ecuador. The main destination of Crude Petroleum exports from Ecuador are: United States ($4.02B), Peru ($1.3B), Chile ($1.17B), Panama ($518M), and China ($482M).

The fastest growing export markets for Crude Petroleum of Ecuador between 2017 and 2018 were Peru ($1.3B), United States ($480M), and Panama ($236M).

Imports: In 2018, Ecuador imported $217M in Crude Petroleum, becoming the 69th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 15th most imported product in Ecuador. Ecuador imports Crude Petroleum primarily from: Colombia ($217M) and United States ($3.99k).

The fastest growing import markets in Crude Petroleum for Ecuador between 2017 and 2018 were Colombia ($190M) and United States ($3.99k).

Tariffs: In 2018, the average tariff for Ecuador in Crude Petroleum was 9.31%. The countries with the highest import tariffs for Crude Petroleum were Angola (10%), Burundi (10%), Benin (10%), Burkina Faso (10%), and Botswana (10%).

Value

EXPORTS (2018): $7.97B

IMPORTS (2018): $217M

NET TRADE (2018): $7.75B

In 2018, Ecuador exported $7.97B in Crude Petroleum. The main destinations of Ecuador exports on Crude Petroleum were United States ($4.02B), Peru ($1.3B), Chile ($1.17B), Panama ($518M), and China ($482M).

In 2018, Ecuador imported $217M in Crude Petroleum, mainly from Colombia ($217M) and United States ($3.99k).

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IN 2018, Ecuador HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • United States, $4.02B ($4.02B - $3.99k)
  • Peru, $1.3B ($1.3B - $0)
  • Chile, $1.17B ($1.17B - $0)

IN 2018, Ecuador HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:: Colombia, -$217M ($2.96k - $217M)

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Ecuador WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Ecuador WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Ecuador's main exporting competitors in Crude Petroleum were:

In 2018, Ecuador's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in Ecuador. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Ecuador in Crude Petroleum was 9.31%.

The countries with the highest tariffs for Crude Petroleum in Ecuador were Angola (10%), Burundi (10%), Benin (10%), Burkina Faso (10%), and Botswana (10%).

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