Refined Petroleum in Ecuador

EXPORTS (2018): $947M, World Rnk 61 / 198
Flag Rnk 5 / 857

TOP DESTINATION (2018): $676M, Panama

FASTEST GROWING MARKET (2017 - 2018): $82.3M, Panama

IMPORTS (2018): $2.89B, World Rnk 54 / 221
Flag Rnk 1 / 1149

TOP ORIGIN (2018): $1.85B, United States

FASTEST GROWING ORIGIN (2017 - 2018): $667M, United States

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

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

Exports: In 2018, Ecuador exported $947M in Refined Petroleum, making it the 61st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Ecuador. The main destination of Refined Petroleum exports from Ecuador are: Panama ($676M), El Salvador ($69.6M), United States ($61.8M), Honduras ($57.7M), and Mexico ($30.8M).

The fastest growing export markets for Refined Petroleum of Ecuador between 2017 and 2018 were Panama ($82.3M), El Salvador ($42.6M), and United States ($36.6M).

Imports: In 2018, Ecuador imported $2.89B in Refined Petroleum, becoming the 54th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Ecuador. Ecuador imports Refined Petroleum primarily from: United States ($1.85B), Panama ($494M), Netherlands ($172M), Russia ($146M), and China ($50.5M).

The fastest growing import markets in Refined Petroleum for Ecuador between 2017 and 2018 were United States ($667M), Netherlands ($149M), and Russia ($138M).

Tariffs: In 2018, the average tariff for Ecuador in Refined Petroleum was 2.48%. The countries with the highest import tariffs for Refined Petroleum were Chile (8.8%), Mexico (8.69%), Cuba (8.31%), Panama (8.31%), and Cyprus (3.02%).

Value

EXPORTS (2018): $947M

IMPORTS (2018): $2.89B

NET TRADE (2018): -$1.95B

In 2018, Ecuador exported $947M in Refined Petroleum. The main destinations of Ecuador exports on Refined Petroleum were Panama ($676M), El Salvador ($69.6M), United States ($61.8M), Honduras ($57.7M), and Mexico ($30.8M).

In 2018, Ecuador imported $2.89B in Refined Petroleum, mainly from United States ($1.85B), Panama ($494M), Netherlands ($172M), Russia ($146M), and China ($50.5M).

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

  • Panama, $182M ($676M - $494M)
  • El Salvador, $69.1M ($69.6M - $502k)
  • Honduras, $57.7M ($57.7M - $0)

IN 2018, Ecuador HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • United States, -$1.79B ($61.8M - $1.85B)
  • Netherlands, -$172M ($0 - $172M)
  • Russia, -$146M ($0 - $146M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined 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 Refined Petroleum were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined 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 Refined Petroleum was 2.48%.

The countries with the highest tariffs for Refined Petroleum in Ecuador were Chile (8.8%), Mexico (8.69%), Cuba (8.31%), Panama (8.31%), and Cyprus (3.02%).

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