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2022
Exports $41MWorld Rnk 75 / 220
Flag Rnk 43 / 1017
2022
Destination $4.59M United States
2021 - 2022
FASTEST GROWING MARKET $4.59MColombia
2022
PRODUCT COMPLEXITY IN Plastic Lids-0.17Rnk 606 / 1025
2022
Imports $100MWorld Rnk 77 / 225
Flag Rnk 51 / 1175
2022
Origin $6.91M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $6.91MColombia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $41M in Plastic Lids, making it the 75th largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 43rd most exported product in Ecuador. The main destination of Plastic Lids exports from Ecuador are: United States ($14.8M), Colombia ($11M), Peru ($7.27M), Panama ($1.64M), and El Salvador ($1.21M).

The fastest growing export markets for Plastic Lids of Ecuador between 2021 and 2022 were Colombia ($4.59M), United States ($2.96M), and Peru ($1.32M).

Imports In 2022, Ecuador imported $100M in Plastic Lids, becoming the 77th largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 51st most imported product in Ecuador. Ecuador imports Plastic Lids primarily from: Colombia ($31.1M), China ($17.5M), Peru ($10.8M), South Korea ($9.89M), and Mexico ($6.06M).

The fastest growing import markets in Plastic Lids for Ecuador between 2021 and 2022 were Colombia ($6.91M), China ($5.73M), and South Korea ($4M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Plastic Lids exports accounted up to $2.81M and imports accounted up to $6.95M, resulting in a negative trade balance of $4.14M. Between December 2020 and December 2021 the exports of Ecuador's   Plastic Lids have increased by $454k (19.2%) from $2.36M to $2.81M, while imports increased by $1.73M (33.1%) from $5.22M to $6.95M.

Destinations In December 2021, Plastic Lids were exported mostly to United States ($1.03M), Colombia ($628k), Peru ($449k), Dominican Republic ($173k), and Chile ($107k), and were imported mostly from Colombia ($2.79M), China ($1.06M), Peru ($661k), Mexico ($650k), and Brazil ($333k).

Growth In December 2021, the increase in Plastic Lids's year-by-year exports was explained primarily by an increase in exports to Peru ($488k or 405%), Guatemala ($88.6k or 502%), and Nicaragua ($60.9k or 158%). In December 2021, the increase in Plastic Lids's year-by-year imports was explained primarily by an increase in imports from Mexico ($228k or 57.1%), South Korea ($103k or 280%), and United States ($53.8k or 18%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$454k(19.2%)
IMPORT GROWTH (December 2020 - December 2021)$1.73M(33.1%)
MAIN DESTINATION (December 2021)United States$1.03M

This section shows Plastic Lids'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 Plastic Lids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41M
IMPORTS (2022)$100M
NET TRADE (2022)-$59.5M

In 2022, Ecuador exported $41M in Plastic Lids. The main destinations of Ecuador exports on Plastic Lids were United States ($14.8M), Colombia ($11M), Peru ($7.27M), Panama ($1.64M), and El Salvador ($1.21M).

In 2022, Ecuador imported $100M in Plastic Lids, mainly from Colombia ($31.1M), China ($17.5M), Peru ($10.8M), South Korea ($9.89M), and Mexico ($6.06M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Lids EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$4.59M (72%)
United States$2.96M (24.9%)
Peru$1.32M (22.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Lids BY Ecuador WERE (2021 - 2022):
Dominican Republic-$1.23M (-83.5%)
Panama-$1.16M (-41.4%)
Brazil-$789k (-62.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Plastic Lids were:
China $13.9B
United States $6.79B
Germany $5.78B
In 2022, Ecuador's main importing competitors in Plastic Lids were:
United States $11.2B
Germany $5.01B
France $3.52B

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Trade Value of Plastic Lids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.4M
TOP IMPORT POTENTIALChina+ $8.93M

Plastic Lids’s highest export potential is United States. With an export gap of $11.4M.   Plastic Lids’s highest import potential is China with an import gap of $8.93M.

See methodology.

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