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2022
Exports $245kWorld Rnk 97 / 167
Flag Rnk 446 / 1017
2022
Destination $95.1k Peru
2021 - 2022
FASTEST GROWING MARKET $95.1kPeru
2022
PRODUCT COMPLEXITY IN Carbonates-0.61Rnk 730 / 1025
2022
Imports $36.3MWorld Rnk 51 / 216
Flag Rnk 152 / 1175
2022
Origin $5.59M United States
2021 - 2022
FASTEST GROWING ORIGIN $5.59MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $245k in Carbonates, making it the 97th largest exporter of Carbonates in the world. At the same year, Carbonates was the 446th most exported product in Ecuador. The main destination of Carbonates exports from Ecuador are: Peru ($199k), Belgium ($31.5k), El Salvador ($11.4k), Netherlands ($1.86k), and Colombia ($722).

The fastest growing export markets for Carbonates of Ecuador between 2021 and 2022 were Peru ($95.1k), Belgium ($31.5k), and El Salvador ($11.4k).

Imports In 2022, Ecuador imported $36.3M in Carbonates, becoming the 51st largest importer of Carbonates in the world. At the same year, Carbonates was the 152nd most imported product in Ecuador. Ecuador imports Carbonates primarily from: United States ($11.3M), China ($7.17M), Germany ($4.62M), India ($2.24M), and Vietnam ($2.05M).

The fastest growing import markets in Carbonates for Ecuador between 2021 and 2022 were China ($5.59M), United States ($4.72M), and Germany ($3.29M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Carbonates exports accounted up to $22.9k and imports accounted up to $2.3M, resulting in a negative trade balance of $2.28M. Between October 2020 and December 2021 the exports of Ecuador's   Carbonates have decreased by $-16.6k (-42%) from $39.6k to $22.9k, while imports increased by $91.3k (4.13%) from $2.21M to $2.3M.

Destinations In December 2021, Carbonates were exported mostly to Peru ($22.9k) and Panama ($0.35), and were imported mostly from United States ($1.12M), India ($425k), Colombia ($182k), Germany ($125k), and Russia ($96.1k).

Growth In December 2021, the decrease in Carbonates's year-by-year exports was explained primarily by a decrease in exports to Peru ($-11.7k or -75.1%). In December 2021, the increase in Carbonates's year-by-year imports was explained primarily by an increase in imports from Russia ($72.4k or 530%), Turkey ($33k or 23.5%), and India ($25.8k or 17.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - December 2021)$-16.6k(-42%)
IMPORT GROWTH (December 2020 - December 2021)$91.3k(4.13%)
MAIN DESTINATION (December 2021)Peru$22.9k

This section shows Carbonates'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 Carbonates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$245k
IMPORTS (2022)$36.3M
NET TRADE (2022)-$36.1M

In 2022, Ecuador exported $245k in Carbonates. The main destinations of Ecuador exports on Carbonates were Peru ($199k), Belgium ($31.5k), El Salvador ($11.4k), Netherlands ($1.86k), and Colombia ($722).

In 2022, Ecuador imported $36.3M in Carbonates, mainly from United States ($11.3M), China ($7.17M), Germany ($4.62M), India ($2.24M), and Vietnam ($2.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carbonates EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$95.1k (91.9%)
Belgium$31.5k (1%)
El Salvador$11.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carbonates BY Ecuador WERE (2021 - 2022):
Guatemala-$36.6k (-100%)
Dominican Republic-$7.1k (-100%)
Kazakhstan-$632 (-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 Carbonates were:
Chile $7.72B
China $2.25B
United States $2.11B
In 2022, Ecuador's main importing competitors in Carbonates were:
China $6.3B
South Korea $1.69B
Japan $1.27B

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Trade Value of Carbonates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $23.2k
TOP IMPORT POTENTIALChina+ $1.3M

Carbonates’s highest export potential is Peru. With an export gap of $23.2k.   Carbonates’s highest import potential is China with an import gap of $1.3M.

See methodology.

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