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2022
Exports $11.2MWorld Rnk 102 / 175
Flag Rnk 52 / 95
2022
Destination $2.92M Peru
2021 - 2022
FASTEST GROWING MARKET $2.92MPeru
2022
PRODUCT COMPLEXITY IN Fertilizers-0.82Rnk 785 / 1025
2022
Imports $554MWorld Rnk 48 / 223
Flag Rnk 14 / 96
2022
Origin $43M Russia
2021 - 2022
FASTEST GROWING ORIGIN $43MRussia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $11.2M in Fertilizers, making it the 102nd largest exporter of Fertilizers in the world. At the same year, Fertilizers was the 52nd most exported product in Ecuador. The main destination of Fertilizers exports from Ecuador are: Peru ($4.93M), Dominican Republic ($2.16M), Colombia ($1.46M), Honduras ($909k), and Nicaragua ($732k).

The fastest growing export markets for Fertilizers of Ecuador between 2021 and 2022 were Peru ($2.92M), Dominican Republic ($1.37M), and Honduras ($562k).

Imports In 2022, Ecuador imported $554M in Fertilizers, becoming the 48th largest importer of Fertilizers in the world. At the same year, Fertilizers was the 14th most imported product in Ecuador. Ecuador imports Fertilizers primarily from: Russia ($170M), United States ($75.2M), China ($66.2M), Chile ($55.5M), and Germany ($22.3M).

The fastest growing import markets in Fertilizers for Ecuador between 2021 and 2022 were Russia ($43M), United States ($41.5M), and Chile ($33.6M).

COMPANIES In 2021, leading companies such as Goya Foods (39), One Banana (20), and Amazon Produce Network (19) were at the forefront of shipping Fertilizers from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Fertilizers exports accounted up to $297k and imports accounted up to $51.3M, resulting in a negative trade balance of $51M. Between December 2020 and December 2021 the exports of Ecuador's   Fertilizers have increased by $12k (4.2%) from $285k to $297k, while imports increased by $14.4M (39.1%) from $36.9M to $51.3M.

Destinations In December 2021, Fertilizers were exported mostly to Nicaragua ($136k), Peru ($99.5k), Dominican Republic ($41.5k), Colombia ($19.2k), and Thailand ($526), and were imported mostly from Russia ($20.1M), China ($11M), Finland ($4.15M), Canada ($4M), and Germany ($1.97M).

Growth In December 2021, the increase in Fertilizers's year-by-year exports was explained primarily by an increase in exports to Peru ($51.4k or 40.2%) and Colombia ($6.95k or 30.4%). In December 2021, the increase in Fertilizers's year-by-year imports was explained primarily by an increase in imports from United States ($2.76M or 278%), Russia ($2.18M or 23.7%), and China ($1.77M or 69.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$12k(4.2%)
IMPORT GROWTH (December 2020 - December 2021)$14.4M(39.1%)
MAIN DESTINATION (December 2021)Nicaragua$136k

This section shows Fertilizers'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 Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.2M
IMPORTS (2022)$554M
NET TRADE (2022)-$543M

In 2022, Ecuador exported $11.2M in Fertilizers. The main destinations of Ecuador exports on Fertilizers were Peru ($4.93M), Dominican Republic ($2.16M), Colombia ($1.46M), Honduras ($909k), and Nicaragua ($732k).

In 2022, Ecuador imported $554M in Fertilizers, mainly from Russia ($170M), United States ($75.2M), China ($66.2M), Chile ($55.5M), and Germany ($22.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fertilizers EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$2.92M (145%)
Dominican Republic$1.37M (175%)
Honduras$562k (162%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fertilizers BY Ecuador WERE (2021 - 2022):
Bolivia-$440k (-78.8%)
Chile-$395k (-59.7%)
Malaysia-$127k (-88.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Fertilizers were:
Russia $18.7B
Canada $14.5B
China $12.7B
In 2022, Ecuador's main importing competitors in Fertilizers were:
Brazil $22.5B
India $17B
United States $13.3B

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Trade Value of Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $1.19M
TOP IMPORT POTENTIALCanada+ $6.03M

Fertilizers’s highest export potential is Peru. With an export gap of $1.19M.   Fertilizers’s highest import potential is Canada with an import gap of $6.03M.

See methodology.

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