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2022
Exports $183kWorld Rnk 70 / 153
Flag Rnk 477 / 1017
2022
Destination $12.5k El Salvador
2021 - 2022
FASTEST GROWING MARKET $12.5kPeru
2022
PRODUCT COMPLEXITY IN Laboratory Reagents1.53Rnk 45 / 1025
2022
Imports $45MWorld Rnk 10 / 180
Flag Rnk 121 / 1175
2022
Origin $1.31M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.31MJapan
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $183k in Laboratory Reagents, making it the 70th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 477th most exported product in Ecuador. The main destination of Laboratory Reagents exports from Ecuador are: El Salvador ($89.5k), Peru ($55.9k), Colombia ($21.1k), Paraguay ($15.4k), and Honduras ($519).

The fastest growing export markets for Laboratory Reagents of Ecuador between 2021 and 2022 were Peru ($12.5k), Paraguay ($5.71k), and Bahamas ($193).

Imports In 2022, Ecuador imported $45M in Laboratory Reagents, becoming the 10th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 121st most imported product in Ecuador. Ecuador imports Laboratory Reagents primarily from: United States ($18.2M), Germany ($7.66M), Japan ($3.74M), China ($2.12M), and Spain ($1.61M).

The fastest growing import markets in Laboratory Reagents for Ecuador between 2021 and 2022 were Japan ($1.31M), Switzerland ($808k), and Sweden ($773k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Laboratory Reagents exports accounted up to $31.3k and imports accounted up to $3.43M, resulting in a negative trade balance of $3.4M. Between December 2020 and December 2021 the exports of Ecuador's   Laboratory Reagents have decreased by $-56.8k (-64.5%) from $88.1k to $31.3k, while imports decreased by $-417k (-10.9%) from $3.85M to $3.43M.

Destinations In December 2021, Laboratory Reagents were exported mostly to Peru ($20.3k) and El Salvador ($11k), and were imported mostly from United States ($1.3M), Germany ($570k), Switzerland ($351k), United Kingdom ($270k), and China ($244k).

Growth In December 2021, the decrease in Laboratory Reagents's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Laboratory Reagents's year-by-year imports was explained primarily by a decrease in imports from Japan ($-58.8k or -43.4%), Denmark ($-57.7k or -88.5%), and Netherlands ($-35.3k or -92%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-56.8k(-64.5%)
IMPORT GROWTH (December 2020 - December 2021)$-417k(-10.9%)
MAIN DESTINATION (December 2021)Peru$20.3k

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$183k
IMPORTS (2022)$45M
NET TRADE (2022)-$44.8M

In 2022, Ecuador exported $183k in Laboratory Reagents. The main destinations of Ecuador exports on Laboratory Reagents were El Salvador ($89.5k), Peru ($55.9k), Colombia ($21.1k), Paraguay ($15.4k), and Honduras ($519).

In 2022, Ecuador imported $45M in Laboratory Reagents, mainly from United States ($18.2M), Germany ($7.66M), Japan ($3.74M), China ($2.12M), and Spain ($1.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$12.5k (28.9%)
Paraguay$5.71k (59.1%)
Bahamas$193 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Ecuador WERE (2021 - 2022):
Colombia-$249k (-92.2%)
Guatemala-$134k (-100%)
Chile-$58.8k (-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 Laboratory Reagents were:
United States $521M
Chinese Taipei $423M
Germany $163M
In 2022, Ecuador's main importing competitors in Laboratory Reagents were:
Chinese Taipei $427M
Philippines $176M
Argentina $174M

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $74.5k
TOP IMPORT POTENTIALChina+ $6.53M

Laboratory Reagents’s highest export potential is United Kingdom. With an export gap of $74.5k.   Laboratory Reagents’s highest import potential is China with an import gap of $6.53M.

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