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2023
Exports $455kWorld Rnk 117 / 149
Flag Rnk 341 / 1002
2023
Destination $23.8k Chile
2022 - 2023
FASTEST GROWING MARKET $23.8kNetherlands
2023
PRODUCT COMPLEXITY IN Nitrogenous Fertilizers-1.31Rnk 901 / 1025
2023
Imports $214MWorld Rnk 40 / 209
Flag Rnk 23 / 1173
2023
Origin $8.65M Russia
2022 - 2023
FASTEST GROWING ORIGIN $8.65MMalaysia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $455k in Nitrogenous Fertilizers, making it the 117th largest exporter of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 341st most exported product in Ecuador. The main destination of Nitrogenous Fertilizers exports from Ecuador are: Chile ($124k), Peru ($98.3k), Colombia ($80.7k), Bolivia ($74.1k), and Netherlands ($23.8k).

The fastest growing export markets for Nitrogenous Fertilizers of Ecuador between 2022 and 2023 were Netherlands ($23.8k), Croatia ($20k), and Belgium ($11.8k).

Imports In 2023, Ecuador imported $214M in Nitrogenous Fertilizers, becoming the 40th largest importer of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 23rd most imported product in Ecuador. Ecuador imports Nitrogenous Fertilizers primarily from: Russia ($110M), China ($30.7M), Italy ($18.3M), Malaysia ($8.65M), and Indonesia ($8.16M).

The fastest growing import markets in Nitrogenous Fertilizers for Ecuador between 2022 and 2023 were Malaysia ($8.65M), Indonesia ($8.16M), and Nigeria ($2.78M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Nitrogenous Fertilizers exports accounted up to $30.7k and imports accounted up to $27.8M, resulting in a negative trade balance of $27.7M. Between December 2020 and December 2021 the exports of Ecuador's   Nitrogenous Fertilizers have increased by $4.39k (16.7%) from $26.3k to $30.7k, while imports increased by $6.5M (30.6%) from $21.3M to $27.8M.

Destinations In December 2021, Nitrogenous Fertilizers were exported mostly to Peru ($30.7k), and were imported mostly from Russia ($11.7M), China ($10.4M), Finland ($4.15M), Italy ($531k), and Chile ($357k).

Growth In December 2021, the increase in Nitrogenous Fertilizers's year-by-year exports was explained primarily by an increase in exports to Peru ($32.6k or 435%). In December 2021, the increase in Nitrogenous Fertilizers's year-by-year imports was explained primarily by an increase in imports from China ($718k or 35.3%), Russia ($572k or 7.6%), and Peru ($28.7k or 301%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$4.39k(16.7%)
IMPORT GROWTH (December 2020 - December 2021)$6.5M(30.6%)
MAIN DESTINATION (December 2021)Peru$30.7k

This section shows Nitrogenous 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 Nitrogenous Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$455k
IMPORTS (2023)$214M
NET TRADE (2023)-$214M

In 2023, Ecuador exported $455k in Nitrogenous Fertilizers. The main destinations of Ecuador exports on Nitrogenous Fertilizers were Chile ($124k), Peru ($98.3k), Colombia ($80.7k), Bolivia ($74.1k), and Netherlands ($23.8k).

In 2023, Ecuador imported $214M in Nitrogenous Fertilizers, mainly from Russia ($110M), China ($30.7M), Italy ($18.3M), Malaysia ($8.65M), and Indonesia ($8.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitrogenous Fertilizers EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Netherlands$23.8k (1%)
Croatia$20k (1%)
Belgium$11.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrogenous Fertilizers BY Ecuador WERE (2022 - 2023):
Peru-$1.75M (-94.7%)
Colombia-$396k (-83.1%)
Dominican Republic-$85.4k (-87.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Nitrogenous Fertilizers were:
Russia $5.34B
China $5.05B
Oman $2.61B
In 2023, Ecuador's main importing competitors in Nitrogenous Fertilizers were:
Brazil $4.35B
India $3.85B
United States $3.67B

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Trade Value of Nitrogenous Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $760k
TOP IMPORT POTENTIALUnited States+ $3.42M

Nitrogenous Fertilizers’s highest export potential is Peru. With an export gap of $760k.   Nitrogenous Fertilizers’s highest import potential is United States with an import gap of $3.42M.

See methodology.

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