Sign In
Pricing

2022
Exports $40.7MWorld Rnk 87 / 217
Flag Rnk 44 / 1017
2022
Destination $3.49M Colombia
2021 - 2022
FASTEST GROWING MARKET $3.49MColombia
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $654MWorld Rnk 63 / 224
Flag Rnk 7 / 1175
2022
Origin $26.4M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $26.4MChile
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $40.7M in Packaged Medicaments, making it the 87th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 44th most exported product in Ecuador. The main destination of Packaged Medicaments exports from Ecuador are: Colombia ($8.17M), Panama ($6.95M), Chile ($6.54M), Peru ($3.9M), and Guatemala ($3.36M).

The fastest growing export markets for Packaged Medicaments of Ecuador between 2021 and 2022 were Colombia ($3.49M), Guatemala ($2.52M), and Chile ($1.58M).

Imports In 2022, Ecuador imported $654M in Packaged Medicaments, becoming the 63rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in Ecuador. Ecuador imports Packaged Medicaments primarily from: Colombia ($106M), Chile ($60.6M), Mexico ($60.2M), Germany ($53.9M), and India ($48.4M).

The fastest growing import markets in Packaged Medicaments for Ecuador between 2021 and 2022 were Chile ($26.4M), India ($8.83M), and Colombia ($7.26M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Packaged Medicaments exports accounted up to $1.56M and imports accounted up to $66.2M, resulting in a negative trade balance of $64.7M. Between December 2020 and December 2021 the exports of Ecuador's   Packaged Medicaments have increased by $324k (26.2%) from $1.24M to $1.56M, while imports increased by $10.5M (18.8%) from $55.7M to $66.2M.

Destinations In December 2021, Packaged Medicaments were exported mostly to Chile ($490k), United States ($223k), Bolivia ($164k), Trinidad and Tobago ($143k), and Panama ($136k), and were imported mostly from Colombia ($9.09M), Spain ($7.75M), Argentina ($6.62M), Mexico ($5.33M), and India ($4.83M).

Growth In December 2021, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Peru ($398k or 249%), Panama ($194k or 40.8%), and Colombia ($49.1k or 30.8%). In December 2021, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Uruguay ($2.37M or 129%), Mexico ($2.32M or 66.1%), and Costa Rica ($1.56M or 370%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$324k(26.2%)
IMPORT GROWTH (December 2020 - December 2021)$10.5M(18.8%)
MAIN DESTINATION (December 2021)Chile$490k

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$40.7M
IMPORTS (2022)$654M
NET TRADE (2022)-$614M

In 2022, Ecuador exported $40.7M in Packaged Medicaments. The main destinations of Ecuador exports on Packaged Medicaments were Colombia ($8.17M), Panama ($6.95M), Chile ($6.54M), Peru ($3.9M), and Guatemala ($3.36M).

In 2022, Ecuador imported $654M in Packaged Medicaments, mainly from Colombia ($106M), Chile ($60.6M), Mexico ($60.2M), Germany ($53.9M), and India ($48.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$3.49M (74.5%)
Guatemala$2.52M (300%)
Chile$1.58M (31.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Ecuador WERE (2021 - 2022):
United States-$483k (-78.1%)
Honduras-$261k (-72.8%)
Mexico-$172k (-14.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, Ecuador's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $5.6M
TOP IMPORT POTENTIALGermany+ $29.7M

Packaged Medicaments’s highest export potential is Colombia. With an export gap of $5.6M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $29.7M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms