2022
Exports | Imports
$40.7M | $654MWorld Rnk 87 / 217
Flag Rnk 44 / 1017
World Rnk 63 / 224
Flag Rnk 7 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 102 / 124
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.73Rnk 276 / 1025

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).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Packaged Medicaments from Ecuador to the United States.

Latest Trends

December 2021

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.

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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%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Packaged Medicaments were:
In 2022, Ecuador's main importing competitors in Packaged Medicaments were:

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

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