HS Icon Refined Petroleum in  Flag Ecuador

2019
Exports | Imports
: $947M | $2.97B, World Rnk 56 / 214
Flag Rnk 5 / 942 | World Rnk 54 / 225
Flag Rnk 1 / 1165

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $139M | $144M, United States |  Panama

2019
ECONOMIC COMPLEXITY of Ecuador
: -0.7, Rnk 109 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports In 2019, Ecuador exported $947M in Refined Petroleum, making it the 56th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Ecuador. The main destination of Refined Petroleum exports from Ecuador are: Panama ($388M), United States ($201M), Nicaragua ($116M), El Salvador ($94.5M), and Honduras ($62.2M).

The fastest growing export markets for Refined Petroleum of Ecuador between 2018 and 2019 were United States ($139M), Nicaragua ($107M), and El Salvador ($24.9M).

Imports In 2019, Ecuador imported $2.97B in Refined Petroleum, becoming the 54th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Ecuador. Ecuador imports Refined Petroleum primarily from: United States ($1.47B), Panama ($632M), Russia ($242M), China ($172M), and Japan ($105M).

The fastest growing import markets in Refined Petroleum for Ecuador between 2018 and 2019 were Panama ($144M), China ($120M), and Japan ($95.7M).

Tariffs In 2018, the average tariff for Ecuador in Refined Petroleum was 2.48%. The countries with the highest import tariffs for Refined Petroleum were Chile (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.8%), Mexico (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.69%), Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.31%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.31%), and Cyprus (Preferential tariff for European Union countries (AA) Association Agreement, 3.02%).

Historical Data

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EXPORTS (2019): $947M

IMPORTS (2019): $2.97B

NET TRADE (2019): -$2.02B

In 2019, Ecuador exported $947M in Refined Petroleum. The main destinations of Ecuador exports on Refined Petroleum were Panama ($388M), United States ($201M), Nicaragua ($116M), El Salvador ($94.5M), and Honduras ($62.2M).

In 2019, Ecuador imported $2.97B in Refined Petroleum, mainly from United States ($1.47B), Panama ($632M), Russia ($242M), China ($172M), and Japan ($105M).

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IN 2019, Ecuador HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Ecuador HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Ecuador WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Ecuador WERE (2018 - 2019):

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Market Concentration

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In 2019, Ecuador's main exporting competitors in Refined Petroleum were:

In 2019, Ecuador's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2018, the average tariff for Ecuador in Refined Petroleum was 2.48%.

The countries with the highest tariffs for Refined Petroleum in Ecuador were Chile (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.8%), Mexico (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.69%), Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.31%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 8.31%), and Cyprus (Preferential tariff for European Union countries (AA) Association Agreement, 3.02%).