2022
Exports
$1.67BWorld Rnk 53 / 214
Flag Rnk 4 / 1017
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$4.81BWorld Rnk 57 / 225
Flag Rnk 1 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.67B in Refined Petroleum, making it the 53rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Ecuador. The main destination of Refined Petroleum exports from Ecuador are: Panama ($877M), United States ($579M), Curaçao ($62.4M), Aruba ($43.1M), and Peru ($35.9M).

The fastest growing export markets for Refined Petroleum of Ecuador between 2021 and 2022 were Panama ($229M), Curaçao ($62.4M), and Aruba ($33.3M).

Imports In 2022, Ecuador imported $4.81B in Refined Petroleum, becoming the 57th 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: N/A.

The fastest growing import markets in Refined Petroleum for Ecuador between 2021 and 2022 were United States ($1.98B), Italy ($184M), and South Korea ($102M).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (1.25k) were at the forefront of shipping Refined Petroleum from Ecuador to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.67B
IMPORTS (2022)$4.81B
NET TRADE (2022)-$3.14B

In 2022, Ecuador exported $1.67B in Refined Petroleum. The main destinations of Ecuador exports on Refined Petroleum were Panama ($877M), United States ($579M), Curaçao ($62.4M), Aruba ($43.1M), and Peru ($35.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Panama$229M (35.4%)
Curaçao$62.4M (1%)
Aruba$33.3M (340%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Ecuador WERE (2021 - 2022):
Singapore-$47.2M (-99.3%)
El Salvador-$28.6M (-77.2%)
China-$3.21M (-58.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ecuador's main exporting competitors in Refined Petroleum were:
In 2022, Ecuador's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $401M
TOP IMPORT POTENTIALChina+ $99.6M

Refined Petroleum’s highest export potential is United States. With an export gap of $401M.   Refined Petroleum’s highest import potential is China with an import gap of $99.6M.

See methodology.

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