Refined Petroleum in Ecuador | The Observatory of Economic Complexity

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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: United States ($3.26B), South Korea ($461M), Italy ($208M), China ($179M), and Canada ($127M).

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 COMPANY (4.99k) were at the forefront of shipping Refined Petroleum from Ecuador to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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

Trade Value

Growth

Growth (%)

Year

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).

In 2022, Ecuador imported $4.81B in Refined Petroleum, mainly from United States ($3.26B), South Korea ($461M), Italy ($208M), China ($179M), and Canada ($127M).

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