Rubber in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $639k in Rubber, making it the 71st largest exporter of Rubber in the world. At the same year, Rubber was the 321st most exported product in Ecuador. The main destination of Rubber exports from Ecuador are: Peru ($492k), Bolivia ($50.4k), Chile ($43.3k), Colombia ($39.7k), and Italy ($4.11k).

The fastest growing export markets for Rubber of Ecuador between 2021 and 2022 were Bolivia ($30k) and Italy ($4.11k).

Imports In 2022, Ecuador imported $11.2M in Rubber, becoming the 51st largest importer of Rubber in the world. At the same year, Rubber was the 349th most imported product in Ecuador. Ecuador imports Rubber primarily from: Guatemala ($5.54M), Indonesia ($3.97M), Colombia ($893k), Thailand ($441k), and Malaysia ($124k).

The fastest growing import markets in Rubber for Ecuador between 2021 and 2022 were Colombia ($735k), Thailand ($269k), and Indonesia ($129k).

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

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Rubber exports accounted up to $112k and imports accounted up to $1.69M, resulting in a negative trade balance of $1.58M. Between December 2020 and December 2021 the exports of Ecuador's Rubber have increased by $94.9k (558%) from $17k to $112k, while imports increased by $1.43M (545%) from $262k to $1.69M.

Destinations In December 2021, Rubber were exported mostly to Peru ($77.5k) and Colombia ($34.4k), and were imported mostly from Guatemala ($821k), Indonesia ($773k), Colombia ($70.8k), China ($15.1k), and United States ($9.45k).

Growth In December 2021, the increase in Rubber's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from Guatemala ($401k or 718%) and United States ($726 or 26.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$94.9k(558%)

IMPORT GROWTH (December 2020 - December 2021)$1.43M(545%)

MAIN DESTINATION (December 2021)Peru$77.5k

This section shows Rubber'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 Rubber over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$639k

IMPORTS (2022)$11.2M

NET TRADE (2022)-$10.6M

In 2022, Ecuador exported $639k in Rubber. The main destinations of Ecuador exports on Rubber were Peru ($492k), Bolivia ($50.4k), Chile ($43.3k), Colombia ($39.7k), and Italy ($4.11k).

In 2022, Ecuador imported $11.2M in Rubber, mainly from Guatemala ($5.54M), Indonesia ($3.97M), Colombia ($893k), Thailand ($441k), and Malaysia ($124k).

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