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2022
Exports $402kWorld Rnk 91 / 199
Flag Rnk 380 / 1017
2022
Destination $287k Colombia
2021 - 2022
FASTEST GROWING MARKET $287kColombia
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $37.7MWorld Rnk 55 / 220
Flag Rnk 143 / 1175
2022
Origin $2.62M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $2.62MBrazil
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $402k in Special Pharmaceuticals, making it the 91st largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 380th most exported product in Ecuador. The main destination of Special Pharmaceuticals exports from Ecuador are: Colombia ($304k), United States ($39.2k), Guatemala ($25.6k), Australia ($16.5k), and Bolivia ($11.3k).

The fastest growing export markets for Special Pharmaceuticals of Ecuador between 2021 and 2022 were Colombia ($287k), United States ($17.8k), and Bolivia ($11.3k).

Imports In 2022, Ecuador imported $37.7M in Special Pharmaceuticals, becoming the 55th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 143rd most imported product in Ecuador. Ecuador imports Special Pharmaceuticals primarily from: Brazil ($6.86M), United States ($4.98M), Mexico ($4.52M), Peru ($3.1M), and China ($2.52M).

The fastest growing import markets in Special Pharmaceuticals for Ecuador between 2021 and 2022 were Brazil ($2.62M), China ($1.65M), and Belgium ($1.15M).

COMPANIES In 2021, leading companies such as One Banana (41) were at the forefront of shipping Special Pharmaceuticals from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Special Pharmaceuticals exports accounted up to $14.6k and imports accounted up to $3.46M, resulting in a negative trade balance of $3.45M. Between March 2020 and December 2021 the exports of Ecuador's   Special Pharmaceuticals have decreased by $-3.75k (-20.4%) from $18.3k to $14.6k, while imports increased by $741k (27.2%) from $2.72M to $3.46M.

Destinations In December 2021, Special Pharmaceuticals were exported mostly to Peru ($14.6k), and were imported mostly from United States ($788k), Brazil ($439k), Mexico ($368k), Sweden ($302k), and Germany ($245k).

Growth In December 2021, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Mexico ($661k or 672%), Netherlands ($20.7k or 117%), and South Korea ($6.39k or 63.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2020 - December 2021)$-3.75k(-20.4%)
IMPORT GROWTH (December 2020 - December 2021)$741k(27.2%)
MAIN DESTINATION (December 2021)Peru$14.6k

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$402k
IMPORTS (2022)$37.7M
NET TRADE (2022)-$37.3M

In 2022, Ecuador exported $402k in Special Pharmaceuticals. The main destinations of Ecuador exports on Special Pharmaceuticals were Colombia ($304k), United States ($39.2k), Guatemala ($25.6k), Australia ($16.5k), and Bolivia ($11.3k).

In 2022, Ecuador imported $37.7M in Special Pharmaceuticals, mainly from Brazil ($6.86M), United States ($4.98M), Mexico ($4.52M), Peru ($3.1M), and China ($2.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$287k (1.69k%)
United States$17.8k (83.1%)
Bolivia$11.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Ecuador WERE (2021 - 2022):
Guatemala-$1.35M (-98.1%)
Costa Rica-$35k (-100%)
Indonesia-$20.8k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Ecuador's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $65.9k
TOP IMPORT POTENTIALUnited States+ $1.65M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $65.9k.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $1.65M.

See methodology.

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