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2022
Exports $49.1kWorld Rnk 83 / 131
Flag Rnk 623 / 1017
2022
Destination $30.1k Colombia
2021 - 2022
FASTEST GROWING MARKET $30.1kColombia
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $623kWorld Rnk 84 / 189
Flag Rnk 840 / 1175
2022
Origin $191k United States
2021 - 2022
FASTEST GROWING ORIGIN $191kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $49.1k in Bitumen and asphalt, making it the 83rd largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 623rd most exported product in Ecuador. The main destination of Bitumen and asphalt exports from Ecuador are: Colombia ($33.8k), Panama ($13.4k), Peru ($1.9k), and United States ($20).

The fastest growing export markets for Bitumen and asphalt of Ecuador between 2021 and 2022 were Colombia ($30.1k) and United States ($20).

Imports In 2022, Ecuador imported $623k in Bitumen and asphalt, becoming the 84th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 840th most imported product in Ecuador. Ecuador imports Bitumen and asphalt primarily from: United States ($354k), Colombia ($139k), China ($124k), Mexico ($4.96k), and Spain ($632).

The fastest growing import markets in Bitumen and asphalt for Ecuador between 2021 and 2022 were United States ($191k), Colombia ($115k), and China ($54k).

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 Bitumen and asphalt. 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)$49.1k
IMPORTS (2022)$623k
NET TRADE (2022)-$574k

In 2022, Ecuador exported $49.1k in Bitumen and asphalt. The main destinations of Ecuador exports on Bitumen and asphalt were Colombia ($33.8k), Panama ($13.4k), Peru ($1.9k), and United States ($20).

In 2022, Ecuador imported $623k in Bitumen and asphalt, mainly from United States ($354k), Colombia ($139k), China ($124k), Mexico ($4.96k), and Spain ($632).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$30.1k (830%)
United States$20 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Ecuador WERE (2021 - 2022):
Peru-$20.4k (-91.5%)
Suriname-$7.46k (-100%)
Panama-$5.27k (-28.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ecuador's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, Ecuador's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $1.97k
TOP IMPORT POTENTIALUnited States+ $65.4k

Bitumen and asphalt’s highest export potential is Colombia. With an export gap of $1.97k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $65.4k.

See methodology.

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