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2022
Exports $160kWorld Rnk 77 / 179
Flag Rnk 496 / 1017
2022
Destination $115k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $115kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Candles0.33Rnk 433 / 1025
2022
Imports $2.54MWorld Rnk 83 / 219
Flag Rnk 617 / 1175
2022
Origin $483k China
2021 - 2022
FASTEST GROWING ORIGIN $483kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $160k in Candles, making it the 77th largest exporter of Candles in the world. At the same year, Candles was the 496th most exported product in Ecuador. The main destination of Candles exports from Ecuador are: United Kingdom ($115k), Panama ($24.3k), United States ($14.3k), Bermuda ($5.55k), and Costa Rica ($498).

The fastest growing export markets for Candles of Ecuador between 2021 and 2022 were United Kingdom ($115k), Panama ($24.3k), and United States ($14.2k).

Imports In 2022, Ecuador imported $2.54M in Candles, becoming the 83rd largest importer of Candles in the world. At the same year, Candles was the 617th most imported product in Ecuador. Ecuador imports Candles primarily from: China ($1.21M), United States ($935k), Canada ($111k), Spain ($87k), and France ($57.3k).

The fastest growing import markets in Candles for Ecuador between 2021 and 2022 were United States ($483k), China ($331k), and France ($51.3k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Candles exports accounted up to $0.4 and imports accounted up to $176k, resulting in a negative trade balance of $176k. Between December 2018 and December 2021 the exports of Ecuador's   Candles have decreased by $-364 (-99.9%) from $364 to $0.4, while imports increased by $85.7k (94.8%) from $90.4k to $176k.

Destinations In December 2021, Candles were exported mostly to Panama ($0.4), and were imported mostly from United States ($74.8k), China ($67.3k), Canada ($19.2k), Spain ($14.5k), and France ($152).

Growth In December 2021, the decrease in Candles's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Candles's year-by-year imports was explained primarily by an increase in imports from France ($700 or 1.3k%) and Switzerland ($4.74 or 13.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2018 - December 2021)$-364(-99.9%)
IMPORT GROWTH (December 2020 - December 2021)$85.7k(94.8%)
MAIN DESTINATION (December 2021)Panama$0.4

This section shows Candles'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 Candles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$160k
IMPORTS (2022)$2.54M
NET TRADE (2022)-$2.38M

In 2022, Ecuador exported $160k in Candles. The main destinations of Ecuador exports on Candles were United Kingdom ($115k), Panama ($24.3k), United States ($14.3k), Bermuda ($5.55k), and Costa Rica ($498).

In 2022, Ecuador imported $2.54M in Candles, mainly from China ($1.21M), United States ($935k), Canada ($111k), Spain ($87k), and France ($57.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Candles EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United Kingdom$115k (1%)
Panama$24.3k (243k%)
United States$14.2k (15.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Candles BY Ecuador WERE (2021 - 2022):
Paraguay-$5.73k (-100%)
United Arab Emirates-$3.68k (-100%)
Netherlands-$1.21k (-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 Candles were:
China $1.27B
Poland $987M
Vietnam $615M
In 2022, Ecuador's main importing competitors in Candles were:
United States $1.08B
Germany $681M
United Kingdom $373M

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Trade Value of Candles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $56.4k
TOP IMPORT POTENTIALChina+ $331k

Candles’s highest export potential is United Kingdom. With an export gap of $56.4k.   Candles’s highest import potential is China with an import gap of $331k.

See methodology.

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