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2023
Exports $363kWorld Rnk 76 / 149
Flag Rnk 366 / 1002
2023
Destination $72.1k Brazil
2022 - 2023
FASTEST GROWING MARKET $72.1kUnited Kingdom
2023
PRODUCT COMPLEXITY IN Carboxylic Acids0.81Rnk 249 / 1025
2023
Imports $12.5MWorld Rnk 64 / 211
Flag Rnk 321 / 1173
2023
Origin $258k China
2022 - 2023
FASTEST GROWING ORIGIN $258kThailand
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $363k in Carboxylic Acids, making it the 76th largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 366th most exported product in Ecuador. The main destination of Carboxylic Acids exports from Ecuador are: Brazil ($134k), United Kingdom ($72.1k), Peru ($39k), Colombia ($24.6k), and Paraguay ($22.9k).

The fastest growing export markets for Carboxylic Acids of Ecuador between 2022 and 2023 were United Kingdom ($72.1k), Mexico ($13.2k), and United States ($292).

Imports In 2023, Ecuador imported $12.5M in Carboxylic Acids, becoming the 64th largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 321st most imported product in Ecuador. Ecuador imports Carboxylic Acids primarily from: China ($7.73M), Uruguay ($701k), United States ($698k), India ($609k), and Colombia ($523k).

The fastest growing import markets in Carboxylic Acids for Ecuador between 2022 and 2023 were Thailand ($258k), Panama ($185k), and United States ($86.8k).

COMPANIES In 2021, leading companies such as Continental Tire (2) were at the forefront of shipping Carboxylic Acids from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Carboxylic Acids exports accounted up to $22.2k and imports accounted up to $1.32M, resulting in a negative trade balance of $1.3M. Between November 2020 and December 2021 the exports of Ecuador's   Carboxylic Acids have increased by $4.2k (23.3%) from $18k to $22.2k, while imports increased by $547k (70.8%) from $774k to $1.32M.

Destinations In December 2021, Carboxylic Acids were exported mostly to Chile ($22.2k), and were imported mostly from China ($901k), Belgium ($125k), Peru ($95.3k), United States ($73.6k), and Uruguay ($32.3k).

Growth In December 2021, the increase in Carboxylic Acids's year-by-year exports was explained primarily by an increase in exports to Dominican Republic ($1.5k or 23%). In December 2021, the increase in Carboxylic Acids's year-by-year imports was explained primarily by an increase in imports from United States ($47.6k or 339%), Colombia ($20.3k or 646%), and Belgium ($14.7k or 48.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$4.2k(23.3%)
IMPORT GROWTH (December 2020 - December 2021)$547k(70.8%)
MAIN DESTINATION (December 2021)Chile$22.2k

This section shows Carboxylic Acids'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 Carboxylic Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$363k
IMPORTS (2023)$12.5M
NET TRADE (2023)-$12.2M

In 2023, Ecuador exported $363k in Carboxylic Acids. The main destinations of Ecuador exports on Carboxylic Acids were Brazil ($134k), United Kingdom ($72.1k), Peru ($39k), Colombia ($24.6k), and Paraguay ($22.9k).

In 2023, Ecuador imported $12.5M in Carboxylic Acids, mainly from China ($7.73M), Uruguay ($701k), United States ($698k), India ($609k), and Colombia ($523k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Carboxylic Acids EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United Kingdom$72.1k (1%)
Mexico$13.2k (23.9k%)
United States$292 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carboxylic Acids BY Ecuador WERE (2022 - 2023):
Brazil-$125k (-48.3%)
Peru-$25.9k (-39.9%)
Colombia-$15.7k (-38.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Carboxylic Acids were:
China $3.46B
India $879M
Germany $667M
In 2023, Ecuador's main importing competitors in Carboxylic Acids were:
United States $1.56B
Germany $763M
India $557M

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Trade Value of Carboxylic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $111k
TOP IMPORT POTENTIALChina+ $879k

Carboxylic Acids’s highest export potential is Brazil. With an export gap of $111k.   Carboxylic Acids’s highest import potential is China with an import gap of $879k.

See methodology.

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