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2023
Exports $30.8MWorld Rnk 65 / 175
Flag Rnk 47 / 1002
2023
Destination $11.6M Chile
2022 - 2023
FASTEST GROWING MARKET $11.6MChile
2023
PRODUCT COMPLEXITY IN Cement-1.48Rnk 943 / 1025
2023
Imports $5.87MWorld Rnk 156 / 224
Flag Rnk 450 / 1173
2023
Origin $2.02M Germany
2022 - 2023
FASTEST GROWING ORIGIN $2.02MGermany
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $30.8M in Cement, making it the 65th largest exporter of Cement in the world. At the same year, Cement was the 47th most exported product in Ecuador. The main destination of Cement exports from Ecuador are: Chile ($21M), Nicaragua ($7.33M), Peru ($2.18M), Colombia ($245k), and Mexico ($26.8k).

The fastest growing export markets for Cement of Ecuador between 2022 and 2023 were Chile ($11.6M), Nicaragua ($1.89M), and Mexico ($26.8k).

Imports In 2023, Ecuador imported $5.87M in Cement, becoming the 156th largest importer of Cement in the world. At the same year, Cement was the 450th most imported product in Ecuador. Ecuador imports Cement primarily from: Germany ($3.39M), Egypt ($899k), Turkey ($611k), Colombia ($328k), and United States ($221k).

The fastest growing import markets in Cement for Ecuador between 2022 and 2023 were Germany ($2.02M), Egypt ($49.7k), and China ($37k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Cement exports accounted up to $1.29M and imports accounted up to $475k, resulting in a positive trade balance of $811k. Between December 2020 and December 2021 the exports of Ecuador's   Cement have decreased by $-3.51M (-73.2%) from $4.8M to $1.29M, while imports increased by $194k (69.1%) from $281k to $475k.

Destinations In December 2021, Cement were exported mostly to Chile ($1.29M), and were imported mostly from Germany ($194k), Colombia ($152k), Mexico ($98k), United States ($23.1k), and Peru ($7.98k).

Growth In December 2021, the decrease in Cement's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-414k or -53.8%) and Chile ($-34.5k or -2.89%). In December 2021, the increase in Cement's year-by-year imports was explained primarily by an increase in imports from Peru ($20.3k or 62.7%), Mexico ($14.1k or 13.2%), and Turkey ($1.22k or 9.52%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-3.51M(-73.2%)
IMPORT GROWTH (December 2020 - December 2021)$194k(69.1%)
MAIN DESTINATION (December 2021)Chile$1.29M

This section shows Cement'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 Cement over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$30.8M
IMPORTS (2023)$5.87M
NET TRADE (2023)$25M

In 2023, Ecuador exported $30.8M in Cement. The main destinations of Ecuador exports on Cement were Chile ($21M), Nicaragua ($7.33M), Peru ($2.18M), Colombia ($245k), and Mexico ($26.8k).

In 2023, Ecuador imported $5.87M in Cement, mainly from Germany ($3.39M), Egypt ($899k), Turkey ($611k), Colombia ($328k), and United States ($221k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Chile$11.6M (122%)
Nicaragua$1.89M (34.7%)
Mexico$26.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Ecuador WERE (2022 - 2023):
Peru-$22M (-91%)
Colombia-$280k (-53.3%)
Bolivia-$88 (-55%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Cement were:
Turkey $1.65B
Vietnam $1.58B
Egypt $841M
In 2023, Ecuador's main importing competitors in Cement were:
United States $2.55B
France $620M
Philippines $551M

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $99k
TOP IMPORT POTENTIALColombia+ $419k

Cement’s highest export potential is Colombia. With an export gap of $99k.   Cement’s highest import potential is Colombia with an import gap of $419k.

See methodology.

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