2023
Exports
$24.6kWorld Rnk 134 / 174
Flag Rnk 696 / 1002
2023
PRODUCT COMPLEXITY IN Concentrated Milk
-0.8Rnk 783 / 1025
2023
Imports
$7.86MWorld Rnk 141 / 222
Flag Rnk 412 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $24.6k in Concentrated Milk, making it the 134th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 696th most exported product in Ecuador. The main destination of Concentrated Milk exports from Ecuador are: United States ($24.2k), Finland ($234), Luxembourg ($114), and Panama ($6).

The fastest growing export markets for Concentrated Milk of Ecuador between 2022 and 2023 were Finland ($234) and Luxembourg ($114).

Imports In 2023, Ecuador imported $7.86M in Concentrated Milk, becoming the 141st largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 412th most imported product in Ecuador. Ecuador imports Concentrated Milk primarily from: Chile ($3.22M), Peru ($2.34M), France ($1.47M), Colombia ($302k), and Netherlands ($163k).

The fastest growing import markets in Concentrated Milk for Ecuador between 2022 and 2023 were Chile ($1.53M), Peru ($763k), and Netherlands ($163k).

COMPANIES In 2021, leading companies such as Continental Tire (4) were at the forefront of shipping Concentrated Milk from Ecuador to the United States.

Latest Trends

November 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2020 - November 2021)$-7.43k(-99.1%)
IMPORT GROWTH (December 2020 - December 2021)$181k(33.6%)
MAIN DESTINATION (November 2021)

This section shows Concentrated Milk'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 Concentrated Milk over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$24.6k
IMPORTS (2023)$7.86M
NET TRADE (2023)-$7.83M

In 2023, Ecuador exported $24.6k in Concentrated Milk. The main destinations of Ecuador exports on Concentrated Milk were United States ($24.2k), Finland ($234), Luxembourg ($114), and Panama ($6).

In 2023, Ecuador imported $7.86M in Concentrated Milk, mainly from Chile ($3.22M), Peru ($2.34M), France ($1.47M), Colombia ($302k), and Netherlands ($163k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Finland$234 (1%)
Luxembourg$114 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Ecuador WERE (2022 - 2023):
Colombia-$1.09M (-100%)
Cape Verde-$39.8k (-100%)
United States-$12k (-33.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Concentrated Milk were:
In 2023, Ecuador's main importing competitors in Concentrated Milk were:

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $350k
TOP IMPORT POTENTIALFrance+ $403k

Concentrated Milk’s highest export potential is Colombia. With an export gap of $350k.   Concentrated Milk’s highest import potential is France with an import gap of $403k.

See methodology.

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