2022
Exports
$11.1BWorld Rnk 23 / 149
Flag Rnk 1 / 1017
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$73.3kWorld Rnk 111 / 158
Flag Rnk 1036 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $11.1B in Crude Petroleum, making it the 23rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Ecuador. The main destination of Crude Petroleum exports from Ecuador are: United States ($4.5B), Panama ($4.02B), Chile ($909M), Peru ($442M), and India ($420M).

The fastest growing export markets for Crude Petroleum of Ecuador between 2021 and 2022 were United States ($2.49B), Panama ($768M), and Peru ($299M).

Imports In 2022, Ecuador imported $73.3k in Crude Petroleum, becoming the 111th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1036th most imported product in Ecuador. Ecuador imports Crude Petroleum primarily from: Estonia ($67.6k), Spain ($5.7k), Peru ($10), and Netherlands ($5).

The fastest growing import markets in Crude Petroleum for Ecuador between 2021 and 2022 were Estonia ($67.6k) and Peru ($10).

Latest Trends

Aug 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 Crude Petroleum. 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)$11.1B
IMPORTS (2022)$73.3k
NET TRADE (2022)$11.1B

In 2022, Ecuador exported $11.1B in Crude Petroleum. The main destinations of Ecuador exports on Crude Petroleum were United States ($4.5B), Panama ($4.02B), Chile ($909M), Peru ($442M), and India ($420M).

In 2022, Ecuador imported $73.3k in Crude Petroleum, mainly from Estonia ($67.6k), Spain ($5.7k), Peru ($10), and Netherlands ($5).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$2.49B (124%)
Panama$768M (23.6%)
Peru$299M (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Ecuador WERE (2021 - 2022):
China-$344M (-77.2%)
India-$150M (-26.4%)
Malaysia-$86.9M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ecuador's main exporting competitors in Crude Petroleum were:
In 2022, Ecuador's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $983M
TOP IMPORT POTENTIALSpain+ $5.66k

Crude Petroleum’s highest export potential is China. With an export gap of $983M.   Crude Petroleum’s highest import potential is Spain with an import gap of $5.66k.

See methodology.

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