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2022
Exports $1.7MWorld Rnk 113 / 203
Flag Rnk 215 / 1017
2022
Destination $369k United States
2021 - 2022
FASTEST GROWING MARKET $369kUnited States
2022
PRODUCT COMPLEXITY IN Hard Liquor-0.52Rnk 708 / 1025
2022
Imports $50.2MWorld Rnk 70 / 224
Flag Rnk 107 / 1175
2022
Origin $9.74M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $9.74MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.7M in Hard Liquor, making it the 113th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 215th most exported product in Ecuador. The main destination of Hard Liquor exports from Ecuador are: United States ($1.16M), Netherlands ($170k), United Kingdom ($130k), Panama ($70.7k), and Chile ($36.4k).

The fastest growing export markets for Hard Liquor of Ecuador between 2021 and 2022 were United States ($369k), United Kingdom ($130k), and Panama ($38k).

Imports In 2022, Ecuador imported $50.2M in Hard Liquor, becoming the 70th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 107th most imported product in Ecuador. Ecuador imports Hard Liquor primarily from: United Kingdom ($29.7M), Mexico ($5.65M), Colombia ($3.84M), United States ($3.77M), and France ($881k).

The fastest growing import markets in Hard Liquor for Ecuador between 2021 and 2022 were United Kingdom ($9.74M), Mexico ($3.87M), and Colombia ($1.4M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Hard Liquor exports accounted up to $55.4k and imports accounted up to $2.6M, resulting in a negative trade balance of $2.55M. Between December 2020 and December 2021 the exports of Ecuador's   Hard Liquor have increased by $48.6k (715%) from $6.79k to $55.4k, while imports decreased by $-790k (-23.3%) from $3.39M to $2.6M.

Destinations In December 2021, Hard Liquor were exported mostly to United States ($55.4k) and Panama ($5.7), and were imported mostly from United Kingdom ($1.57M), Mexico ($532k), Colombia ($133k), Peru ($64.8k), and France ($48.2k).

Growth In December 2021, the increase in Hard Liquor's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Hard Liquor's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-824k or -51.7%), United States ($-120k or -92.1%), and Italy ($-12.9k or -23.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$48.6k(715%)
IMPORT GROWTH (December 2020 - December 2021)$-790k(-23.3%)
MAIN DESTINATION (December 2021)United States$55.4k

This section shows Hard Liquor'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 Hard Liquor over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.7M
IMPORTS (2022)$50.2M
NET TRADE (2022)-$48.5M

In 2022, Ecuador exported $1.7M in Hard Liquor. The main destinations of Ecuador exports on Hard Liquor were United States ($1.16M), Netherlands ($170k), United Kingdom ($130k), Panama ($70.7k), and Chile ($36.4k).

In 2022, Ecuador imported $50.2M in Hard Liquor, mainly from United Kingdom ($29.7M), Mexico ($5.65M), Colombia ($3.84M), United States ($3.77M), and France ($881k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$369k (46.4%)
United Kingdom$130k (1%)
Panama$38k (116%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Ecuador WERE (2021 - 2022):
Netherlands-$25.6k (-13.1%)
Guatemala-$22.7k (-100%)
Colombia-$16.3k (-86.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Hard Liquor were:
United Kingdom $9.58B
France $6.3B
Mexico $4.86B
In 2022, Ecuador's main importing competitors in Hard Liquor were:
United States $10.9B
China $2.58B
Germany $1.89B

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.68M
TOP IMPORT POTENTIALMexico+ $3.1M

Hard Liquor’s highest export potential is United States. With an export gap of $1.68M.   Hard Liquor’s highest import potential is Mexico with an import gap of $3.1M.

See methodology.

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