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2022
Exports $7.85MWorld Rnk 113 / 210
Flag Rnk 56 / 95
2022
Destination $861k Peru
2021 - 2022
FASTEST GROWING MARKET $861kGuatemala
2022
PRODUCT COMPLEXITY IN Inorganic chemicals1.72Rnk 21 / 1025
2022
Imports $304MWorld Rnk 67 / 225
Flag Rnk 18 / 96
2022
Origin $49.4M China
2021 - 2022
FASTEST GROWING ORIGIN $49.4MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $7.85M in Inorganic chemicals, making it the 113th largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 56th most exported product in Ecuador. The main destination of Inorganic chemicals exports from Ecuador are: Peru ($2.96M), Dominican Republic ($943k), Guatemala ($898k), Colombia ($758k), and Honduras ($675k).

The fastest growing export markets for Inorganic chemicals of Ecuador between 2021 and 2022 were Guatemala ($861k), Dominican Republic ($634k), and Nicaragua ($441k).

Imports In 2022, Ecuador imported $304M in Inorganic chemicals, becoming the 67th largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 18th most imported product in Ecuador. Ecuador imports Inorganic chemicals primarily from: China ($93.4M), United States ($29.3M), Peru ($28.4M), Germany ($22.6M), and Chile ($16.4M).

The fastest growing import markets in Inorganic chemicals for Ecuador between 2021 and 2022 were China ($49.4M), Germany ($9.87M), and United States ($9.67M).

COMPANIES In 2021, leading companies such as Goya Foods (1) were at the forefront of shipping Inorganic chemicals from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Inorganic chemicals exports accounted up to $362k and imports accounted up to $22.6M, resulting in a negative trade balance of $22.3M. Between December 2020 and December 2021 the exports of Ecuador's   Inorganic chemicals have increased by $128k (54.7%) from $234k to $362k, while imports increased by $9.7M (75.1%) from $12.9M to $22.6M.

Destinations In December 2021, Inorganic chemicals were exported mostly to Peru ($184k), Panama ($136k), Colombia ($37.9k), Thailand ($4.17k), and United States ($501), and were imported mostly from China ($6.27M), United States ($3.59M), Peru ($2.13M), Brazil ($1.91M), and Germany ($1.54M).

Growth In December 2021, the increase in Inorganic chemicals's year-by-year exports was explained primarily by an increase in exports to Peru ($274k or 289%), Chile ($45.3k or 944%), and Colombia ($16k or 173%). In December 2021, the increase in Inorganic chemicals's year-by-year imports was explained primarily by an increase in imports from Brazil ($536k or 218%), Belgium ($259k or 115%), and Netherlands ($161k or 293%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$128k(54.7%)
IMPORT GROWTH (December 2020 - December 2021)$9.7M(75.1%)
MAIN DESTINATION (December 2021)Peru$184k

This section shows Inorganic chemicals'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 Inorganic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.85M
IMPORTS (2022)$304M
NET TRADE (2022)-$296M

In 2022, Ecuador exported $7.85M in Inorganic chemicals. The main destinations of Ecuador exports on Inorganic chemicals were Peru ($2.96M), Dominican Republic ($943k), Guatemala ($898k), Colombia ($758k), and Honduras ($675k).

In 2022, Ecuador imported $304M in Inorganic chemicals, mainly from China ($93.4M), United States ($29.3M), Peru ($28.4M), Germany ($22.6M), and Chile ($16.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Guatemala$861k (2.28k%)
Dominican Republic$634k (205%)
Nicaragua$441k (1.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY Ecuador WERE (2021 - 2022):
Peru-$452k (-13.2%)
Chile-$270k (-90.7%)
Germany-$208k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Inorganic chemicals were:
China $33.7B
United States $17B
Germany $15.3B
In 2022, Ecuador's main importing competitors in Inorganic chemicals were:
China $21.7B
United States $20B
South Korea $13B

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $559k
TOP IMPORT POTENTIALUnited States+ $3.11M

Inorganic chemicals’s highest export potential is United States. With an export gap of $559k.   Inorganic chemicals’s highest import potential is United States with an import gap of $3.11M.

See methodology.

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