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2018
Exports $94.1kWorld Rnk 93 / 153
Flag Rnk 546 / 1017
2018
Destination $7.83k Germany
2021 - 2022
FASTEST GROWING MARKET $7.83kCanada
2022
PRODUCT COMPLEXITY IN Insect Resins-2.5Rnk 1019 / 1025
2018
Imports $2.43MWorld Rnk 54 / 197
Flag Rnk 629 / 1175
2018
Origin $902k China
2021 - 2022
FASTEST GROWING ORIGIN $902kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2018, Ecuador exported $94.1k in Insect Resins, making it the 93rd largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 546th most exported product in Ecuador. The main destination of Insect Resins exports from Ecuador are: Germany ($53.8k), Czechia ($29.2k), Canada ($7.83k), Poland ($2.07k), and Portugal ($579).

The fastest growing export markets for Insect Resins of Ecuador between 2021 and 2022 were Canada ($7.83k), Czechia ($5.71k), and Portugal ($406).

Imports In 2022, Ecuador imported $2.43M in Insect Resins, becoming the 54th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 629th most imported product in Ecuador. Ecuador imports Insect Resins primarily from: China ($1.42M), Germany ($293k), India ($214k), Italy ($148k), and United States ($135k).

The fastest growing import markets in Insect Resins for Ecuador between 2021 and 2022 were China ($902k), India ($214k), and Germany ($112k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Insect Resins exports accounted up to $0.6 and imports accounted up to $74.2k, resulting in a negative trade balance of $74.2k. Between July 2016 and December 2021 the exports of Ecuador's   Insect Resins have decreased by $-289 (-99.8%) from $289 to $0.6, while imports increased by $52.8k (247%) from $21.4k to $74.2k.

Destinations In December 2021, Insect Resins were exported mostly to Panama ($0.6), and were imported mostly from United States ($68.8k), China ($4.8k), France ($560), and India ($21.9).

Growth In December 2021, the decrease in Insect Resins's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Insect Resins's year-by-year imports was explained primarily by an increase in imports from United States ($47.1k or 96.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2016 - December 2021)$-289(-99.8%)
IMPORT GROWTH (December 2020 - December 2021)$52.8k(247%)
MAIN DESTINATION (December 2021)Panama$0.6

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$94.1k
IMPORTS (2022)$2.43M
NET TRADE (2022)-$2.33M

In 2022, Ecuador exported $94.1k in Insect Resins. The main destinations of Ecuador exports on Insect Resins were Germany ($53.8k), Czechia ($29.2k), Canada ($7.83k), Poland ($2.07k), and Portugal ($579).

In 2022, Ecuador imported $2.43M in Insect Resins, mainly from China ($1.42M), Germany ($293k), India ($214k), Italy ($148k), and United States ($135k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Canada$7.83k (1%)
Czechia$5.71k (24.3%)
Portugal$406 (235%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Ecuador WERE (2021 - 2022):
Poland-$36.4k (-94.6%)
Chile-$2.18k (-96.6%)
Netherlands-$1.24k (-90.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Insect Resins were:
Sudan $194M
France $193M
Afghanistan $126M
In 2022, Ecuador's main importing competitors in Insect Resins were:
India $260M
United States $157M
France $127M

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $21.7k
TOP IMPORT POTENTIALIndia+ $63k

Insect Resins’s highest export potential is Germany. With an export gap of $21.7k.   Insect Resins’s highest import potential is India with an import gap of $63k.

See methodology.

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