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2022
Exports $458kWorld Rnk 79 / 195
Flag Rnk 363 / 1017
2022
Destination $118k Peru
2021 - 2022
FASTEST GROWING MARKET $118kPeru
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $27.2MWorld Rnk 63 / 224
Flag Rnk 191 / 1175
2022
Origin $580k United States
2021 - 2022
FASTEST GROWING ORIGIN $580kColombia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $458k in Lubricating Products, making it the 79th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 363rd most exported product in Ecuador. The main destination of Lubricating Products exports from Ecuador are: Peru ($251k), Colombia ($146k), Egypt ($24.2k), Argentina ($14k), and United Kingdom ($13.1k).

The fastest growing export markets for Lubricating Products of Ecuador between 2021 and 2022 were Peru ($118k), Colombia ($90k), and Egypt ($24.2k).

Imports In 2022, Ecuador imported $27.2M in Lubricating Products, becoming the 63rd largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 191st most imported product in Ecuador. Ecuador imports Lubricating Products primarily from: United States ($12.4M), France ($3.39M), Italy ($2.9M), Colombia ($1.42M), and China ($936k).

The fastest growing import markets in Lubricating Products for Ecuador between 2021 and 2022 were Colombia ($580k), Italy ($449k), and Argentina ($358k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Lubricating Products exports accounted up to $22.3k and imports accounted up to $3.58M, resulting in a negative trade balance of $3.56M. Between December 2020 and December 2021 the exports of Ecuador's   Lubricating Products have decreased by $-9.2k (-29.2%) from $31.5k to $22.3k, while imports increased by $2.65M (282%) from $938k to $3.58M.

Destinations In December 2021, Lubricating Products were exported mostly to Colombia ($14k), Peru ($8.07k), and Rest of the world ($217), and were imported mostly from United States ($1.03M), Italy ($955k), France ($541k), Brazil ($370k), and Ukraine ($134k).

Growth In December 2021, the decrease in Lubricating Products's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from Germany ($174k or 251%), Italy ($163k or 597%), and Brazil ($53.3k or 104%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-9.2k(-29.2%)
IMPORT GROWTH (December 2020 - December 2021)$2.65M(282%)
MAIN DESTINATION (December 2021)Colombia$14k

This section shows Lubricating Products'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 Lubricating Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$458k
IMPORTS (2022)$27.2M
NET TRADE (2022)-$26.7M

In 2022, Ecuador exported $458k in Lubricating Products. The main destinations of Ecuador exports on Lubricating Products were Peru ($251k), Colombia ($146k), Egypt ($24.2k), Argentina ($14k), and United Kingdom ($13.1k).

In 2022, Ecuador imported $27.2M in Lubricating Products, mainly from United States ($12.4M), France ($3.39M), Italy ($2.9M), Colombia ($1.42M), and China ($936k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$118k (88.9%)
Colombia$90k (160%)
Egypt$24.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Ecuador WERE (2021 - 2022):
Guatemala-$32.9k (-100%)
Canada-$3.49k (-100%)
China-$786 (-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 Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, Ecuador's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $42.3k
TOP IMPORT POTENTIALGermany+ $832k

Lubricating Products’s highest export potential is Peru. With an export gap of $42.3k.   Lubricating Products’s highest import potential is Germany with an import gap of $832k.

See methodology.

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