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Pricing

2023
Exports $2.53MWorld Rnk 91 / 186
Flag Rnk 165 / 1002
2023
Destination $1.02M Venezuela
2022 - 2023
FASTEST GROWING MARKET $1.02MVenezuela
2023
PRODUCT COMPLEXITY IN Malt Extract-0.019Rnk 566 / 1025
2023
Imports $47.7MWorld Rnk 95 / 224
Flag Rnk 105 / 1173
2023
Origin $5.3M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $5.3MMexico
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $2.53M in Malt Extract, making it the 91st largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 165th most exported product in Ecuador. The main destination of Malt Extract exports from Ecuador are: Venezuela ($1.02M), United States ($670k), Peru ($636k), Panama ($76.9k), and Spain ($30.9k).

The fastest growing export markets for Malt Extract of Ecuador between 2022 and 2023 were Venezuela ($1.02M), United States ($326k), and Peru ($158k).

Imports In 2023, Ecuador imported $47.7M in Malt Extract, becoming the 95th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 105th most imported product in Ecuador. Ecuador imports Malt Extract primarily from: Mexico ($13.9M), Poland ($6.22M), Ireland ($5.31M), Argentina ($4.26M), and Spain ($4.07M).

The fastest growing import markets in Malt Extract for Ecuador between 2022 and 2023 were Mexico ($5.3M), Poland ($1.78M), and Ireland ($823k).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (3.92k) and Continental Tire (1) were at the forefront of shipping Malt Extract from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Malt Extract exports accounted up to $155k and imports accounted up to $5.32M, resulting in a negative trade balance of $5.17M. Between December 2020 and December 2021 the exports of Ecuador's   Malt Extract have increased by $48.8k (46.1%) from $106k to $155k, while imports increased by $177k (3.44%) from $5.14M to $5.32M.

Destinations In December 2021, Malt Extract were exported mostly to Germany ($75k), Peru ($43.3k), United States ($28.9k), Chile ($3.8k), and Panama ($3.76k), and were imported mostly from Mexico ($2.32M), Argentina ($920k), Poland ($683k), Ireland ($321k), and Colombia ($275k).

Growth In December 2021, the increase in Malt Extract's year-by-year exports was explained primarily by an increase in exports to Peru ($26.4k or 35.2%). In December 2021, the increase in Malt Extract's year-by-year imports was explained primarily by an increase in imports from Poland ($206k or 128%), Chile ($189k or 264%), and Ireland ($120k or 111%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$48.8k(46.1%)
IMPORT GROWTH (December 2020 - December 2021)$177k(3.44%)
MAIN DESTINATION (December 2021)Germany$75k

This section shows Malt Extract'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 Malt Extract over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.53M
IMPORTS (2023)$47.7M
NET TRADE (2023)-$45.2M

In 2023, Ecuador exported $2.53M in Malt Extract. The main destinations of Ecuador exports on Malt Extract were Venezuela ($1.02M), United States ($670k), Peru ($636k), Panama ($76.9k), and Spain ($30.9k).

In 2023, Ecuador imported $47.7M in Malt Extract, mainly from Mexico ($13.9M), Poland ($6.22M), Ireland ($5.31M), Argentina ($4.26M), and Spain ($4.07M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Malt Extract EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Venezuela$1.02M (1%)
United States$326k (94.7%)
Peru$158k (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt Extract BY Ecuador WERE (2022 - 2023):
Netherlands-$307k (-99.9%)
Germany-$49.3k (-69.5%)
Colombia-$48k (-83.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Malt Extract were:
Netherlands $3.27B
Germany $2.72B
France $2.57B
In 2023, Ecuador's main importing competitors in Malt Extract were:
China $4.38B
United States $1.58B
United Kingdom $1.02B

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Trade Value of Malt Extract by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $542k
TOP IMPORT POTENTIALUnited States+ $1.25M

Malt Extract’s highest export potential is United States. With an export gap of $542k.   Malt Extract’s highest import potential is United States with an import gap of $1.25M.

See methodology.

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