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2023
Exports $5.05MWorld Rnk 86 / 155
Flag Rnk 119 / 1002
2023
Destination $325k Dominican Republic
2022 - 2023
FASTEST GROWING MARKET $325kBolivia
2023
PRODUCT COMPLEXITY IN Mixed Mineral or Chemical Fertilizers-0.99Rnk 827 / 1025
2023
Imports $170MWorld Rnk 40 / 215
Flag Rnk 26 / 1173
2023
Origin $5.81M Russia
2022 - 2023
FASTEST GROWING ORIGIN $5.81MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $5.05M in Mixed Mineral or Chemical Fertilizers, making it the 86th largest exporter of Mixed Mineral or Chemical Fertilizers in the world. At the same year, Mixed Mineral or Chemical Fertilizers was the 119th most exported product in Ecuador. The main destination of Mixed Mineral or Chemical Fertilizers exports from Ecuador are: Dominican Republic ($1.47M), Colombia ($1.14M), Peru ($934k), Bolivia ($456k), and Chile ($423k).

The fastest growing export markets for Mixed Mineral or Chemical Fertilizers of Ecuador between 2022 and 2023 were Bolivia ($325k), Chile ($301k), and Colombia ($278k).

Imports In 2023, Ecuador imported $170M in Mixed Mineral or Chemical Fertilizers, becoming the 40th largest importer of Mixed Mineral or Chemical Fertilizers in the world. At the same year, Mixed Mineral or Chemical Fertilizers was the 26th most imported product in Ecuador. Ecuador imports Mixed Mineral or Chemical Fertilizers primarily from: Russia ($22.4M), China ($19.3M), Colombia ($16.5M), Spain ($15.2M), and United States ($14M).

The fastest growing import markets in Mixed Mineral or Chemical Fertilizers for Ecuador between 2022 and 2023 were China ($5.81M), Morocco ($5.43M), and Colombia ($4.43M).

COMPANIES In 2021, leading companies such as Goya Foods (39), One Banana (20), and Amazon Produce Network (19) were at the forefront of shipping Mixed Mineral or Chemical Fertilizers from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Mixed Mineral or Chemical Fertilizers exports accounted up to $264k and imports accounted up to $16.3M, resulting in a negative trade balance of $16.1M. Between December 2020 and December 2021 the exports of Ecuador's   Mixed Mineral or Chemical Fertilizers have increased by $17.3k (7.01%) from $247k to $264k, while imports increased by $6.2M (61.1%) from $10.1M to $16.3M.

Destinations In December 2021, Mixed Mineral or Chemical Fertilizers were exported mostly to Nicaragua ($136k), Peru ($66.8k), Dominican Republic ($41.5k), Colombia ($19.2k), and Thailand ($526), and were imported mostly from Russia ($7.98M), Colombia ($1.63M), Spain ($1.18M), United States ($1.13M), and Mexico ($872k).

Growth In December 2021, the increase in Mixed Mineral or Chemical Fertilizers's year-by-year exports was explained primarily by an increase in exports to Peru ($18.8k or 15.6%), Dominican Republic ($6.62k or 12%), and Colombia ($4.64k or 20.3%). In December 2021, the increase in Mixed Mineral or Chemical Fertilizers's year-by-year imports was explained primarily by an increase in imports from Russia ($2.13M or 284%), United States ($2.05M or 245%), and China ($833k or 274%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$17.3k(7.01%)
IMPORT GROWTH (December 2020 - December 2021)$6.2M(61.1%)
MAIN DESTINATION (December 2021)Nicaragua$136k

This section shows Mixed Mineral or Chemical Fertilizers'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 Mixed Mineral or Chemical Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.05M
IMPORTS (2023)$170M
NET TRADE (2023)-$165M

In 2023, Ecuador exported $5.05M in Mixed Mineral or Chemical Fertilizers. The main destinations of Ecuador exports on Mixed Mineral or Chemical Fertilizers were Dominican Republic ($1.47M), Colombia ($1.14M), Peru ($934k), Bolivia ($456k), and Chile ($423k).

In 2023, Ecuador imported $170M in Mixed Mineral or Chemical Fertilizers, mainly from Russia ($22.4M), China ($19.3M), Colombia ($16.5M), Spain ($15.2M), and United States ($14M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mixed Mineral or Chemical Fertilizers EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Bolivia$325k (247%)
Chile$301k (247%)
Colombia$278k (32.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mixed Mineral or Chemical Fertilizers BY Ecuador WERE (2022 - 2023):
Honduras-$646k (-83.6%)
Dominican Republic-$201k (-12.1%)
Thailand-$185k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Mixed Mineral or Chemical Fertilizers were:
Morocco $5.72B
Russia $5.58B
China $5.09B
In 2023, Ecuador's main importing competitors in Mixed Mineral or Chemical Fertilizers were:
India $5.2B
Brazil $4.81B
United States $1.67B

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Trade Value of Mixed Mineral or Chemical Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $393k
TOP IMPORT POTENTIALChina+ $4.27M

Mixed Mineral or Chemical Fertilizers’s highest export potential is Peru. With an export gap of $393k.   Mixed Mineral or Chemical Fertilizers’s highest import potential is China with an import gap of $4.27M.

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