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2023
Exports $27.7kWorld Rnk 98 / 139
Flag Rnk 677 / 1002
2023
Destination $17.6k Czechia
2022 - 2023
FASTEST GROWING MARKET $17.6kCzechia
2023
PRODUCT COMPLEXITY IN Molasses-1.73Rnk 974 / 1025
2023
Imports $10.4MWorld Rnk 27 / 187
Flag Rnk 350 / 1173
2023
Origin $2.27M Peru
2022 - 2023
FASTEST GROWING ORIGIN $2.27MPeru
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $27.7k in Molasses, making it the 98th largest exporter of Molasses in the world. At the same year, Molasses was the 677th most exported product in Ecuador. The main destination of Molasses exports from Ecuador are: Czechia ($17.6k), Spain ($9.82k), South Africa ($203), and Netherlands ($75).

The fastest growing export markets for Molasses of Ecuador between 2022 and 2023 were Czechia ($17.6k), Spain ($7.83k), and South Africa ($202).

Imports In 2023, Ecuador imported $10.4M in Molasses, becoming the 27th largest importer of Molasses in the world. At the same year, Molasses was the 350th most imported product in Ecuador. Ecuador imports Molasses primarily from: Peru ($10.2M) and Colombia ($197k).

The fastest growing import markets in Molasses for Ecuador between 2022 and 2023 were Peru ($2.27M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Molasses exports accounted up to $1.26k and imports accounted up to $543k, resulting in a negative trade balance of $541k. Between February 2015 and December 2021 the exports of Ecuador's   Molasses have decreased by $-3.33k (-72.5%) from $4.59k to $1.26k, while imports increased by $217k (66.5%) from $326k to $543k.

Destinations In December 2021, Molasses were exported mostly to United States ($1.26k), and were imported mostly from Peru ($517k) and Colombia ($25.5k).

Growth In December 2021, the decrease in Molasses's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Molasses's year-by-year imports was explained primarily by an increase in imports from Peru ($28.7k or 6.71%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2015 - December 2021)$-3.33k(-72.5%)
IMPORT GROWTH (December 2020 - December 2021)$217k(66.5%)
MAIN DESTINATION (December 2021)United States$1.26k

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$27.7k
IMPORTS (2023)$10.4M
NET TRADE (2023)-$10.4M

In 2023, Ecuador exported $27.7k in Molasses. The main destinations of Ecuador exports on Molasses were Czechia ($17.6k), Spain ($9.82k), South Africa ($203), and Netherlands ($75).

In 2023, Ecuador imported $10.4M in Molasses, mainly from Peru ($10.2M) and Colombia ($197k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Czechia$17.6k (1%)
Spain$7.83k (393%)
South Africa$202 (20.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Ecuador WERE (2022 - 2023):Guatemala-$7.34k (-100%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Molasses were:
India $295M
Indonesia $168M
Poland $85.5M
In 2023, Ecuador's main importing competitors in Molasses were:
United States $263M
Philippines $161M
United Kingdom $161M

Explore Visualizations

Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $2.36k
TOP IMPORT POTENTIALColombia+ $76.7k

Molasses’s highest export potential is Spain. With an export gap of $2.36k.   Molasses’s highest import potential is Colombia with an import gap of $76.7k.

See methodology.

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