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2023
Exports $1.19MWorld Rnk 53 / 131
Flag Rnk 238 / 1002
2023
Destination $379k Colombia
2022 - 2023
FASTEST GROWING MARKET $379kColombia
2023
PRODUCT COMPLEXITY IN Natural Polymers0.78Rnk 260 / 1025
2023
Imports $13.9MWorld Rnk 47 / 196
Flag Rnk 302 / 1173
2023
Origin $1.56M China
2022 - 2023
FASTEST GROWING ORIGIN $1.56MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.19M in Natural Polymers, making it the 53rd largest exporter of Natural Polymers in the world. At the same year, Natural Polymers was the 238th most exported product in Ecuador. The main destination of Natural Polymers exports from Ecuador are: Colombia ($707k), Peru ($480k), Guatemala ($1.63k), Chile ($120), and Mexico ($1).

The fastest growing export markets for Natural Polymers of Ecuador between 2022 and 2023 were Colombia ($379k), Peru ($373k), and Guatemala ($1.63k).

Imports In 2023, Ecuador imported $13.9M in Natural Polymers, becoming the 47th largest importer of Natural Polymers in the world. At the same year, Natural Polymers was the 302nd most imported product in Ecuador. Ecuador imports Natural Polymers primarily from: China ($11.2M), United States ($541k), Colombia ($464k), Peru ($407k), and Singapore ($314k).

The fastest growing import markets in Natural Polymers for Ecuador between 2022 and 2023 were China ($1.56M), Singapore ($314k), and Colombia ($176k).

Latest Trends

August 2021

About

Overview In August 2021 Ecuador's Natural Polymers exports accounted up to $24.2k and imports accounted up to $355k, resulting in a negative trade balance of $331k. Between June 2019 and August 2021 the exports of Ecuador's   Natural Polymers have decreased by $-7.63k (-24%) from $31.8k to $24.2k, while imports increased by $288k (430%) from $67k to $355k.

Destinations In August 2021, Natural Polymers were exported mostly to , and were imported mostly from China ($203k), United States ($88.4k), Canada ($58.5k), Germany ($2.42k), and Mexico ($1.86k).

Growth In August 2021, the decrease in Natural Polymers's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Natural Polymers's year-by-year imports was explained primarily by an increase in imports from Belgium ($38.6k or 345%) and Austria ($18.1k or 98%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2019 - August 2021)$-7.63k(-24%)
IMPORT GROWTH (December 2020 - December 2021)$288k(430%)
MAIN DESTINATION (August 2021)

This section shows Natural Polymers'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 Natural Polymers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.19M
IMPORTS (2023)$13.9M
NET TRADE (2023)-$12.7M

In 2023, Ecuador exported $1.19M in Natural Polymers. The main destinations of Ecuador exports on Natural Polymers were Colombia ($707k), Peru ($480k), Guatemala ($1.63k), Chile ($120), and Mexico ($1).

In 2023, Ecuador imported $13.9M in Natural Polymers, mainly from China ($11.2M), United States ($541k), Colombia ($464k), Peru ($407k), and Singapore ($314k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Natural Polymers EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Colombia$379k (116%)
Peru$373k (350%)
Guatemala$1.63k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural Polymers BY Ecuador WERE (2022 - 2023):
Guyana-$219k (-100%)
Trinidad and Tobago-$132k (-100%)
Chile-$97k (-99.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Natural Polymers were:
China $1.45B
Sweden $381M
United States $338M
In 2023, Ecuador's main importing competitors in Natural Polymers were:
United States $465M
Japan $296M
Germany $230M

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Trade Value of Natural Polymers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $607
TOP IMPORT POTENTIALUnited States+ $154k

Natural Polymers’s highest export potential is Colombia. With an export gap of $607.   Natural Polymers’s highest import potential is United States with an import gap of $154k.

See methodology.

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