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2022
Exports $3MWorld Rnk 35 / 109
Flag Rnk 164 / 1017
2022
Destination $930k Dominican Republic
2021 - 2022
FASTEST GROWING MARKET $930kDominican Republic
2022
PRODUCT COMPLEXITY IN Nitrites and Nitrates-0.15Rnk 597 / 1025
2022
Imports $20.4MWorld Rnk 25 / 183
Flag Rnk 241 / 1175
2022
Origin $5.14M Chile
2021 - 2022
FASTEST GROWING ORIGIN $5.14MChile
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $3M in Nitrites and Nitrates, making it the 35th largest exporter of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 164th most exported product in Ecuador. The main destination of Nitrites and Nitrates exports from Ecuador are: Dominican Republic ($930k), Guatemala ($897k), Honduras ($632k), Nicaragua ($472k), and El Salvador ($38.8k).

The fastest growing export markets for Nitrites and Nitrates of Ecuador between 2021 and 2022 were Dominican Republic ($930k), Guatemala ($897k), and Honduras ($632k).

Imports In 2022, Ecuador imported $20.4M in Nitrites and Nitrates, becoming the 25th largest importer of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 241st most imported product in Ecuador. Ecuador imports Nitrites and Nitrates primarily from: Chile ($14.9M), China ($2.6M), United States ($912k), Jordan ($527k), and Poland ($356k).

The fastest growing import markets in Nitrites and Nitrates for Ecuador between 2021 and 2022 were Chile ($5.14M), China ($1.81M), and Jordan ($402k).

Latest Trends

March 2021

About

Overview In March 2021 Ecuador's Nitrites and Nitrates exports accounted up to $96.3k and imports accounted up to $709k, resulting in a negative trade balance of $612k. Between April 2016 and March 2021 the exports of Ecuador's   Nitrites and Nitrates have increased by $96.3k (139k%) from $69.1 to $96.3k, while imports increased by $556k (363%) from $153k to $709k.

Destinations In March 2021, Nitrites and Nitrates were exported mostly to , and were imported mostly from United States ($399k), China ($115k), Jordan ($114k), India ($78.8k), and Mexico ($1.11k).

Growth In March 2021, the increase in Nitrites and Nitrates's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Nitrites and Nitrates's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2016 - March 2021)$96.3k(139k%)
IMPORT GROWTH (December 2020 - December 2021)$556k(363%)
MAIN DESTINATION (March 2021)

This section shows Nitrites and Nitrates'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 Nitrites and Nitrates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3M
IMPORTS (2022)$20.4M
NET TRADE (2022)-$17.4M

In 2022, Ecuador exported $3M in Nitrites and Nitrates. The main destinations of Ecuador exports on Nitrites and Nitrates were Dominican Republic ($930k), Guatemala ($897k), Honduras ($632k), Nicaragua ($472k), and El Salvador ($38.8k).

In 2022, Ecuador imported $20.4M in Nitrites and Nitrates, mainly from Chile ($14.9M), China ($2.6M), United States ($912k), Jordan ($527k), and Poland ($356k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrites and Nitrates EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Dominican Republic$930k (1%)
Guatemala$897k (1%)
Honduras$632k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrites and Nitrates BY Ecuador WERE (2021 - 2022):El Salvador-$14.1k (-26.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Nitrites and Nitrates were:
Chile $587M
China $269M
Israel $187M
In 2022, Ecuador's main importing competitors in Nitrites and Nitrates were:
Netherlands $269M
Spain $201M
United States $160M

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Trade Value of Nitrites and Nitrates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $12.2k
TOP IMPORT POTENTIALChina+ $227k

Nitrites and Nitrates’s highest export potential is Peru. With an export gap of $12.2k.   Nitrites and Nitrates’s highest import potential is China with an import gap of $227k.

See methodology.

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