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2022
Exports $6.06MWorld Rnk 102 / 214
Flag Rnk 58 / 95
2022
Destination $960k Venezuela
2021 - 2022
FASTEST GROWING MARKET $960kVenezuela
2022
PRODUCT COMPLEXITY IN Organic chemicals1.95Rnk 8 / 1025
2022
Imports $552MWorld Rnk 61 / 225
Flag Rnk 15 / 96
2022
Origin $71.4M China
2021 - 2022
FASTEST GROWING ORIGIN $71.4MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $6.06M in Organic chemicals, making it the 102nd largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 58th most exported product in Ecuador. The main destination of Organic chemicals exports from Ecuador are: Venezuela ($1.7M), Peru ($787k), United States ($639k), Colombia ($567k), and India ($553k).

The fastest growing export markets for Organic chemicals of Ecuador between 2021 and 2022 were Venezuela ($960k), India ($553k), and United Kingdom ($77.8k).

Imports In 2022, Ecuador imported $552M in Organic chemicals, becoming the 61st largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 15th most imported product in Ecuador. Ecuador imports Organic chemicals primarily from: China ($221M), United States ($69.7M), India ($29.4M), Colombia ($22.7M), and Belgium ($19.2M).

The fastest growing import markets in Organic chemicals for Ecuador between 2021 and 2022 were China ($71.4M), India ($10.7M), and Argentina ($10.3M).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (137), Continental Tire (48), and Chiquita (5) were at the forefront of shipping Organic chemicals from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Organic chemicals exports accounted up to $271k and imports accounted up to $40.9M, resulting in a negative trade balance of $40.7M. Between December 2020 and December 2021 the exports of Ecuador's   Organic chemicals have decreased by $-50.3k (-15.7%) from $321k to $271k, while imports increased by $14.6M (55.2%) from $26.4M to $40.9M.

Destinations In December 2021, Organic chemicals were exported mostly to Venezuela ($93.3k), Costa Rica ($68.8k), Peru ($35.1k), Chile ($22.5k), and United States ($18.8k), and were imported mostly from China ($14M), United States ($7.49M), South Korea ($3.19M), Netherlands ($2.02M), and Brazil ($1.8M).

Growth In December 2021, the decrease in Organic chemicals's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-2.95k or -98.3%) and Dominican Republic ($-2.85k or -26.3%). In December 2021, the increase in Organic chemicals's year-by-year imports was explained primarily by an increase in imports from United States ($714k or 29.5%), Argentina ($399k or 93.2%), and Trinidad and Tobago ($375k or 98.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-50.3k(-15.7%)
IMPORT GROWTH (December 2020 - December 2021)$14.6M(55.2%)
MAIN DESTINATION (December 2021)Venezuela$93.3k

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.06M
IMPORTS (2022)$552M
NET TRADE (2022)-$545M

In 2022, Ecuador exported $6.06M in Organic chemicals. The main destinations of Ecuador exports on Organic chemicals were Venezuela ($1.7M), Peru ($787k), United States ($639k), Colombia ($567k), and India ($553k).

In 2022, Ecuador imported $552M in Organic chemicals, mainly from China ($221M), United States ($69.7M), India ($29.4M), Colombia ($22.7M), and Belgium ($19.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Venezuela$960k (129%)
India$553k (864k%)
United Kingdom$77.8k (39.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Ecuador WERE (2021 - 2022):
Colombia-$335k (-37.1%)
Denmark-$304k (-100%)
Honduras-$201k (-44.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Organic chemicals were:
China $110B
United States $51.7B
Ireland $45.7B
In 2022, Ecuador's main importing competitors in Organic chemicals were:
United States $68.6B
China $51.6B
Germany $47.2B

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $243k
TOP IMPORT POTENTIALChina+ $22.5M

Organic chemicals’s highest export potential is United States. With an export gap of $243k.   Organic chemicals’s highest import potential is China with an import gap of $22.5M.

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