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2023
Exports $160kWorld Rnk 108 / 186
Flag Rnk 474 / 1002
2023
Destination $49k United States
2022 - 2023
FASTEST GROWING MARKET $49kUnited Kingdom
2023
PRODUCT COMPLEXITY IN Salt-1.25Rnk 889 / 1025
2023
Imports $8.61MWorld Rnk 71 / 222
Flag Rnk 390 / 1173
2023
Origin $4.43M Peru
2022 - 2023
FASTEST GROWING ORIGIN $4.43MPeru
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $160k in Salt, making it the 108th largest exporter of Salt in the world. At the same year, Salt was the 474th most exported product in Ecuador. The main destination of Salt exports from Ecuador are: United States ($57.8k), United Kingdom ($49k), Peru ($23.7k), Sierra Leone ($20.3k), and Netherlands ($9.12k).

The fastest growing export markets for Salt of Ecuador between 2022 and 2023 were United Kingdom ($49k), Sierra Leone ($20.3k), and Netherlands ($5.8k).

Imports In 2023, Ecuador imported $8.61M in Salt, becoming the 71st largest importer of Salt in the world. At the same year, Salt was the 390th most imported product in Ecuador. Ecuador imports Salt primarily from: Peru ($6.26M), Chile ($1.18M), Colombia ($367k), Denmark ($288k), and Germany ($215k).

The fastest growing import markets in Salt for Ecuador between 2022 and 2023 were Peru ($4.43M), Denmark ($199k), and Colombia ($56.3k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Salt exports accounted up to $24.2k and imports accounted up to $70.4k, resulting in a negative trade balance of $46.2k. Between November 2020 and December 2021 the exports of Ecuador's   Salt have decreased by $-13.4k (-35.6%) from $37.5k to $24.2k, while imports increased by $34.2k (94.7%) from $36.2k to $70.4k.

Destinations In December 2021, Salt were exported mostly to Rest of the world ($24.2k) and Panama ($5), and were imported mostly from Colombia ($33.1k), Germany ($15.1k), Pakistan ($13.6k), and Denmark ($8.59k).

Growth In December 2021, the decrease in Salt's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Salt's year-by-year imports was explained primarily by an increase in imports from Germany ($22k or 77.4k%) and Pakistan ($6.02k or 124%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - December 2021)$-13.4k(-35.6%)
IMPORT GROWTH (December 2020 - December 2021)$34.2k(94.7%)
MAIN DESTINATION (December 2021)Rest of the world$24.2k

This section shows Salt'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 Salt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$160k
IMPORTS (2023)$8.61M
NET TRADE (2023)-$8.45M

In 2023, Ecuador exported $160k in Salt. The main destinations of Ecuador exports on Salt were United States ($57.8k), United Kingdom ($49k), Peru ($23.7k), Sierra Leone ($20.3k), and Netherlands ($9.12k).

In 2023, Ecuador imported $8.61M in Salt, mainly from Peru ($6.26M), Chile ($1.18M), Colombia ($367k), Denmark ($288k), and Germany ($215k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Salt EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United Kingdom$49k (1%)
Sierra Leone$20.3k (1%)
Netherlands$5.8k (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Salt BY Ecuador WERE (2022 - 2023):
United States-$18.2k (-24%)
Maldives-$2.27k (-100%)
Portugal-$210 (-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 Salt were:
Australia $570M
India $446M
Netherlands $401M
In 2023, Ecuador's main importing competitors in Salt were:
United States $651M
China $405M
Japan $338M

Explore Visualizations

Trade Value of Salt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $136k
TOP IMPORT POTENTIALUnited States+ $118k

Salt’s highest export potential is United States. With an export gap of $136k.   Salt’s highest import potential is United States with an import gap of $118k.

See methodology.

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