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2023
Exports $311kWorld Rnk 89 / 136
Flag Rnk 388 / 1002
2023
Destination $301k India
2022 - 2023
FASTEST GROWING MARKET $301kIndia
2023
PRODUCT COMPLEXITY IN Silver-0.85Rnk 794 / 1025
2023
Imports $697kWorld Rnk 94 / 179
Flag Rnk 816 / 1173
2023
Origin $216k United States
2022 - 2023
FASTEST GROWING ORIGIN $216kChile
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $311k in Silver, making it the 89th largest exporter of Silver in the world. At the same year, Silver was the 388th most exported product in Ecuador. The main destination of Silver exports from Ecuador are: India ($301k), United States ($9.65k), and United Arab Emirates ($917).

The fastest growing export markets for Silver of Ecuador between 2022 and 2023 were India ($301k).

Imports In 2023, Ecuador imported $697k in Silver, becoming the 94th largest importer of Silver in the world. At the same year, Silver was the 816th most imported product in Ecuador. Ecuador imports Silver primarily from: United States ($307k), Chile ($244k), China ($93.6k), Peru ($23.1k), and Chinese Taipei ($13.6k).

The fastest growing import markets in Silver for Ecuador between 2022 and 2023 were Chile ($216k), China ($50.1k), and Spain ($9.4k).

Latest Trends

July 2021

About

Overview In July 2021 Ecuador's Silver exports accounted up to $37.2k and imports accounted up to $16k, resulting in a positive trade balance of $21.2k. Between June 2020 and July 2021 the exports of Ecuador's   Silver have increased by $37.1k (84.9k%) from $43.8 to $37.2k, while imports decreased by $-9.27k (-36.7%) from $25.3k to $16k.

Destinations In July 2021, Silver were exported mostly to , and were imported mostly from Chile ($15.8k) and United States ($171).

Growth In July 2021, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Silver's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.75k or -34%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2020 - July 2021)$37.1k(84.9k%)
IMPORT GROWTH (December 2020 - December 2021)$-9.27k(-36.7%)
MAIN DESTINATION (July 2021)

This section shows Silver'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 Silver over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$311k
IMPORTS (2023)$697k
NET TRADE (2023)-$386k

In 2023, Ecuador exported $311k in Silver. The main destinations of Ecuador exports on Silver were India ($301k), United States ($9.65k), and United Arab Emirates ($917).

In 2023, Ecuador imported $697k in Silver, mainly from United States ($307k), Chile ($244k), China ($93.6k), Peru ($23.1k), and Chinese Taipei ($13.6k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):India$301k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Ecuador WERE (2022 - 2023):
United States-$976k (-99%)
United Kingdom-$21.5k (-100%)
United Arab Emirates-$1.94k (-67.9%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Silver were:
China $4.69B
Mexico $2.84B
South Korea $1.96B
In 2023, Ecuador's main importing competitors in Silver were:
United States $5.99B
United Kingdom $3.5B
Hong Kong $2.87B

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.47M
TOP IMPORT POTENTIALUnited States+ $193k

Silver’s highest export potential is United States. With an export gap of $1.47M.   Silver’s highest import potential is United States with an import gap of $193k.

See methodology.

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