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2022
Exports $315kWorld Rnk 90 / 144
Flag Rnk 412 / 1017
2022
Destination $21.5k United States
2021 - 2022
FASTEST GROWING MARKET $21.5kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Silver-0.98Rnk 832 / 1025
2022
Imports $674kWorld Rnk 89 / 182
Flag Rnk 829 / 1175
2022
Origin $141k United States
2021 - 2022
FASTEST GROWING ORIGIN $141kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $315k in Silver, making it the 90th largest exporter of Silver in the world. At the same year, Silver was the 412th most exported product in Ecuador. The main destination of Silver exports from Ecuador are: United States ($290k), United Kingdom ($21.5k), United Arab Emirates ($2.86k), and Nicaragua ($966).

The fastest growing export markets for Silver of Ecuador between 2021 and 2022 were United Kingdom ($21.5k) and Nicaragua ($966).

Imports In 2022, Ecuador imported $674k in Silver, becoming the 89th largest importer of Silver in the world. At the same year, Silver was the 829th most imported product in Ecuador. Ecuador imports Silver primarily from: United States ($431k), Chile ($139k), China ($43.4k), Colombia ($21k), and Chinese Taipei ($15.6k).

The fastest growing import markets in Silver for Ecuador between 2021 and 2022 were United States ($141k), Colombia ($15.6k), and China ($12.8k).

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 (2022)$315k
IMPORTS (2022)$674k
NET TRADE (2022)-$359k

In 2022, Ecuador exported $315k in Silver. The main destinations of Ecuador exports on Silver were United States ($290k), United Kingdom ($21.5k), United Arab Emirates ($2.86k), and Nicaragua ($966).

In 2022, Ecuador imported $674k in Silver, mainly from United States ($431k), Chile ($139k), China ($43.4k), Colombia ($21k), and Chinese Taipei ($15.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United Kingdom$21.5k (1%)
Nicaragua$966 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Ecuador WERE (2021 - 2022):
United Arab Emirates-$227k (-98.8%)
United States-$225k (-43.8%)
Panama-$18.9k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Silver were:
China $3.75B
United Kingdom $3.2B
Mexico $2.49B
In 2022, Ecuador's main importing competitors in Silver were:
United States $5.81B
Canada $3.77B
Hong Kong $2.95B

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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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