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2023
Exports $363kWorld Rnk 84 / 168
Flag Rnk 367 / 1002
2023
Destination $62.9k Brazil
2022 - 2023
FASTEST GROWING MARKET $62.9kBolivia
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.55Rnk 344 / 1025
2023
Imports $9.29MWorld Rnk 82 / 220
Flag Rnk 374 / 1173
2023
Origin $1.66M China
2022 - 2023
FASTEST GROWING ORIGIN $1.66MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $363k in Unpackaged Medicaments, making it the 84th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 367th most exported product in Ecuador. The main destination of Unpackaged Medicaments exports from Ecuador are: Brazil ($66.8k), Bolivia ($63k), Chile ($62.5k), Panama ($51.5k), and United States ($45.1k).

The fastest growing export markets for Unpackaged Medicaments of Ecuador between 2022 and 2023 were Bolivia ($62.9k), Chile ($57.6k), and United States ($45.1k).

Imports In 2023, Ecuador imported $9.29M in Unpackaged Medicaments, becoming the 82nd largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 374th most imported product in Ecuador. Ecuador imports Unpackaged Medicaments primarily from: China ($3.66M), United States ($1.87M), Peru ($1.09M), Colombia ($925k), and Poland ($604k).

The fastest growing import markets in Unpackaged Medicaments for Ecuador between 2022 and 2023 were China ($1.66M), United States ($1.44M), and Poland ($604k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Unpackaged Medicaments exports accounted up to $5 and imports accounted up to $295k, resulting in a negative trade balance of $295k. Between March 2019 and December 2021 the exports of Ecuador's   Unpackaged Medicaments have decreased by $-2.35k (-99.8%) from $2.35k to $5, while imports increased by $99.4k (50.9%) from $195k to $295k.

Destinations In December 2021, Unpackaged Medicaments were exported mostly to Panama ($5), and were imported mostly from Peru ($114k), Colombia ($56.8k), United States ($53.3k), Spain ($34.7k), and Canada ($23.7k).

Growth In December 2021, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Peru ($78.9k or 127%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2019 - December 2021)$-2.35k(-99.8%)
IMPORT GROWTH (December 2020 - December 2021)$99.4k(50.9%)
MAIN DESTINATION (December 2021)Panama$5

This section shows Unpackaged Medicaments'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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$363k
IMPORTS (2023)$9.29M
NET TRADE (2023)-$8.93M

In 2023, Ecuador exported $363k in Unpackaged Medicaments. The main destinations of Ecuador exports on Unpackaged Medicaments were Brazil ($66.8k), Bolivia ($63k), Chile ($62.5k), Panama ($51.5k), and United States ($45.1k).

In 2023, Ecuador imported $9.29M in Unpackaged Medicaments, mainly from China ($3.66M), United States ($1.87M), Peru ($1.09M), Colombia ($925k), and Poland ($604k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Bolivia$62.9k (203k%)
Chile$57.6k (1.18k%)
United States$45.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Ecuador WERE (2022 - 2023):
Switzerland-$139k (-100%)
Dominican Republic-$21.5k (-36.9%)
Belgium-$6.72k (-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 Unpackaged Medicaments were:
Ireland $3.03B
Portugal $2.97B
United States $2.92B
In 2023, Ecuador's main importing competitors in Unpackaged Medicaments were:
Belgium $3.73B
United States $2.15B
Canada $1.87B

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $49.1k
TOP IMPORT POTENTIALUnited States+ $484k

Unpackaged Medicaments’s highest export potential is Brazil. With an export gap of $49.1k.   Unpackaged Medicaments’s highest import potential is United States with an import gap of $484k.

See methodology.

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