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2023
Exports $12.2MWorld Rnk 51 / 151
Flag Rnk 78 / 1002
2023
Destination $234k United States
2022 - 2023
FASTEST GROWING MARKET $234kCosta Rica
2023
PRODUCT COMPLEXITY IN Wood Fiberboard-0.15Rnk 606 / 1025
2023
Imports $20MWorld Rnk 80 / 217
Flag Rnk 225 / 1173
2023
Origin $53.4k China
2022 - 2023
FASTEST GROWING ORIGIN $53.4kUnited States
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $12.2M in Wood Fiberboard, making it the 51st largest exporter of Wood Fiberboard in the world. At the same year, Wood Fiberboard was the 78th most exported product in Ecuador. The main destination of Wood Fiberboard exports from Ecuador are: United States ($5.59M), Canada ($2.45M), Honduras ($1.1M), Panama ($844k), and Colombia ($830k).

The fastest growing export markets for Wood Fiberboard of Ecuador between 2022 and 2023 were Costa Rica ($234k), Guatemala ($118k), and Venezuela ($72.9k).

Imports In 2023, Ecuador imported $20M in Wood Fiberboard, becoming the 80th largest importer of Wood Fiberboard in the world. At the same year, Wood Fiberboard was the 225th most imported product in Ecuador. Ecuador imports Wood Fiberboard primarily from: China ($7.54M), Brazil ($5.64M), Chile ($3.75M), Turkey ($988k), and Germany ($737k).

The fastest growing import markets in Wood Fiberboard for Ecuador between 2022 and 2023 were United States ($53.4k), Mexico ($18.8k), and India ($18k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Wood Fiberboard exports accounted up to $1.44M and imports accounted up to $1.83M, resulting in a negative trade balance of $395k. Between December 2020 and December 2021 the exports of Ecuador's   Wood Fiberboard have increased by $484k (50.7%) from $955k to $1.44M, while imports decreased by $-91.9k (-4.78%) from $1.93M to $1.83M.

Destinations In December 2021, Wood Fiberboard were exported mostly to United States ($517k), Canada ($456k), Colombia ($181k), Peru ($135k), and Chile ($76.9k), and were imported mostly from Brazil ($574k), China ($360k), Chile ($318k), Germany ($201k), and Turkey ($195k).

Growth In December 2021, the increase in Wood Fiberboard's year-by-year exports was explained primarily by an increase in exports to United States ($73.8k or 38%). In December 2021, the decrease in Wood Fiberboard's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-389k or -30.1%), Chile ($-193k or -36.3%), and Colombia ($-31.3k or -58.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$484k(50.7%)
IMPORT GROWTH (December 2020 - December 2021)$-91.9k(-4.78%)
MAIN DESTINATION (December 2021)United States$517k

This section shows Wood Fiberboard'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 Wood Fiberboard over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$12.2M
IMPORTS (2023)$20M
NET TRADE (2023)-$7.77M

In 2023, Ecuador exported $12.2M in Wood Fiberboard. The main destinations of Ecuador exports on Wood Fiberboard were United States ($5.59M), Canada ($2.45M), Honduras ($1.1M), Panama ($844k), and Colombia ($830k).

In 2023, Ecuador imported $20M in Wood Fiberboard, mainly from China ($7.54M), Brazil ($5.64M), Chile ($3.75M), Turkey ($988k), and Germany ($737k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Fiberboard EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Costa Rica$234k (5.92k%)
Guatemala$118k (1%)
Venezuela$72.9k (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Fiberboard BY Ecuador WERE (2022 - 2023):
United States-$5.06M (-47.5%)
Canada-$2.03M (-45.3%)
Chile-$412k (-93.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Wood Fiberboard were:
Germany $1.74B
China $1.06B
Turkey $899M
In 2023, Ecuador's main importing competitors in Wood Fiberboard were:
United States $1.37B
United Kingdom $568M
France $549M

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Trade Value of Wood Fiberboard by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.54M
TOP IMPORT POTENTIALGermany+ $675k

Wood Fiberboard’s highest export potential is United States. With an export gap of $4.54M.   Wood Fiberboard’s highest import potential is Germany with an import gap of $675k.

See methodology.

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