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2022
Exports $6.79MWorld Rnk 68 / 202
Flag Rnk 113 / 1017
2022
Destination $2.27M Cuba
2021 - 2022
FASTEST GROWING MARKET $2.27MCuba
2022
PRODUCT COMPLEXITY IN Soap-1.11Rnk 858 / 1025
2022
Imports $26.1MWorld Rnk 81 / 223
Flag Rnk 197 / 1175
2022
Origin $2.47M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $2.47MColombia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $6.79M in Soap, making it the 68th largest exporter of Soap in the world. At the same year, Soap was the 113th most exported product in Ecuador. The main destination of Soap exports from Ecuador are: Cuba ($3.6M), Colombia ($1.08M), Panama ($1.02M), Peru ($307k), and Venezuela ($280k).

The fastest growing export markets for Soap of Ecuador between 2021 and 2022 were Cuba ($2.27M), Venezuela ($193k), and Peru ($175k).

Imports In 2022, Ecuador imported $26.1M in Soap, becoming the 81st largest importer of Soap in the world. At the same year, Soap was the 197th most imported product in Ecuador. Ecuador imports Soap primarily from: Colombia ($15.1M), China ($4.91M), Brazil ($2.68M), Guatemala ($676k), and Mexico ($551k).

The fastest growing import markets in Soap for Ecuador between 2021 and 2022 were Colombia ($2.47M), Turkey ($230k), and Mexico ($224k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Soap exports accounted up to $408k and imports accounted up to $3.1M, resulting in a negative trade balance of $2.7M. Between December 2020 and December 2021 the exports of Ecuador's   Soap have decreased by $-34.1k (-7.71%) from $442k to $408k, while imports increased by $67.3k (2.22%) from $3.04M to $3.1M.

Destinations In December 2021, Soap were exported mostly to Cuba ($207k), Panama ($141k), Venezuela ($50k), Peru ($9.43k), and Bolivia ($1.08k), and were imported mostly from Colombia ($1.88M), Brazil ($679k), China ($198k), Guatemala ($108k), and Mexico ($54.8k).

Growth In December 2021, the decrease in Soap's year-by-year exports was explained primarily by a decrease in exports to Panama ($-24k or -26.4%). In December 2021, the increase in Soap's year-by-year imports was explained primarily by an increase in imports from Colombia ($848k or 98%), Brazil ($105k or 82%), and Netherlands ($105k or 308%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-34.1k(-7.71%)
IMPORT GROWTH (December 2020 - December 2021)$67.3k(2.22%)
MAIN DESTINATION (December 2021)Cuba$207k

This section shows Soap'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 Soap over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.79M
IMPORTS (2022)$26.1M
NET TRADE (2022)-$19.3M

In 2022, Ecuador exported $6.79M in Soap. The main destinations of Ecuador exports on Soap were Cuba ($3.6M), Colombia ($1.08M), Panama ($1.02M), Peru ($307k), and Venezuela ($280k).

In 2022, Ecuador imported $26.1M in Soap, mainly from Colombia ($15.1M), China ($4.91M), Brazil ($2.68M), Guatemala ($676k), and Mexico ($551k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soap EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Cuba$2.27M (171%)
Venezuela$193k (222%)
Peru$175k (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap BY Ecuador WERE (2021 - 2022):
Colombia-$141k (-11.6%)
Honduras-$8.3k (-100%)
Nicaragua-$6.79k (-61.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Soap were:
Indonesia $860M
China $841M
Germany $664M
In 2022, Ecuador's main importing competitors in Soap were:
United States $730M
Germany $489M
Canada $321M

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Trade Value of Soap by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $294k
TOP IMPORT POTENTIALChina+ $901k

Soap’s highest export potential is Colombia. With an export gap of $294k.   Soap’s highest import potential is China with an import gap of $901k.

See methodology.

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