Industrial Fatty Acids, Oils and Alcohols in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $3.31M in Industrial Fatty Acids, Oils and Alcohols, making it the 112th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 157th most exported product in Ecuador. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Ecuador are: Peru ($1.68M), Colombia ($1.06M), Chile ($136k), Costa Rica ($105k), and Argentina ($72k).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Ecuador between 2021 and 2022 were Peru ($339k), Chile ($136k), and Costa Rica ($96.7k).

Imports In 2022, Ecuador imported $83.7M in Industrial Fatty Acids, Oils and Alcohols, becoming the 73rd largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 63rd most imported product in Ecuador. Ecuador imports Industrial Fatty Acids, Oils and Alcohols primarily from: United States ($17.3M), China ($16.5M), Germany ($9.9M), Colombia ($9.63M), and Spain ($4.97M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Ecuador between 2021 and 2022 were China ($7.37M), Germany ($2.73M), and Colombia ($1.67M).

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Industrial Fatty Acids, Oils and Alcohols exports accounted up to $914k and imports accounted up to $94.8k, resulting in a positive trade balance of $819k. Between December 2020 and December 2021 the exports of Ecuador's Industrial Fatty Acids, Oils and Alcohols have decreased by $-33.2k (-3.5%) from $947k to $914k, while imports increased by $71.6k (309%) from $23.2k to $94.8k.

Destinations In December 2021, Industrial Fatty Acids, Oils and Alcohols were exported mostly to Netherlands ($883k) and Colombia ($30.5k), and were imported mostly from Malaysia ($32.8k), United States ($31.4k), Spain ($18.2k), Germany ($8.01k), and India ($4.42k).

Growth In December 2021, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-10.6k or -2.63%). In December 2021, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by an increase in imports from United States ($19.9k or 70.3%) and India ($3.16k or 5.09k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$-33.2k(-3.5%)

IMPORT GROWTH (December 2020 - December 2021)$71.6k(309%)

MAIN DESTINATION (December 2021)Netherlands$883k

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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