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2022
Exports $1.25MWorld Rnk 51 / 123
Flag Rnk 244 / 1017
2022
Destination $598k Peru
2021 - 2022
FASTEST GROWING MARKET $598kPeru
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $9.65MWorld Rnk 60 / 197
Flag Rnk 383 / 1175
2022
Origin $2.89M Peru
2021 - 2022
FASTEST GROWING ORIGIN $2.89MPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.25M in Petroleum Resins, making it the 51st largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 244th most exported product in Ecuador. The main destination of Petroleum Resins exports from Ecuador are: Peru ($1.22M), Czechia ($13.4k), and Colombia ($10.4k).

The fastest growing export markets for Petroleum Resins of Ecuador between 2021 and 2022 were Peru ($598k) and Colombia ($9.62k).

Imports In 2022, Ecuador imported $9.65M in Petroleum Resins, becoming the 60th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 383rd most imported product in Ecuador. Ecuador imports Petroleum Resins primarily from: Peru ($3.78M), United States ($1.4M), Colombia ($1.2M), Russia ($941k), and China ($695k).

The fastest growing import markets in Petroleum Resins for Ecuador between 2021 and 2022 were Peru ($2.89M), Colombia ($724k), and Russia ($570k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Petroleum Resins exports accounted up to $1.3k and imports accounted up to $397k, resulting in a negative trade balance of $396k. Between June 2019 and November 2021 the exports of Ecuador's   Petroleum Resins have decreased by $-11.7k (-90%) from $13k to $1.3k, while imports increased by $173k (77.3%) from $224k to $397k.

Destinations In November 2021, Petroleum Resins were exported mostly to , and were imported mostly from Germany ($158k), Russia ($77.7k), United States ($57.4k), Mexico ($34.6k), and Peru ($32.2k).

Growth In November 2021, the decrease in Petroleum Resins's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from Italy ($34.9k or 2.54k%), China ($17.6k or 182%), and Russia ($13.3k or 27.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2019 - November 2021)$-11.7k(-90%)
IMPORT GROWTH (December 2020 - December 2021)$173k(77.3%)
MAIN DESTINATION (November 2021)

This section shows Petroleum Resins'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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.25M
IMPORTS (2022)$9.65M
NET TRADE (2022)-$8.4M

In 2022, Ecuador exported $1.25M in Petroleum Resins. The main destinations of Ecuador exports on Petroleum Resins were Peru ($1.22M), Czechia ($13.4k), and Colombia ($10.4k).

In 2022, Ecuador imported $9.65M in Petroleum Resins, mainly from Peru ($3.78M), United States ($1.4M), Colombia ($1.2M), Russia ($941k), and China ($695k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$598k (95.6%)
Colombia$9.62k (1.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Ecuador WERE (2021 - 2022):
Czechia-$31k (-69.9%)
Spain-$1.46k (-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 Petroleum Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, Ecuador's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCzechia+ $15.3k
TOP IMPORT POTENTIALUnited States+ $617k

Petroleum Resins’s highest export potential is Czechia. With an export gap of $15.3k.   Petroleum Resins’s highest import potential is United States with an import gap of $617k.

See methodology.

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