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Pricing

2022
Exports $639kWorld Rnk 71 / 131
Flag Rnk 321 / 1017
2022
Destination $30k Peru
2021 - 2022
FASTEST GROWING MARKET $30kBolivia
2022
PRODUCT COMPLEXITY IN Rubber-2.24Rnk 1010 / 1025
2022
Imports $11.2MWorld Rnk 51 / 192
Flag Rnk 349 / 1175
2022
Origin $735k Guatemala
2021 - 2022
FASTEST GROWING ORIGIN $735kColombia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $639k in Rubber, making it the 71st largest exporter of Rubber in the world. At the same year, Rubber was the 321st most exported product in Ecuador. The main destination of Rubber exports from Ecuador are: Peru ($492k), Bolivia ($50.4k), Chile ($43.3k), Colombia ($39.7k), and Italy ($4.11k).

The fastest growing export markets for Rubber of Ecuador between 2021 and 2022 were Bolivia ($30k) and Italy ($4.11k).

Imports In 2022, Ecuador imported $11.2M in Rubber, becoming the 51st largest importer of Rubber in the world. At the same year, Rubber was the 349th most imported product in Ecuador. Ecuador imports Rubber primarily from: Guatemala ($5.54M), Indonesia ($3.97M), Colombia ($893k), Thailand ($441k), and Malaysia ($124k).

The fastest growing import markets in Rubber for Ecuador between 2021 and 2022 were Colombia ($735k), Thailand ($269k), and Indonesia ($129k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Rubber exports accounted up to $112k and imports accounted up to $1.69M, resulting in a negative trade balance of $1.58M. Between December 2020 and December 2021 the exports of Ecuador's   Rubber have increased by $94.9k (558%) from $17k to $112k, while imports increased by $1.43M (545%) from $262k to $1.69M.

Destinations In December 2021, Rubber were exported mostly to Peru ($77.5k) and Colombia ($34.4k), and were imported mostly from Guatemala ($821k), Indonesia ($773k), Colombia ($70.8k), China ($15.1k), and United States ($9.45k).

Growth In December 2021, the increase in Rubber's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from Guatemala ($401k or 718%) and United States ($726 or 26.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$94.9k(558%)
IMPORT GROWTH (December 2020 - December 2021)$1.43M(545%)
MAIN DESTINATION (December 2021)Peru$77.5k

This section shows Rubber'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 Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$639k
IMPORTS (2022)$11.2M
NET TRADE (2022)-$10.6M

In 2022, Ecuador exported $639k in Rubber. The main destinations of Ecuador exports on Rubber were Peru ($492k), Bolivia ($50.4k), Chile ($43.3k), Colombia ($39.7k), and Italy ($4.11k).

In 2022, Ecuador imported $11.2M in Rubber, mainly from Guatemala ($5.54M), Indonesia ($3.97M), Colombia ($893k), Thailand ($441k), and Malaysia ($124k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Bolivia$30k (147%)
Italy$4.11k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Ecuador WERE (2021 - 2022):
Colombia-$166k (-80.7%)
Peru-$147k (-22.9%)
Chile-$142k (-76.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Rubber were:
Thailand $5.47B
Indonesia $4.17B
Cote d'Ivoire $2.11B
In 2022, Ecuador's main importing competitors in Rubber were:
China $3.82B
United States $2.06B
Malaysia $1.42B

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $55.8k
TOP IMPORT POTENTIALIndonesia+ $985k

Rubber’s highest export potential is Colombia. With an export gap of $55.8k.   Rubber’s highest import potential is Indonesia with an import gap of $985k.

See methodology.

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