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2022
Exports $114kWorld Rnk 75 / 144
Flag Rnk 527 / 1017
2022
Destination $94.2k United States
2021 - 2022
FASTEST GROWING MARKET $94.2kUnited States
2022
PRODUCT COMPLEXITY IN Waxes0.46Rnk 381 / 1025
2022
Imports $4.33MWorld Rnk 73 / 203
Flag Rnk 515 / 1175
2022
Origin $336k Germany
2021 - 2022
FASTEST GROWING ORIGIN $336kGermany
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $114k in Waxes, making it the 75th largest exporter of Waxes in the world. At the same year, Waxes was the 527th most exported product in Ecuador. The main destination of Waxes exports from Ecuador are: United States ($94.2k), South Africa ($8.42k), Colombia ($5.16k), Panama ($4.06k), and Costa Rica ($2.2k).

The fastest growing export markets for Waxes of Ecuador between 2021 and 2022 were United States ($94.2k), South Africa ($8.42k), and Colombia ($5.16k).

Imports In 2022, Ecuador imported $4.33M in Waxes, becoming the 73rd largest importer of Waxes in the world. At the same year, Waxes was the 515th most imported product in Ecuador. Ecuador imports Waxes primarily from: Germany ($977k), United States ($813k), China ($774k), Spain ($704k), and Denmark ($301k).

The fastest growing import markets in Waxes for Ecuador between 2021 and 2022 were Germany ($336k), Spain ($292k), and Denmark ($182k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Waxes exports accounted up to $4 and imports accounted up to $76.2k, resulting in a negative trade balance of $76.2k. Between August 2019 and December 2021 the exports of Ecuador's   Waxes have decreased by $-34.5 (-89.6%) from $38.5 to $4, while imports increased by $16.7k (28%) from $59.5k to $76.2k.

Destinations In December 2021, Waxes were exported mostly to Panama ($4), and were imported mostly from United States ($31.3k), Brazil ($24.6k), Germany ($13.6k), United Kingdom ($4.17k), and China ($2.63k).

Growth In December 2021, the decrease in Waxes's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Waxes's year-by-year imports was explained primarily by an increase in imports from Germany ($25.6k or 45.8%) and United States ($14.6k or 148%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2019 - December 2021)$-34.5(-89.6%)
IMPORT GROWTH (December 2020 - December 2021)$16.7k(28%)
MAIN DESTINATION (December 2021)Panama$4

This section shows Waxes'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 Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$114k
IMPORTS (2022)$4.33M
NET TRADE (2022)-$4.22M

In 2022, Ecuador exported $114k in Waxes. The main destinations of Ecuador exports on Waxes were United States ($94.2k), South Africa ($8.42k), Colombia ($5.16k), Panama ($4.06k), and Costa Rica ($2.2k).

In 2022, Ecuador imported $4.33M in Waxes, mainly from Germany ($977k), United States ($813k), China ($774k), Spain ($704k), and Denmark ($301k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$94.2k (1%)
South Africa$8.42k (1%)
Colombia$5.16k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Ecuador WERE (2021 - 2022):
Canada-$20.4k (-100%)
Panama-$208 (-4.87%)
Jamaica-$176 (-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 Waxes were:
Germany $806M
United States $613M
China $485M
In 2022, Ecuador's main importing competitors in Waxes were:
China $461M
United States $324M
Germany $251M

Explore Visualizations

Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $81.1k
TOP IMPORT POTENTIALUnited States+ $386k

Waxes’s highest export potential is United States. With an export gap of $81.1k.   Waxes’s highest import potential is United States with an import gap of $386k.

See methodology.

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