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falsefalse Guatemala
2021 - 2022
FASTEST GROWING MARKETfalseGuatemala
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
ImportsfalseWorld Rnk 25 / 193
Flag Rnk 398 / 1175
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported N/A in Molasses, making it the 114th largest exporter of Molasses in the world. At the same year, Molasses was the 800th most exported product in Ecuador. The main destination of Molasses exports from Ecuador are: Guatemala ($6.2k), Spain ($1.66k), and South Africa ($1).

The fastest growing export markets for Molasses of Ecuador between 2021 and 2022 were Guatemala ($6.2k), Spain ($1.25k), and South Africa ($1).

Imports In 2022, Ecuador imported $8.75M in Molasses, becoming the 25th largest importer of Molasses in the world. At the same year, Molasses was the 398th most imported product in Ecuador. Ecuador imports Molasses primarily from: Peru ($8.57M) and Colombia ($179k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Molasses exports accounted up to $1.26k and imports accounted up to $543k, resulting in a negative trade balance of $541k. Between February 2015 and December 2021 the exports of Ecuador's   Molasses have decreased by $-3.33k (-72.5%) from $4.59k to $1.26k, while imports increased by $217k (66.5%) from $326k to $543k.

Destinations In December 2021, Molasses were exported mostly to United States ($1.26k), and were imported mostly from Peru ($517k) and Colombia ($25.5k).

Growth In December 2021, the decrease in Molasses's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Molasses's year-by-year imports was explained primarily by an increase in imports from Peru ($28.7k or 6.71%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2015 - December 2021)$-3.33k(-72.5%)
IMPORT GROWTH (December 2020 - December 2021)$217k(66.5%)
MAIN DESTINATION (December 2021)United States$1.26k

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$8.75M

In N/A, Ecuador exported N/A in Molasses. The main destinations of Ecuador exports on Molasses were Guatemala ($6.2k), Spain ($1.66k), and South Africa ($1).

In 2022, Ecuador imported $8.75M in Molasses, mainly from Peru ($8.57M) and Colombia ($179k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Guatemala$6.2k (1%)
Spain$1.25k (307%)
South Africa$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Ecuador WERE (2021 - 2022):
Canada-$3.9k (-100%)
United States-$2.08k (-100%)
Panama-$142 (-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 Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, Ecuador's main importing competitors in Molasses were:
United States $180M
United Kingdom $135M
Netherlands $112M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $2.36k
TOP IMPORT POTENTIALColombia+ $76.7k

Molasses’s highest export potential is Spain. With an export gap of $2.36k.   Molasses’s highest import potential is Colombia with an import gap of $76.7k.

See methodology.

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