2022
Exports
$31.1kWorld Rnk 71 / 158
Flag Rnk 667 / 1017
2022
PRODUCT COMPLEXITY IN Pastes and Waxes
1Rnk 171 / 1025
2022
Imports
$6.41MWorld Rnk 41 / 209
Flag Rnk 449 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $31.1k in Pastes and Waxes, making it the 71st largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 667th most exported product in Ecuador. The main destination of Pastes and Waxes exports from Ecuador are: United States ($30.9k), Slovenia ($85), Germany ($52), Chile ($45), and Panama ($19).

The fastest growing export markets for Pastes and Waxes of Ecuador between 2021 and 2022 were United States ($30.9k), Slovenia ($85), and Germany ($52).

Imports In 2022, Ecuador imported $6.41M in Pastes and Waxes, becoming the 41st largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 449th most imported product in Ecuador. Ecuador imports Pastes and Waxes primarily from: China ($3.54M), Mexico ($683k), Germany ($525k), Colombia ($401k), and Italy ($259k).

The fastest growing import markets in Pastes and Waxes for Ecuador between 2021 and 2022 were China ($2.92M), Mexico ($261k), and Colombia ($133k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Pastes and Waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$31.1k
IMPORTS (2022)$6.41M
NET TRADE (2022)-$6.38M

In 2022, Ecuador exported $31.1k in Pastes and Waxes. The main destinations of Ecuador exports on Pastes and Waxes were United States ($30.9k), Slovenia ($85), Germany ($52), Chile ($45), and Panama ($19).

In 2022, Ecuador imported $6.41M in Pastes and Waxes, mainly from China ($3.54M), Mexico ($683k), Germany ($525k), Colombia ($401k), and Italy ($259k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$30.9k (1%)
Slovenia$85 (1%)
Germany$52 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Ecuador WERE (2021 - 2022):
Singapore-$219 (-100%)
Bermuda-$141 (-100%)
Panama-$44 (-69.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ecuador's main exporting competitors in Pastes and Waxes were:
In 2022, Ecuador's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.6k
TOP IMPORT POTENTIALGermany+ $151k

Pastes and Waxes’s highest export potential is United States. With an export gap of $27.6k.   Pastes and Waxes’s highest import potential is Germany with an import gap of $151k.

See methodology.

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