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2022
Exports $5.89MWorld Rnk 66 / 181
Flag Rnk 122 / 1017
2022
Destination $401k Canada
2021 - 2022
FASTEST GROWING MARKET $401kCanada
2022
PRODUCT COMPLEXITY IN Scrap Plastic-0.71Rnk 759 / 1025
2022
Imports $4.16MWorld Rnk 65 / 188
Flag Rnk 528 / 1175
2022
Origin $748k United States
2021 - 2022
FASTEST GROWING ORIGIN $748kColombia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $5.89M in Scrap Plastic, making it the 66th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 122nd most exported product in Ecuador. The main destination of Scrap Plastic exports from Ecuador are: Canada ($2.8M), United States ($2.24M), Chile ($271k), Peru ($232k), and Malaysia ($220k).

The fastest growing export markets for Scrap Plastic of Ecuador between 2021 and 2022 were Canada ($401k), Malaysia ($200k), and South Korea ($44.6k).

Imports In 2022, Ecuador imported $4.16M in Scrap Plastic, becoming the 65th largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 528th most imported product in Ecuador. Ecuador imports Scrap Plastic primarily from: United States ($1.39M), Colombia ($995k), Dominican Republic ($541k), El Salvador ($465k), and Indonesia ($413k).

The fastest growing import markets in Scrap Plastic for Ecuador between 2021 and 2022 were Colombia ($748k), Indonesia ($192k), and Chile ($83.2k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Scrap Plastic exports accounted up to $379k and imports accounted up to $323k, resulting in a positive trade balance of $55.8k. Between December 2020 and December 2021 the exports of Ecuador's   Scrap Plastic have decreased by $-250k (-39.8%) from $629k to $379k, while imports increased by $99.1k (44.2%) from $224k to $323k.

Destinations In December 2021, Scrap Plastic were exported mostly to United States ($290k), India ($87.4k), and Malaysia ($1.96k), and were imported mostly from Dominican Republic ($111k), United States ($99.6k), Colombia ($79.7k), Chile ($19.2k), and Spain ($8.61k).

Growth In December 2021, the decrease in Scrap Plastic's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-108k or -84.5%). In December 2021, the increase in Scrap Plastic's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-250k(-39.8%)
IMPORT GROWTH (December 2020 - December 2021)$99.1k(44.2%)
MAIN DESTINATION (December 2021)United States$290k

This section shows Scrap Plastic'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 Scrap Plastic over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.89M
IMPORTS (2022)$4.16M
NET TRADE (2022)$1.73M

In 2022, Ecuador exported $5.89M in Scrap Plastic. The main destinations of Ecuador exports on Scrap Plastic were Canada ($2.8M), United States ($2.24M), Chile ($271k), Peru ($232k), and Malaysia ($220k).

In 2022, Ecuador imported $4.16M in Scrap Plastic, mainly from United States ($1.39M), Colombia ($995k), Dominican Republic ($541k), El Salvador ($465k), and Indonesia ($413k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Plastic EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Canada$401k (16.7%)
Malaysia$200k (1.02k%)
South Korea$44.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Plastic BY Ecuador WERE (2021 - 2022):
Brazil-$560k (-100%)
United Kingdom-$468k (-100%)
Latvia-$406k (-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 Scrap Plastic were:
Germany $355M
Netherlands $309M
United States $290M
In 2022, Ecuador's main importing competitors in Scrap Plastic were:
United States $331M
Germany $305M
Netherlands $295M

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Trade Value of Scrap Plastic by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $549k
TOP IMPORT POTENTIALColombia+ $101k

Scrap Plastic’s highest export potential is Canada. With an export gap of $549k.   Scrap Plastic’s highest import potential is Colombia with an import gap of $101k.

See methodology.

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