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2022
Exports $57.5kWorld Rnk 92 / 157
Flag Rnk 607 / 1017
2022
Destination $22.7k Colombia
2021 - 2022
FASTEST GROWING MARKET $22.7kColombia
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $10.4MWorld Rnk 62 / 215
Flag Rnk 359 / 1175
2022
Origin $935k China
2021 - 2022
FASTEST GROWING ORIGIN $935kIndia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $57.5k in Silicone, making it the 92nd largest exporter of Silicone in the world. At the same year, Silicone was the 607th most exported product in Ecuador. The main destination of Silicone exports from Ecuador are: Colombia ($46k), Nicaragua ($2.78k), Egypt ($2.04k), Panama ($2.02k), and Switzerland ($1.12k).

The fastest growing export markets for Silicone of Ecuador between 2021 and 2022 were Colombia ($22.7k), Nicaragua ($2.78k), and Egypt ($2.04k).

Imports In 2022, Ecuador imported $10.4M in Silicone, becoming the 62nd largest importer of Silicone in the world. At the same year, Silicone was the 359th most imported product in Ecuador. Ecuador imports Silicone primarily from: China ($4.35M), United States ($1.77M), India ($1.11M), Colombia ($492k), and Spain ($432k).

The fastest growing import markets in Silicone for Ecuador between 2021 and 2022 were India ($935k), China ($298k), and Colombia ($255k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Silicone exports accounted up to $21.8k and imports accounted up to $1.34M, resulting in a negative trade balance of $1.32M. Between September 2020 and December 2021 the exports of Ecuador's   Silicone have increased by $4.56k (26.4%) from $17.3k to $21.8k, while imports increased by $802k (150%) from $536k to $1.34M.

Destinations In December 2021, Silicone were exported mostly to Peru ($21.8k), and were imported mostly from China ($1.07M), United States ($154k), Italy ($70.1k), Germany ($15.5k), and Netherlands ($12.2k).

Growth In December 2021, the increase in Silicone's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from United States ($276k or 79.8%), China ($229k or 72.8%), and Germany ($114k or 942%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2020 - December 2021)$4.56k(26.4%)
IMPORT GROWTH (December 2020 - December 2021)$802k(150%)
MAIN DESTINATION (December 2021)Peru$21.8k

This section shows Silicone'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 Silicone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.5k
IMPORTS (2022)$10.4M
NET TRADE (2022)-$10.4M

In 2022, Ecuador exported $57.5k in Silicone. The main destinations of Ecuador exports on Silicone were Colombia ($46k), Nicaragua ($2.78k), Egypt ($2.04k), Panama ($2.02k), and Switzerland ($1.12k).

In 2022, Ecuador imported $10.4M in Silicone, mainly from China ($4.35M), United States ($1.77M), India ($1.11M), Colombia ($492k), and Spain ($432k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$22.7k (97.3%)
Nicaragua$2.78k (1%)
Egypt$2.04k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Ecuador WERE (2021 - 2022):
Peru-$25.6k (-97.7%)
Ireland-$13.8k (-100%)
Panama-$2.35k (-53.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Silicone were:
China $2.2B
Germany $2.07B
United States $1.55B
In 2022, Ecuador's main importing competitors in Silicone were:
United States $1.2B
China $1B
South Korea $600M

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $2.35k
TOP IMPORT POTENTIALChina+ $732k

Silicone’s highest export potential is Canada. With an export gap of $2.35k.   Silicone’s highest import potential is China with an import gap of $732k.

See methodology.

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