Ecuador | Imports and Exports | World | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" from Ecuador totalled $ 8.98 billion in 2023. Sales of commodity group 27 from Ecuador decreased by 28% in value terms compared to 2022. exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" decreased by $ 3.57 billion (cumulative exports of commodity group 27 from Ecuador amounted $12.5 billion in 2022)
Exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" amounted to 28% of total exports from Ecuador (cumulative merchandise exports from Ecuador totalled $ 31 billion in 2023). The share of commodity group 27 in total exports from Ecuador decreased by 6.62 p.p. compared to 2022 (it was 35% in 2022 and cumulative exports from Ecuador were equal to $ 35 billion).
Where does Ecuador export Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes?
Top export destinations of "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" from Ecuador in 2023:
- Panama with a share of 48% (4.37 billion US$)
- USA with a share of 33% (2.98 billion US$)
- Chile with a share of 6.57% (590 million US$)
- Peru with a share of 6.32% (568 million US$)
- Guatemala - 85 million US$
- Nicaragua - 63 million US$
- India - 59 million US$
- Canada - 53 million US$
- Colombia - 42 million US$
- Côte d`Ivoire - 40 million US$
Exports structure of 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes - from Ecuador in 2023 represented by the following main commodity groups:
- 87% (7.82 billion US$): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
- 12.5% (1.12 billion US$): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
- 0.399% (35 million US$): 2716 - Electrical energy. (optional heading)
- 0.002% (206 thousand US$): 2715 - Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut-backs)
- 0% (80 thousand US$): 2714 - Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks
- 0% (43 thousand US$): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
- 0% (38 thousand US$): 2702 - Lignite, whether or not agglomerated, excluding jet
- 0% (2.68 thousand US$): 2712 - Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
- 0% (1.18 thousand US$): 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
- 0% (84 US$): 2711 - Petroleum gases and other gaseous hydrocarbons
The value of imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" to Ecuador totalled $ 7.45 billion in 2023. Sales of commodity group 27 to Ecuador decreased by 7.35% in value terms compared to 2022. imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" decreased by $ 591 million (the value of imports of commodity group 27 to Ecuador was equal to $8.04 billion in 2022)
Imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" accounted for 24% of total import flow to Ecuador (in 2023, total imports to Ecuador amounted to $ 30 billion). The share of commodity group 27 in total imports to Ecuador decreased by 0.218 p.p. compared to 2022 (it was 24% in 2022 and cumulative imports to Ecuador were equal to $ 33 billion).
Where does Ecuador import Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes from?
Top trading partners (import of "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes") of Ecuador in 2023:
- USA with a share of 69% (5.19 billion US$)
- Korea with a share of 5.95% (444 million US$)
- Italy with a share of 5.05% (376 million US$)
- Colombia with a share of 4.33% (323 million US$)
- Canada with a share of 2.91% (217 million US$)
- Spain with a share of 2.5% (186 million US$)
- Other Asia, nes with a share of 2.07% (154 million US$)
- Japan with a share of 1.52% (113 million US$)
- United Kingdom with a share of 1% (75 million US$)
- Sweden with a share of 1% (74 million US$)
Imports structure of 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes - to Ecuador in 2023 represented by the following main commodity groups:
- 56% (4.19 billion US$): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
- 30% (2.3 billion US$): 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
- 8.15% (607 million US$): 2711 - Petroleum gases and other gaseous hydrocarbons
- 3.82% (285 million US$): 2716 - Electrical energy. (optional heading)
- 0.491% (36 million US$): 2713 - Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
- 0.18% (13.4 million US$): 2712 - Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
- 0.1% (7.51 million US$): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
- 0.05% (3.78 million US$): 2703 - Peat (including peat litter), whether or not agglomerated.
- 0.008% (635 thousand US$): 2714 - Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks
- 0.006% (478 thousand US$): 2715 - Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut-backs)
