Petroleum Fuels Export of Ecuador in 2024: A Strategic Overview of the Regulatory Shipments

Ecuador, right now, has emerged as the major player in the global petroleum fuels export market with its diversification of supplies. The abundance of natural resources present in the nation and the strategic location has established itself as one of the top exporters of crude oil and refined petroleum products. Ecuador Import Data says the government has implemented several ambitious targets for increasing the production of the manufacturing units to expand its international reach. The country’s petroleum export is increasing substantially, mainly due to the vast reserves of high-quality crude oil and the rising demand for energy resources, accompanied by the country’s continuous effort towards diversification.

The growing global demand for petroleum fuels and the cost-effective pricing strategies adopted by the management authorities for fostering the annual valuation have resulted in an export trade value of petroleum products worth 2.5 billion US dollars in 2024. Import Globals, with its Ecuador trade data, gives detailed insights into the regional shipments of petroleum essentials exported from the nation in 2024. The valuable trade assets gets the business holders to cover all the crucial necessities that can be a valuable tool for them regarding their business expansion in 2024.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF PETROLEUM PRODUCTS FROM ECUADOR IN 2024

The Government of Ecuador has been actively implementing different initiatives to support the export of petroleum products from the country, crucially. The overall contribution of the initiatives has resulted in a significant increase in the export of crude oil, refined products, and other related items, indicating that petroleum is one of the top export categories.

Ecuador’s success in petroleum products is mainly attributed to its membership in the Organization of Petroleum Exporting Countries, fostering collaboration with other oil-producing nations for regulation of global production levels as per demanded categories. The establishment of the Petroleum Export Promotion Agency is another crucial factor responsible for the coordination and implementation of strategies to enhance competitiveness in Ecuador’s petroleum exports in the international market.

THE LEADING VARIANTS OF PETROLEUM FUELS EXPORTED FROM ECUADOR IN 2024

Ecuador, being a leading exporting destination of petroleum fuels worldwide, has introduced diversification in export services to counter the trade value at a positive rate. According to the Ecuador Export Data, the top 10 leading variants of petroleum fuels exported from the nation in 2024 are,

  1. Crude Oil — Export trade value of Crude Oil from Ecuador in 2024–1 billion US dollars
  2. Gasoline- Export trade value of Gasoline from Ecuador in 2024–765 million US dollars
  3. Diesel- Export trade value of Diesel from Ecuador in 2024–678 million US dollars
  4. Liquefied Petroleum Gas (LPG)- Export trade value of Liquefied Petroleum Gas from Ecuador in 2024–544 million US dollars
  5. Jet Fuel- Export trade value of Jet Fuel from Ecuador in 2024–348 million US dollars
  6. Naphtha- Export trade value of Naphtha from Ecuador in 2024–278 million US dollars
  7. Fuel Oil- Export trade value of Fuel Oil from Ecuador in 2024–178 million US dollars
  8. Asphalt- Export trade value of Asphalt from Ecuador in 2024–165 million US dollars
  9. Kerosene- Export trade value of Kerosene from Ecuador in 2024–142 million US dollars
  10. Petroleum Coke- Export trade value of Petroleum Coke from Ecuador in 2024–124 million US dollars

THE TOP EXPORT TRADE PARTNERS OF ECUADOR FOR PETROLEUM FUELS IN 2024

Ecuador, with its vast production capabilities of petroleum fuels, has built a stable trade relationship with most of the regions, having cost-effective pricing strategies and valuable trading opportunities for petroleum fuels. According to the Ecuador Customs Data, the top 10 export trade partners of the nation for petroleum fuels in 2024 are,

  1. United States — The annual export trade value of petroleum fuels from Ecuador to the United States in 2024–987 million US dollars

Top 5 variants of goods exported

1. Low Sulfur Diesel

2. Low Aromatic Diesel

3. High Sulfur Diesel

4. Ultra-Low Sulfur Diesel (ULSD)

5. Biodiesel

2. China — The annual export trade value of petroleum fuels from Ecuador to China in 2024–789 million US dollars

Top 5 variants of goods exported

1. Premium Gasoline

2. Naphtha

3. Aviation Turbine Fuel

4. Jet Fuel A-1

5. Propane

3. Peru — The annual export trade value of petroleum fuels from Ecuador to Peru in 2024–654 million US dollars

Top 5 variants of goods exported

1. Propane

2. Butane

3. Ethane

4. Coke Oven Gas

5. Asphalt

4. Chile — The annual export trade value of petroleum fuels from Ecuador to Chile in 2024–532 million US dollars

Top 5 variants of goods exported

1. Hydrocracker Feedstocks

2. Reformate

3. Ethanol

4. Benzene

5. Toluene

5. Panama — The annual export trade value of petroleum fuels from Ecuador to Panama in 2024–287 million US dollars

Top 5 variants of goods exported

1. Mixed Xylenes

2. Orthoxylene

3. Paraxylene

4. Heavy Naphtha

5. Light Naphtha

  1. Brazil — The annual export trade value of petroleum fuels from Ecuador to Brazil in 2024–178 million US dollars

Top 5 variants of goods exported

1. Condensates

2. Polypropylene (PP) Feedstock

3. Reformulated Gasoline Blendstock

4. Non-Aromatics

5. Methanol

7. Belgium — The annual export trade value of petroleum fuels from Ecuador to Belgium in 2024–165 million US dollars

Top 5 variants of goods exported

1. Ethanol

2. Propylene

3. Toluene

4. Naphthalene

5. Solvents

8. Netherlands — The annual export trade value of petroleum fuels from Ecuador to the Netherlands in 2024–128 million US dollars

Top 5 variants of goods exported

1. Solvents

2. Aromatics

3. Base oils

4. Sulfuric acid

5. Propane

9. Colombia — The annual export trade value of petroleum fuels from Ecuador to Colombia in 2024–111 million US dollars

Top 5 variants of goods exported

1. Methane

2. Propane

3. Petcoke

4. Pentanes

5. Alkylates

10. Japan — The annual export trade value of petroleum fuels from Ecuador to Japan in 2024–89 million US dollars

Top 5 variants of goods exported

1. Fuel Oil

2. Asphalt

3. Naphtha

4. Lubricants

5. Petrochemical Feedstocks

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