Not an answer, but an intuition for an answer (suggesting that balls do notshould have exponentially small expansionCheeger constant).
Consider the three-regular infinite treeSuppose that $T_3$$n \geq 2$. All balls The volume of $B_R$$B^n(R)$, the ball of radius $R$ are isometric; they are all finite almost-binary trees. The number of vertices in $B_R$$n$-dimensional hyperbolic space, is
$1 + 3(1 + 2 + 2^2 + \cdots + 2^{R-1}) = 3 \cdot 2^R - 2$ basically some constant (depending on $n$) times $e^{(n - 1)R}$. In dimension one ($n = 1$) we instead have some constant times $R$.
The number of leaves isSuppose now that $3 \cdot 2^{R-1}$. This$M$ is close enough to onea closed connected hyperbolic $n$-half of the vertices that we will ignore the errormanifold. The one-neighbourhood of the leaves, taken Pick a basepoint $x$ in $B_R$, of course has$M$ and pick a graph $\Gamma$ in $M$ that nicely carries the same numberfundamental group of edges$M$. So the expansion Lift all of this to the set of leavesuniversal cover $M'$ to get a graph $\Gamma'$ which is onequasi-isometric to $n$-dimensional hyperbolic space. So (If we instead take the other definition$\Gamma'$ will be expansive, and instead take the numerator towill be the number of verticesroughly as expansive as balls in the one-neighbourhood of the leaves, then the expansion is $3/2$ambient hyperbolic space.)
The intuition is that this isSo we can move interchangably between large balls in the extreme casegraph $\Gamma'$ and large balls in hyperbolic space. If Let's assume that $n$ is correctat least three. Now consider $B^n(R)$, then the expansionball of radius $B_R$$R$ in $n$-dimensional hyperbolic space. This is close to some constantcut exactly in half by its "equatorial disk", and thusa copy of not exponentially small in$B^{n-1}(R)$. The volume of half of $R$$B^n(R)$ is roughly $e^{(n-1)R}$. The volume of the equatorial disk is roughly $e^{(n-2)R}$. So the ratio is $e^{-R}$, as suggested by the original question.
To make these examples work, we needed a notion of dimension. So it is not exactly clear how this generalises.