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Pricing

2022
Exports $8.43BWorld Rnk 3 / 221
Flag Rnk 2 / 95
2022
Destination $2.01B China
2021 - 2022
FASTEST GROWING MARKET $2.01BChina
2022
PRODUCT COMPLEXITY IN Fish, crustaceans, & molluscs-0.55Rnk 711 / 1025
2022
Imports $249MWorld Rnk 52 / 225
Flag Rnk 21 / 96
2022
Origin $25.6M Spain
2021 - 2022
FASTEST GROWING ORIGIN $25.6MVenezuela
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $8.43B in Fish, crustaceans, & molluscs, making it the 3rd largest exporter of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 2nd most exported product in Ecuador. The main destination of Fish, crustaceans, & molluscs exports from Ecuador are: China ($4.31B), United States ($1.86B), Spain ($436M), France ($279M), and Italy ($237M).

The fastest growing export markets for Fish, crustaceans, & molluscs of Ecuador between 2021 and 2022 were China ($2.01B), United States ($329M), and Vietnam ($106M).

Imports In 2022, Ecuador imported $249M in Fish, crustaceans, & molluscs, becoming the 52nd largest importer of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 21st most imported product in Ecuador. Ecuador imports Fish, crustaceans, & molluscs primarily from: Spain ($59.2M), Venezuela ($37.4M), Nicaragua ($24.6M), Peru ($21.9M), and United States ($15.1M).

The fastest growing import markets in Fish, crustaceans, & molluscs for Ecuador between 2021 and 2022 were Venezuela ($25.6M), Nicaragua ($7.67M), and United States ($7.39M).

COMPANIES In 2021, leading companies such as Chicken of the Sea (230), Lawrence Wholesale (80), and Goya Foods (2) were at the forefront of shipping Fish, crustaceans, & molluscs from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Fish, crustaceans, & molluscs exports accounted up to $552M and imports accounted up to $11.5M, resulting in a positive trade balance of $541M. Between December 2020 and December 2021 the exports of Ecuador's   Fish, crustaceans, & molluscs have increased by $292M (113%) from $260M to $552M, while imports decreased by $-2.41M (-17.4%) from $13.9M to $11.5M.

Destinations In December 2021, Fish, crustaceans, & molluscs were exported mostly to China ($247M), United States ($126M), Spain ($31.1M), France ($22.7M), and Italy ($21M), and were imported mostly from Rest of the world ($4.26M), Venezuela ($2.98M), Ecuador ($822k), Chile ($596k), and Panama ($486k).

Growth In December 2021, the increase in Fish, crustaceans, & molluscs's year-by-year exports was explained primarily by an increase in exports to Russia ($8.91M or 139%), Vietnam ($4.21M or 167%), and Netherlands ($2.96M or 98.2%). In December 2021, the decrease in Fish, crustaceans, & molluscs's year-by-year imports was explained primarily by a decrease in imports from Ecuador ($-536k or -58.5%), Spain ($-164k or -27.8%), and France ($-43.4k or -97.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$292M(113%)
IMPORT GROWTH (December 2020 - December 2021)$-2.41M(-17.4%)
MAIN DESTINATION (December 2021)China$247M

This section shows Fish, crustaceans, & molluscs'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 Fish, crustaceans, & molluscs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.43B
IMPORTS (2022)$249M
NET TRADE (2022)$8.18B

In 2022, Ecuador exported $8.43B in Fish, crustaceans, & molluscs. The main destinations of Ecuador exports on Fish, crustaceans, & molluscs were China ($4.31B), United States ($1.86B), Spain ($436M), France ($279M), and Italy ($237M).

In 2022, Ecuador imported $249M in Fish, crustaceans, & molluscs, mainly from Spain ($59.2M), Venezuela ($37.4M), Nicaragua ($24.6M), Peru ($21.9M), and United States ($15.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish, crustaceans, & molluscs EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
China$2.01B (87.5%)
United States$329M (21.5%)
Vietnam$106M (279%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish, crustaceans, & molluscs BY Ecuador WERE (2021 - 2022):
South Korea-$16.8M (-20.6%)
Ukraine-$14.6M (-62.4%)
Russia-$13.5M (-8.23%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Fish, crustaceans, & molluscs were:
Norway $15.6B
China $10.9B
In 2022, Ecuador's main importing competitors in Fish, crustaceans, & molluscs were:
United States $22.9B
China $17.7B
Japan $10.4B

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Trade Value of Fish, crustaceans, & molluscs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $126M
TOP IMPORT POTENTIALUnited States+ $3.95M

Fish, crustaceans, & molluscs’s highest export potential is United States. With an export gap of $126M.   Fish, crustaceans, & molluscs’s highest import potential is United States with an import gap of $3.95M.

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