Seed Oils in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $7.66M in Seed Oils, making it the 57th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 103rd most exported product in Ecuador. The main destination of Seed Oils exports from Ecuador are: Colombia ($4.22M), Senegal ($2.79M), Venezuela ($268k), Spain ($156k), and Panama ($126k).

The fastest growing export markets for Seed Oils of Ecuador between 2021 and 2022 were Senegal ($2.79M), Venezuela ($268k), and Spain ($156k).

Imports In 2022, Ecuador imported $109M in Seed Oils, becoming the 39th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 47th most imported product in Ecuador. Ecuador imports Seed Oils primarily from: Bolivia ($98.2M), Argentina ($5.62M), Uruguay ($2.19M), Italy ($1.15M), and Colombia ($521k).

The fastest growing import markets in Seed Oils for Ecuador between 2021 and 2022 were Bolivia ($20.2M), Argentina ($3.18M), and Uruguay ($2.19M).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Seed Oils from Ecuador to the United States.

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Seed Oils exports accounted up to $308k and imports accounted up to $4.16M, resulting in a negative trade balance of $3.85M. Between December 2020 and December 2021 the exports of Ecuador's Seed Oils have increased by $152k (97.8%) from $156k to $308k, while imports increased by $2.29M (123%) from $1.87M to $4.16M.

Destinations In December 2021, Seed Oils were exported mostly to Colombia ($308k) and Rest of the world ($346), and were imported mostly from Bolivia ($3.66M), Ukraine ($192k), Italy ($158k), Argentina ($148k), and Spain ($2.09k).

Growth In December 2021, the increase in Seed Oils's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from Bolivia ($5.98M or 557%) and Ecuador ($38.1k or 1.25k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$152k(97.8%)

IMPORT GROWTH (December 2020 - December 2021)$2.29M(123%)

MAIN DESTINATION (December 2021)Colombia$308k

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.66M

IMPORTS (2022)$109M

NET TRADE (2022)-$101M

In 2022, Ecuador exported $7.66M in Seed Oils. The main destinations of Ecuador exports on Seed Oils were Colombia ($4.22M), Senegal ($2.79M), Venezuela ($268k), Spain ($156k), and Panama ($126k).

In 2022, Ecuador imported $109M in Seed Oils, mainly from Bolivia ($98.2M), Argentina ($5.62M), Uruguay ($2.19M), Italy ($1.15M), and Colombia ($521k).

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