2022
Exports
$44.8MWorld Rnk 19 / 153
Flag Rnk 40 / 1017
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.26Rnk 899 / 1025
2022
Imports
$4.56MWorld Rnk 107 / 214
Flag Rnk 509 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $44.8M in Other Vegetable Oils, making it the 19th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 40th most exported product in Ecuador. The main destination of Other Vegetable Oils exports from Ecuador are: Colombia ($12.4M), Chile ($7.93M), Venezuela ($6.68M), Argentina ($6.47M), and Peru ($5.92M).

The fastest growing export markets for Other Vegetable Oils of Ecuador between 2021 and 2022 were Venezuela ($4.49M), Colombia ($2.83M), and Argentina ($1.6M).

Imports In 2022, Ecuador imported $4.56M in Other Vegetable Oils, becoming the 107th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 509th most imported product in Ecuador. Ecuador imports Other Vegetable Oils primarily from: Indonesia ($1.53M), Colombia ($1.44M), Norway ($748k), Denmark ($228k), and Malaysia ($136k).

The fastest growing import markets in Other Vegetable Oils for Ecuador between 2021 and 2022 were Colombia ($556k), Indonesia ($315k), and Norway ($48.9k).

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$2.27M(132%)
IMPORT GROWTH (December 2020 - December 2021)$-184k(-62.3%)
MAIN DESTINATION (December 2021)Chile$1.12M

This section shows Other Vegetable 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 Other Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$44.8M
IMPORTS (2022)$4.56M
NET TRADE (2022)$40.3M

In 2022, Ecuador exported $44.8M in Other Vegetable Oils. The main destinations of Ecuador exports on Other Vegetable Oils were Colombia ($12.4M), Chile ($7.93M), Venezuela ($6.68M), Argentina ($6.47M), and Peru ($5.92M).

In 2022, Ecuador imported $4.56M in Other Vegetable Oils, mainly from Indonesia ($1.53M), Colombia ($1.44M), Norway ($748k), Denmark ($228k), and Malaysia ($136k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Venezuela$4.49M (205%)
Colombia$2.83M (29.6%)
Argentina$1.6M (32.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Ecuador WERE (2021 - 2022):
Mexico-$496k (-100%)
Malaysia-$275k (-100%)
Uruguay-$245k (-75%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Other Vegetable Oils were:
In 2022, Ecuador's main importing competitors in Other Vegetable Oils were:

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $272k
TOP IMPORT POTENTIALMalaysia+ $127k

Other Vegetable Oils’s highest export potential is Brazil. With an export gap of $272k.   Other Vegetable Oils’s highest import potential is Malaysia with an import gap of $127k.

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