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2023
Exports $111MWorld Rnk 43 / 189
Flag Rnk 21 / 1002
2023
Destination $9.38M Peru
2022 - 2023
FASTEST GROWING MARKET $9.38MPanama
2023
PRODUCT COMPLEXITY IN Animal Food-0.27Rnk 638 / 1025
2023
Imports $384MWorld Rnk 35 / 225
Flag Rnk 9 / 1173
2023
Origin $10.8M Peru
2022 - 2023
FASTEST GROWING ORIGIN $10.8MNetherlands
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $111M in Animal Food, making it the 43rd largest exporter of Animal Food in the world. At the same year, Animal Food was the 21st most exported product in Ecuador. The main destination of Animal Food exports from Ecuador are: Peru ($55.8M), Panama ($17.1M), United States ($13.6M), Colombia ($11M), and Honduras ($5.07M).

The fastest growing export markets for Animal Food of Ecuador between 2022 and 2023 were Panama ($9.38M), Norway ($2.05M), and Peru ($1.95M).

Imports In 2023, Ecuador imported $384M in Animal Food, becoming the 35th largest importer of Animal Food in the world. At the same year, Animal Food was the 9th most imported product in Ecuador. Ecuador imports Animal Food primarily from: Peru ($215M), United States ($23.4M), Guatemala ($23M), Colombia ($20.4M), and Brazil ($19.6M).

The fastest growing import markets in Animal Food for Ecuador between 2022 and 2023 were Netherlands ($10.8M), Spain ($4.15M), and France ($3.25M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Animal Food exports accounted up to $8.78M and imports accounted up to $27.7M, resulting in a negative trade balance of $18.9M. Between December 2020 and December 2021 the exports of Ecuador's   Animal Food have increased by $2M (29.6%) from $6.77M to $8.78M, while imports increased by $8.87M (47.1%) from $18.8M to $27.7M.

Destinations In December 2021, Animal Food were exported mostly to Peru ($4.89M), Honduras ($1.28M), United States ($1.1M), Colombia ($564k), and Germany ($402k), and were imported mostly from Peru ($17.1M), Colombia ($2.08M), Guatemala ($1.42M), Brazil ($1.26M), and United States ($967k).

Growth In December 2021, the increase in Animal Food's year-by-year exports was explained primarily by an increase in exports to Germany ($236k or 278%), Honduras ($66.1k or 24.9%), and Dominican Republic ($33.2k or 54.5%). In December 2021, the increase in Animal Food's year-by-year imports was explained primarily by an increase in imports from Peru ($2.15M or 32.3%), Brazil ($1.4M or 166%), and France ($498k or 85.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$2M(29.6%)
IMPORT GROWTH (December 2020 - December 2021)$8.87M(47.1%)
MAIN DESTINATION (December 2021)Peru$4.89M

This section shows Animal Food'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 Animal Food over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$111M
IMPORTS (2023)$384M
NET TRADE (2023)-$274M

In 2023, Ecuador exported $111M in Animal Food. The main destinations of Ecuador exports on Animal Food were Peru ($55.8M), Panama ($17.1M), United States ($13.6M), Colombia ($11M), and Honduras ($5.07M).

In 2023, Ecuador imported $384M in Animal Food, mainly from Peru ($215M), United States ($23.4M), Guatemala ($23M), Colombia ($20.4M), and Brazil ($19.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Food EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Panama$9.38M (122%)
Norway$2.05M (17.2k%)
Peru$1.95M (3.63%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Food BY Ecuador WERE (2022 - 2023):
Germany-$1.29M (-100%)
Colombia-$403k (-3.52%)
United Kingdom-$256k (-46%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Animal Food were:
Germany $4.68B
United States $4.26B
Netherlands $4.16B
In 2023, Ecuador's main importing competitors in Animal Food were:
Germany $3.35B
United States $2.62B
United Kingdom $2.13B

Explore Visualizations

Trade Value of Animal Food by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.61M
TOP IMPORT POTENTIALUnited States+ $8.1M

Animal Food’s highest export potential is United States. With an export gap of $9.61M.   Animal Food’s highest import potential is United States with an import gap of $8.1M.

See methodology.

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