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2023
Exports $21.8MWorld Rnk 66 / 202
Flag Rnk 55 / 1002
2023
Destination $1.1M Colombia
2022 - 2023
FASTEST GROWING MARKET $1.1MUnited States
2023
PRODUCT COMPLEXITY IN Chocolate0.3Rnk 459 / 1025
2023
Imports $57MWorld Rnk 73 / 225
Flag Rnk 88 / 1173
2023
Origin $7.39M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $7.39MUnited States
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $21.8M in Chocolate, making it the 66th largest exporter of Chocolate in the world. At the same year, Chocolate was the 55th most exported product in Ecuador. The main destination of Chocolate exports from Ecuador are: Colombia ($5.47M), United States ($4.4M), Argentina ($3.85M), Chile ($1.29M), and Japan ($944k).

The fastest growing export markets for Chocolate of Ecuador between 2022 and 2023 were United States ($1.1M), United Arab Emirates ($849k), and Argentina ($482k).

Imports In 2023, Ecuador imported $57M in Chocolate, becoming the 73rd largest importer of Chocolate in the world. At the same year, Chocolate was the 88th most imported product in Ecuador. Ecuador imports Chocolate primarily from: Colombia ($16.6M), United States ($11.3M), Brazil ($6.27M), Chile ($6.2M), and Germany ($3.73M).

The fastest growing import markets in Chocolate for Ecuador between 2022 and 2023 were United States ($7.39M), Germany ($1.07M), and Brazil ($1.03M).

COMPANIES In 2021, leading companies such as Barry Callebaut (18), Continental Tire (4), and Goya Foods (1) were at the forefront of shipping Chocolate from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Chocolate exports accounted up to $1.79M and imports accounted up to $3.64M, resulting in a negative trade balance of $1.84M. Between December 2020 and December 2021 the exports of Ecuador's   Chocolate have increased by $924k (106%) from $868k to $1.79M, while imports increased by $628k (20.9%) from $3.01M to $3.64M.

Destinations In December 2021, Chocolate were exported mostly to Colombia ($683k), Japan ($270k), United States ($243k), Chile ($222k), and Peru ($159k), and were imported mostly from Colombia ($1.45M), United States ($415k), Brazil ($399k), Peru ($389k), and Italy ($284k).

Growth In December 2021, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to Japan ($515k or 2.27k%), Chile ($176k or 262%), and Colombia ($119k or 108%). In December 2021, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from Brazil ($213k or 63.6%), Colombia ($173k or 18.2%), and Belgium ($108k or 320%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$924k(106%)
IMPORT GROWTH (December 2020 - December 2021)$628k(20.9%)
MAIN DESTINATION (December 2021)Colombia$683k

This section shows Chocolate'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 Chocolate over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$21.8M
IMPORTS (2023)$57M
NET TRADE (2023)-$35.2M

In 2023, Ecuador exported $21.8M in Chocolate. The main destinations of Ecuador exports on Chocolate were Colombia ($5.47M), United States ($4.4M), Argentina ($3.85M), Chile ($1.29M), and Japan ($944k).

In 2023, Ecuador imported $57M in Chocolate, mainly from Colombia ($16.6M), United States ($11.3M), Brazil ($6.27M), Chile ($6.2M), and Germany ($3.73M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United States$1.1M (33.4%)
United Arab Emirates$849k (1.35k%)
Argentina$482k (14.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Ecuador WERE (2022 - 2023):
Colombia-$3.7M (-40.3%)
Chile-$993k (-43.4%)
Japan-$870k (-48%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Chocolate were:
Germany $6.26B
Belgium $4.09B
Italy $2.74B
In 2023, Ecuador's main importing competitors in Chocolate were:
United States $4.04B
United Kingdom $3.01B
Germany $2.95B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.59M
TOP IMPORT POTENTIALGermany+ $2.15M

Chocolate’s highest export potential is United States. With an export gap of $3.59M.   Chocolate’s highest import potential is Germany with an import gap of $2.15M.

See methodology.

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