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Pricing

2022
Exports $26.8MWorld Rnk 61 / 196
Flag Rnk 58 / 1017
2022
Destination $3.01M Colombia
2021 - 2022
FASTEST GROWING MARKET $3.01MColombia
2022
PRODUCT COMPLEXITY IN Chocolate0.14Rnk 508 / 1025
2022
Imports $49.9MWorld Rnk 76 / 225
Flag Rnk 109 / 1175
2022
Origin $1.18M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $1.18MChile
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $26.8M in Chocolate, making it the 61st largest exporter of Chocolate in the world. At the same year, Chocolate was the 58th most exported product in Ecuador. The main destination of Chocolate exports from Ecuador are: Colombia ($9.9M), Argentina ($4.09M), United States ($3.81M), Chile ($2.51M), and Japan ($1.45M).

The fastest growing export markets for Chocolate of Ecuador between 2021 and 2022 were Colombia ($3.01M), Argentina ($1.49M), and Spain ($355k).

Imports In 2022, Ecuador imported $49.9M in Chocolate, becoming the 76th largest importer of Chocolate in the world. At the same year, Chocolate was the 109th most imported product in Ecuador. Ecuador imports Chocolate primarily from: Colombia ($15.9M), United States ($6.16M), Chile ($5.35M), Brazil ($4.84M), and Peru ($3.69M).

The fastest growing import markets in Chocolate for Ecuador between 2021 and 2022 were Chile ($1.18M), Belgium ($710k), and Germany ($614k).

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 (2022)$26.8M
IMPORTS (2022)$49.9M
NET TRADE (2022)-$23.1M

In 2022, Ecuador exported $26.8M in Chocolate. The main destinations of Ecuador exports on Chocolate were Colombia ($9.9M), Argentina ($4.09M), United States ($3.81M), Chile ($2.51M), and Japan ($1.45M).

In 2022, Ecuador imported $49.9M in Chocolate, mainly from Colombia ($15.9M), United States ($6.16M), Chile ($5.35M), Brazil ($4.84M), and Peru ($3.69M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$3.01M (43.7%)
Argentina$1.49M (57.5%)
Spain$355k (989%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Ecuador WERE (2021 - 2022):
Netherlands-$283k (-53.4%)
Japan-$138k (-8.7%)
United Arab Emirates-$71.7k (-58.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Ecuador's main importing competitors in Chocolate were:
United States $3.81B
Germany $2.53B
France $2.33B

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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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