Cocoa Beans in Ecuador 2021 Exports | Imports : $838M | $319k, World Rnk 3 / 130 Rnk 8 / 984 | World Rnk 58 / 154 Rnk 896 / 1165
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $33.9M | $97k, Mexico | Peru
2021 ECONOMIC COMPLEXITY of Ecuador: -0.89, Rnk 104 / 131
2021 PRODUCT COMPLEXITY IN Cocoa Beans: -2.71, Rnk 1029 / 1029
Exports In 2021, Ecuador exported $838M in Cocoa Beans, making it the 3rd largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 8th most exported product in Ecuador. The main destination of Cocoa Beans exports from Ecuador are: United States ($183M), Indonesia ($160M), Malaysia ($94.2M), Netherlands ($91.7M), and Mexico ($71.3M).
The fastest growing export markets for Cocoa Beans of Ecuador between 2020 and 2021 were Mexico ($33.9M), Netherlands ($23.7M), and Belgium ($21.5M).
Imports In 2021, Ecuador imported $319k in Cocoa Beans, becoming the 58th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 896th most imported product in Ecuador. Ecuador imports Cocoa Beans primarily from: Peru ($97k), Germany ($67.9k), Malaysia ($52.6k), Dominican Republic ($50.8k), and United States ($50.5k).
The fastest growing import markets in Cocoa Beans for Ecuador between 2020 and 2021 were Peru ($97k), Germany ($67.9k), and Malaysia ($52.6k).
Tariffs In 2018, the average tariff for Ecuador in Cocoa Beans was 16.5%. The countries with the highest import tariffs for Cocoa Beans were Cuba (Most Favoured Nation duty rate treatment, 25%), Angola (Most Favoured Nation duty rate treatment, 18.8%), Burundi (Most Favoured Nation duty rate treatment, 18.8%), Benin (Most Favoured Nation duty rate treatment, 18.8%), and Burkina Faso (Most Favoured Nation duty rate treatment, 18.8%).
December 2021
Overview In December 2021 Ecuador's Cocoa Beans exports accounted up to $76.4M and imports accounted up to $9.06k, resulting in a positive trade balance of $76.4M. Between December 2020 and December 2021 the exports of Ecuador's Cocoa Beans have decreased by $-26.9M (-26%) from $103M to $76.4M, while imports increased by $7.51k (487%) from $1.54k to $9.06k.
Destinations In December 2021, Cocoa Beans were exported mostly to Indonesia ($17.8M), Netherlands ($12.4M), Malaysia ($11.5M), United States ($10.2M), and Mexico ($5.24M), and were imported mostly from .
Growth In December 2021, the decrease in Cocoa Beans's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-15.4M or -66.8%), Netherlands ($-2.08M or -31.7%), and Malaysia ($-2.05M or -50.2%). In May 2021, the increase in Cocoa Beans's year-by-year imports was explained primarily by an increase in imports from .
EXPORT GROWTH (December 2020 - December 2021): $-26.9M, (-26%)
IMPORT GROWTH (September 2016 - May 2021): $7.51k, (487%)
MAIN DESTINATION (December 2021): Indonesia, $17.8M
This section shows Cocoa Beans'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 Cocoa Beans over time.
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EXPORTS (2021): $838M
IMPORTS (2021): $319k
NET TRADE (2021): $838M
In 2021, Ecuador exported $838M in Cocoa Beans. The main destinations of Ecuador exports on Cocoa Beans were United States ($183M), Indonesia ($160M), Malaysia ($94.2M), Netherlands ($91.7M), and Mexico ($71.3M).
In 2021, Ecuador imported $319k in Cocoa Beans, mainly from Peru ($97k), Germany ($67.9k), Malaysia ($52.6k), Dominican Republic ($50.8k), and United States ($50.5k).
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Ecuador WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Ecuador WERE (2020 - 2021):
In 2021, Ecuador's main exporting competitors in Cocoa Beans were:
In 2021, Ecuador's main importing competitors in Cocoa Beans were:
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