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2023
Exports $1.14BWorld Rnk 2 / 134
Flag Rnk 8 / 1002
2023
Destination $126M Malaysia
2022 - 2023
FASTEST GROWING MARKET $126MMalaysia
2023
PRODUCT COMPLEXITY IN Cocoa Beans-2.94Rnk 1025 / 1025
2023
Imports $832kWorld Rnk 46 / 159
Flag Rnk 787 / 1173
2023
Origin $378k Peru
2022 - 2023
FASTEST GROWING ORIGIN $378kPeru
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.14B in Cocoa Beans, making it the 2nd 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: Malaysia ($302M), Indonesia ($194M), United States ($175M), Netherlands ($131M), and Mexico ($49.1M).

The fastest growing export markets for Cocoa Beans of Ecuador between 2022 and 2023 were Malaysia ($126M), Indonesia ($46.2M), and Netherlands ($37.5M).

Imports In 2023, Ecuador imported $832k in Cocoa Beans, becoming the 46th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 787th most imported product in Ecuador. Ecuador imports Cocoa Beans primarily from: Peru ($425k), Malaysia ($309k), Spain ($52.6k), and Dominican Republic ($45.8k).

The fastest growing import markets in Cocoa Beans for Ecuador between 2022 and 2023 were Peru ($378k), Malaysia ($309k), and Spain ($52.6k).

COMPANIES In 2021, leading companies such as Barry Callebaut (114) were at the forefront of shipping Cocoa Beans from Ecuador to the United States.

Latest Trends

December 2021

About

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 .

Subnational Monthly Trade

Time Scale
Flow
Color
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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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.14B
IMPORTS (2023)$832k
NET TRADE (2023)$1.14B

In 2023, Ecuador exported $1.14B in Cocoa Beans. The main destinations of Ecuador exports on Cocoa Beans were Malaysia ($302M), Indonesia ($194M), United States ($175M), Netherlands ($131M), and Mexico ($49.1M).

In 2023, Ecuador imported $832k in Cocoa Beans, mainly from Peru ($425k), Malaysia ($309k), Spain ($52.6k), and Dominican Republic ($45.8k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Malaysia$126M (71%)
Indonesia$46.2M (31.3%)
Netherlands$37.5M (40.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Ecuador WERE (2022 - 2023):
Belgium-$32.4M (-64.2%)
Mexico-$12.9M (-20.8%)
Canada-$11.3M (-21.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Cocoa Beans were:
Cote d'Ivoire $3.68B
Ghana $1.09B
In 2023, Ecuador's main importing competitors in Cocoa Beans were:
Netherlands $2.21B
Malaysia $1.42B
Germany $867M

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15M
TOP IMPORT POTENTIALPeru+ $126k

Cocoa Beans’s highest export potential is United States. With an export gap of $15M.   Cocoa Beans’s highest import potential is Peru with an import gap of $126k.

See methodology.

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