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2022
Exports $937MWorld Rnk 3 / 125
Flag Rnk 8 / 1017
2022
Destination $89.5M Malaysia
2021 - 2022
FASTEST GROWING MARKET $89.5MMalaysia
2022
PRODUCT COMPLEXITY IN Cocoa Beans-2.82Rnk 1025 / 1025
2022
Imports $582kWorld Rnk 56 / 159
Flag Rnk 849 / 1175
2022
Origin $269k United States
2021 - 2022
FASTEST GROWING ORIGIN $269kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $937M 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: Malaysia ($184M), United States ($173M), Indonesia ($156M), Netherlands ($93.6M), and Mexico ($67.1M).

The fastest growing export markets for Cocoa Beans of Ecuador between 2021 and 2022 were Malaysia ($89.5M), Canada ($19.1M), and China ($13.3M).

Imports In 2022, Ecuador imported $582k in Cocoa Beans, becoming the 56th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 849th most imported product in Ecuador. Ecuador imports Cocoa Beans primarily from: United States ($320k), Peru ($199k), and Dominican Republic ($62.6k).

The fastest growing import markets in Cocoa Beans for Ecuador between 2021 and 2022 were United States ($269k), Peru ($102k), and Dominican Republic ($11.8k).

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 (2022)$937M
IMPORTS (2022)$582k
NET TRADE (2022)$936M

In 2022, Ecuador exported $937M in Cocoa Beans. The main destinations of Ecuador exports on Cocoa Beans were Malaysia ($184M), United States ($173M), Indonesia ($156M), Netherlands ($93.6M), and Mexico ($67.1M).

In 2022, Ecuador imported $582k in Cocoa Beans, mainly from United States ($320k), Peru ($199k), and Dominican Republic ($62.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Malaysia$89.5M (95%)
Canada$19.1M (70.5%)
China$13.3M (521%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Ecuador WERE (2021 - 2022):
United States-$9.4M (-5.14%)
India-$7.08M (-84.8%)
Estonia-$5.93M (-57%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Cocoa Beans were:
Cote d'Ivoire $3.33B
Ghana $1.08B
In 2022, Ecuador's main importing competitors in Cocoa Beans were:
Netherlands $1.68B
Malaysia $1.02B
United States $874M

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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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