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2022
Exports $27.2MWorld Rnk 20 / 123
Flag Rnk 56 / 1017
2022
Destination $8.53M United States
2021 - 2022
FASTEST GROWING MARKET $8.53MUnited States
2022
PRODUCT COMPLEXITY IN Cocoa Butter-1.34Rnk 920 / 1025
2022
Imports $204kWorld Rnk 92 / 179
Flag Rnk 965 / 1175
2022
Origin $35.4k Brazil
2021 - 2022
FASTEST GROWING ORIGIN $35.4kBrazil
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $27.2M in Cocoa Butter, making it the 20th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 56th most exported product in Ecuador. The main destination of Cocoa Butter exports from Ecuador are: United States ($11.6M), Peru ($8.44M), Netherlands ($1.59M), Germany ($1.42M), and Argentina ($1.2M).

The fastest growing export markets for Cocoa Butter of Ecuador between 2021 and 2022 were United States ($8.53M), Peru ($1.41M), and Argentina ($1.06M).

Imports In 2022, Ecuador imported $204k in Cocoa Butter, becoming the 92nd largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 965th most imported product in Ecuador. Ecuador imports Cocoa Butter primarily from: Brazil ($203k) and United States ($613).

The fastest growing import markets in Cocoa Butter for Ecuador between 2021 and 2022 were Brazil ($35.4k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Cocoa Butter exports accounted up to $1.72M and imports accounted up to $11.8k, resulting in a positive trade balance of $1.71M. Between December 2020 and December 2021 the exports of Ecuador's   Cocoa Butter have decreased by $-178k (-9.36%) from $1.9M to $1.72M, while imports increased by $11.4k (2.79k%) from $409 to $11.8k.

Destinations In December 2021, Cocoa Butter were exported mostly to Netherlands ($733k), Peru ($600k), Estonia ($172k), Mexico ($92k), and United States ($62k), and were imported mostly from .

Growth In December 2021, the decrease in Cocoa Butter's year-by-year exports was explained primarily by a decrease in exports to United States ($-676k or -86.4%), Netherlands ($-254k or -54.1%), and Peru ($-199k or -25.6%). In November 2021, the increase in Cocoa Butter'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)$-178k(-9.36%)
IMPORT GROWTH (July 2017 - November 2021)$11.4k(2.79k%)
MAIN DESTINATION (December 2021)Netherlands$733k

This section shows Cocoa Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.2M
IMPORTS (2022)$204k
NET TRADE (2022)$27M

In 2022, Ecuador exported $27.2M in Cocoa Butter. The main destinations of Ecuador exports on Cocoa Butter were United States ($11.6M), Peru ($8.44M), Netherlands ($1.59M), Germany ($1.42M), and Argentina ($1.2M).

In 2022, Ecuador imported $204k in Cocoa Butter, mainly from Brazil ($203k) and United States ($613).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$8.53M (279%)
Peru$1.41M (20%)
Argentina$1.06M (740%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Ecuador WERE (2021 - 2022):
Germany-$2.99M (-67.7%)
Netherlands-$2.45M (-60.7%)
Mexico-$189k (-94.3%)
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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 Butter were:
Netherlands $1.37B
Indonesia $669M
Malaysia $617M
In 2022, Ecuador's main importing competitors in Cocoa Butter were:
Germany $710M
United States $598M
Belgium $513M

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.67M
TOP IMPORT POTENTIALIndonesia+ $1.18k

Cocoa Butter’s highest export potential is United States. With an export gap of $3.67M.   Cocoa Butter’s highest import potential is Indonesia with an import gap of $1.18k.

See methodology.

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