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2023
Exports $105MWorld Rnk 11 / 107
Flag Rnk 23 / 1002
2023
Destination $24.8M United States
2022 - 2023
FASTEST GROWING MARKET $24.8MUnited States
2023
PRODUCT COMPLEXITY IN Cocoa Paste-0.83Rnk 788 / 1025
2023
Imports $45.6kWorld Rnk 110 / 167
Flag Rnk 1052 / 1173
2023
Origin $10.9k Colombia
2022 - 2023
FASTEST GROWING ORIGIN $10.9kColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $105M in Cocoa Paste, making it the 11th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 23rd most exported product in Ecuador. The main destination of Cocoa Paste exports from Ecuador are: United States ($57.5M), Chile ($8.31M), Argentina ($8.3M), Japan ($7.31M), and Canada ($6.02M).

The fastest growing export markets for Cocoa Paste of Ecuador between 2022 and 2023 were United States ($24.8M), Brazil ($1.69M), and Japan ($1.36M).

Imports In 2023, Ecuador imported $45.6k in Cocoa Paste, becoming the 110th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 1052nd most imported product in Ecuador. Ecuador imports Cocoa Paste primarily from: Colombia ($45.6k).

The fastest growing import markets in Cocoa Paste for Ecuador between 2022 and 2023 were Colombia ($10.9k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Cocoa Paste exports accounted up to $5.45M and imports accounted up to $5.52k, resulting in a positive trade balance of $5.45M. Between December 2020 and December 2021 the exports of Ecuador's   Cocoa Paste have decreased by $-1.06M (-16.3%) from $6.52M to $5.45M, while imports increased by $1.1k (24.9%) from $4.42k to $5.52k.

Destinations In December 2021, Cocoa Paste were exported mostly to United States ($1.42M), Argentina ($809k), Chile ($725k), Canada ($652k), and Japan ($614k), and were imported mostly from .

Growth In December 2021, the decrease in Cocoa Paste's year-by-year exports was explained primarily by a decrease in exports to Chile ($-367k or -39.8%), Peru ($-233k or -36.9%), and China ($-20.9k or -12.1%). In October 2021, the increase in Cocoa Paste'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)$-1.06M(-16.3%)
IMPORT GROWTH (March 2018 - October 2021)$1.1k(24.9%)
MAIN DESTINATION (December 2021)United States$1.42M

This section shows Cocoa Paste'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 Paste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$105M
IMPORTS (2023)$45.6k
NET TRADE (2023)$105M

In 2023, Ecuador exported $105M in Cocoa Paste. The main destinations of Ecuador exports on Cocoa Paste were United States ($57.5M), Chile ($8.31M), Argentina ($8.3M), Japan ($7.31M), and Canada ($6.02M).

In 2023, Ecuador imported $45.6k in Cocoa Paste, mainly from Colombia ($45.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United States$24.8M (75.9%)
Brazil$1.69M (53%)
Japan$1.36M (22.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Ecuador WERE (2022 - 2023):
Canada-$4.4M (-42.2%)
Malaysia-$1.72M (-100%)
Russia-$1.3M (-100%)
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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 Paste were:
Cote d'Ivoire $1.32B
Netherlands $781M
Ghana $440M
In 2023, Ecuador's main importing competitors in Cocoa Paste were:
United States $560M
Germany $452M
Netherlands $405M

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.18M
TOP IMPORT POTENTIALPeru+ $15.2k

Cocoa Paste’s highest export potential is United States. With an export gap of $2.18M.   Cocoa Paste’s highest import potential is Peru with an import gap of $15.2k.

See methodology.

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