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2023
Exports $5.73MWorld Rnk 36 / 151
Flag Rnk 111 / 1002
2023
Destination $1.16M Argentina
2022 - 2023
FASTEST GROWING MARKET $1.16MUruguay
2023
PRODUCT COMPLEXITY IN Coconut Oil-1.7Rnk 972 / 1025
2023
Imports $11.4MWorld Rnk 48 / 210
Flag Rnk 338 / 1173
2023
Origin $5.46M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $5.46MColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $5.73M in Coconut Oil, making it the 36th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 111th most exported product in Ecuador. The main destination of Coconut Oil exports from Ecuador are: Argentina ($1.66M), Uruguay ($1.46M), Bolivia ($765k), Colombia ($540k), and Brazil ($533k).

The fastest growing export markets for Coconut Oil of Ecuador between 2022 and 2023 were Uruguay ($1.16M), United States ($380k), and Venezuela ($91.5k).

Imports In 2023, Ecuador imported $11.4M in Coconut Oil, becoming the 48th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 338th most imported product in Ecuador. Ecuador imports Coconut Oil primarily from: Colombia ($6.3M), Thailand ($2.51M), Peru ($2.01M), Indonesia ($184k), and India ($144k).

The fastest growing import markets in Coconut Oil for Ecuador between 2022 and 2023 were Colombia ($5.46M), Thailand ($2.51M), and India ($67.3k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Coconut Oil exports accounted up to $2.21M and imports accounted up to $6.1k, resulting in a positive trade balance of $2.2M. Between December 2020 and December 2021 the exports of Ecuador's   Coconut Oil have increased by $1.56M (241%) from $647k to $2.21M, while imports decreased by $-1.95k (-24.3%) from $8.06k to $6.1k.

Destinations In December 2021, Coconut Oil were exported mostly to Mexico ($696k), Colombia ($554k), Dominican Republic ($410k), Brazil ($326k), and Argentina ($169k), and were imported mostly from Italy ($4.7k) and United States ($1.4k).

Growth In December 2021, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to Peru ($140k or 866%) and Bolivia ($59.8k or 582%). In December 2021, the decrease in Coconut Oil's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$1.56M(241%)
IMPORT GROWTH (December 2020 - December 2021)$-1.95k(-24.3%)
MAIN DESTINATION (December 2021)Mexico$696k

This section shows Coconut Oil'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 Coconut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.73M
IMPORTS (2023)$11.4M
NET TRADE (2023)-$5.64M

In 2023, Ecuador exported $5.73M in Coconut Oil. The main destinations of Ecuador exports on Coconut Oil were Argentina ($1.66M), Uruguay ($1.46M), Bolivia ($765k), Colombia ($540k), and Brazil ($533k).

In 2023, Ecuador imported $11.4M in Coconut Oil, mainly from Colombia ($6.3M), Thailand ($2.51M), Peru ($2.01M), Indonesia ($184k), and India ($144k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Uruguay$1.16M (378%)
United States$380k (907%)
Venezuela$91.5k (15.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Ecuador WERE (2022 - 2023):
Brazil-$1.6M (-75%)
Colombia-$1.46M (-73%)
Mexico-$1.43M (-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 Coconut Oil were:
Indonesia $2.54B
Philippines $1.17B
Malaysia $1.09B
In 2023, Ecuador's main importing competitors in Coconut Oil were:
United States $1.05B
China $893M
Germany $678M

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $461k
TOP IMPORT POTENTIALColombia+ $691k

Coconut Oil’s highest export potential is Brazil. With an export gap of $461k.   Coconut Oil’s highest import potential is Colombia with an import gap of $691k.

See methodology.

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