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2022
Exports $10.5MWorld Rnk 31 / 154
Flag Rnk 88 / 1017
2022
Destination $1.46M Argentina
2021 - 2022
FASTEST GROWING MARKET $1.46MArgentina
2022
PRODUCT COMPLEXITY IN Coconut Oil-1.71Rnk 972 / 1025
2022
Imports $10.4MWorld Rnk 54 / 212
Flag Rnk 362 / 1175
2022
Origin $4.85M Peru
2021 - 2022
FASTEST GROWING ORIGIN $4.85MPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $10.5M in Coconut Oil, making it the 31st largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 88th most exported product in Ecuador. The main destination of Coconut Oil exports from Ecuador are: Argentina ($2.74M), Colombia ($2.52M), Brazil ($1.89M), Mexico ($1.43M), and Bolivia ($837k).

The fastest growing export markets for Coconut Oil of Ecuador between 2021 and 2022 were Argentina ($1.46M), Mexico ($738k), and Colombia ($471k).

Imports In 2022, Ecuador imported $10.4M in Coconut Oil, becoming the 54th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 362nd most imported product in Ecuador. Ecuador imports Coconut Oil primarily from: Peru ($7.47M), Colombia ($2.14M), Indonesia ($356k), Philippines ($235k), and India ($69.4k).

The fastest growing import markets in Coconut Oil for Ecuador between 2021 and 2022 were Peru ($4.85M), Colombia ($1.44M), and Philippines ($104k).

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 (2022)$10.5M
IMPORTS (2022)$10.4M
NET TRADE (2022)$155k

In 2022, Ecuador exported $10.5M in Coconut Oil. The main destinations of Ecuador exports on Coconut Oil were Argentina ($2.74M), Colombia ($2.52M), Brazil ($1.89M), Mexico ($1.43M), and Bolivia ($837k).

In 2022, Ecuador imported $10.4M in Coconut Oil, mainly from Peru ($7.47M), Colombia ($2.14M), Indonesia ($356k), Philippines ($235k), and India ($69.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Argentina$1.46M (114%)
Mexico$738k (106%)
Colombia$471k (23%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Ecuador WERE (2021 - 2022):
Peru-$619k (-94.8%)
Brazil-$526k (-21.8%)
Dominican Republic-$429k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Coconut Oil were:
Indonesia $3.41B
Philippines $2.12B
Malaysia $1.64B
In 2022, Ecuador's main importing competitors in Coconut Oil were:
United States $1.51B
Netherlands $1.35B
China $1.12B

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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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