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2023
Exports $40MWorld Rnk 48 / 196
Flag Rnk 40 / 1002
2023
Destination $3.54M Brazil
2022 - 2023
FASTEST GROWING MARKET $3.54MUnited States
2023
PRODUCT COMPLEXITY IN Confectionery Sugar-0.6Rnk 734 / 1025
2023
Imports $57.4MWorld Rnk 53 / 226
Flag Rnk 87 / 1173
2023
Origin $2.08M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $2.08MColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $40M in Confectionery Sugar, making it the 48th largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 40th most exported product in Ecuador. The main destination of Confectionery Sugar exports from Ecuador are: Brazil ($7.29M), United States ($6.3M), Argentina ($5.29M), Mexico ($4.89M), and Ireland ($3.01M).

The fastest growing export markets for Confectionery Sugar of Ecuador between 2022 and 2023 were United States ($3.54M), Ireland ($2.91M), and Argentina ($1.24M).

Imports In 2023, Ecuador imported $57.4M in Confectionery Sugar, becoming the 53rd largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 87th most imported product in Ecuador. Ecuador imports Confectionery Sugar primarily from: Colombia ($28.9M), China ($6.73M), Mexico ($3.91M), Peru ($3.16M), and Guatemala ($2.57M).

The fastest growing import markets in Confectionery Sugar for Ecuador between 2022 and 2023 were Colombia ($2.08M), Peru ($1.16M), and China ($1.1M).

COMPANIES In 2021, leading companies such as Dole Fresh Fruit (23) were at the forefront of shipping Confectionery Sugar from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Confectionery Sugar exports accounted up to $3.47M and imports accounted up to $3.57M, resulting in a negative trade balance of $94.6k. Between December 2020 and December 2021 the exports of Ecuador's   Confectionery Sugar have increased by $1.55M (80.3%) from $1.93M to $3.47M, while imports increased by $1.04M (41.4%) from $2.52M to $3.57M.

Destinations In December 2021, Confectionery Sugar were exported mostly to Brazil ($904k), United States ($509k), Mexico ($487k), Argentina ($420k), and Chile ($305k), and were imported mostly from Colombia ($1.97M), China ($365k), Mexico ($266k), Brazil ($143k), and United States ($135k).

Growth In December 2021, the increase in Confectionery Sugar's year-by-year exports was explained primarily by an increase in exports to Brazil ($119k or 34.4%), Mexico ($117k or 75.3%), and Nicaragua ($42.5k or 55.8%). In December 2021, the increase in Confectionery Sugar's year-by-year imports was explained primarily by an increase in imports from Brazil ($41.7k or 45.6%), Guatemala ($40.7k or 78.2%), and Belgium ($8.66k or 50.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$1.55M(80.3%)
IMPORT GROWTH (December 2020 - December 2021)$1.04M(41.4%)
MAIN DESTINATION (December 2021)Brazil$904k

This section shows Confectionery Sugar'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 Confectionery Sugar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$40M
IMPORTS (2023)$57.4M
NET TRADE (2023)-$17.4M

In 2023, Ecuador exported $40M in Confectionery Sugar. The main destinations of Ecuador exports on Confectionery Sugar were Brazil ($7.29M), United States ($6.3M), Argentina ($5.29M), Mexico ($4.89M), and Ireland ($3.01M).

In 2023, Ecuador imported $57.4M in Confectionery Sugar, mainly from Colombia ($28.9M), China ($6.73M), Mexico ($3.91M), Peru ($3.16M), and Guatemala ($2.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United States$3.54M (128%)
Ireland$2.91M (3.16k%)
Argentina$1.24M (30.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Ecuador WERE (2022 - 2023):
Chile-$840k (-29.1%)
Bolivia-$772k (-48.6%)
United Arab Emirates-$435k (-54.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Confectionery Sugar were:
Germany $1.97B
China $1.5B
Mexico $1.36B
In 2023, Ecuador's main importing competitors in Confectionery Sugar were:
United States $3.26B
United Kingdom $1.01B
Germany $992M

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.64M
TOP IMPORT POTENTIALChina+ $1.73M

Confectionery Sugar’s highest export potential is United States. With an export gap of $3.64M.   Confectionery Sugar’s highest import potential is China with an import gap of $1.73M.

See methodology.

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