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2023
Exports $13.3MWorld Rnk 52 / 162
Flag Rnk 74 / 1002
2023
Destination $920k United States
2022 - 2023
FASTEST GROWING MARKET $920kCuba
2023
PRODUCT COMPLEXITY IN Margarine-0.85Rnk 793 / 1025
2023
Imports $14.4MWorld Rnk 86 / 221
Flag Rnk 292 / 1173
2023
Origin $1.44M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $1.44MColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $13.3M in Margarine, making it the 52nd largest exporter of Margarine in the world. At the same year, Margarine was the 74th most exported product in Ecuador. The main destination of Margarine exports from Ecuador are: United States ($4.66M), Panama ($3.37M), Argentina ($1.99M), Peru ($1.01M), and Cuba ($920k).

The fastest growing export markets for Margarine of Ecuador between 2022 and 2023 were Cuba ($920k), Peru ($523k), and Portugal ($340k).

Imports In 2023, Ecuador imported $14.4M in Margarine, becoming the 86th largest importer of Margarine in the world. At the same year, Margarine was the 292nd most imported product in Ecuador. Ecuador imports Margarine primarily from: Colombia ($13.1M), Indonesia ($732k), Argentina ($260k), United States ($125k), and Bolivia ($103k).

The fastest growing import markets in Margarine for Ecuador between 2022 and 2023 were Colombia ($1.44M), Argentina ($221k), and Venezuela ($38.8k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Margarine exports accounted up to $1.42M and imports accounted up to $1.38M, resulting in a positive trade balance of $39.8k. Between December 2020 and December 2021 the exports of Ecuador's   Margarine have increased by $932k (193%) from $483k to $1.42M, while imports increased by $423k (44.4%) from $953k to $1.38M.

Destinations In December 2021, Margarine were exported mostly to Panama ($532k), United States ($463k), Argentina ($339k), Peru ($48.6k), and Puerto Rico ($27.5k), and were imported mostly from Colombia ($1.34M), United States ($33.3k), Germany ($2.84k), and Mexico ($335).

Growth In December 2021, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to United States ($135k or 1.03k%) and Panama ($35.5k or 950%). In December 2021, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from Spain ($1.62k or 27.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$932k(193%)
IMPORT GROWTH (December 2020 - December 2021)$423k(44.4%)
MAIN DESTINATION (December 2021)Panama$532k

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$13.3M
IMPORTS (2023)$14.4M
NET TRADE (2023)-$1.18M

In 2023, Ecuador exported $13.3M in Margarine. The main destinations of Ecuador exports on Margarine were United States ($4.66M), Panama ($3.37M), Argentina ($1.99M), Peru ($1.01M), and Cuba ($920k).

In 2023, Ecuador imported $14.4M in Margarine, mainly from Colombia ($13.1M), Indonesia ($732k), Argentina ($260k), United States ($125k), and Bolivia ($103k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Cuba$920k (1%)
Peru$523k (107%)
Portugal$340k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Ecuador WERE (2022 - 2023):
United States-$910k (-16.3%)
Chile-$751k (-100%)
Argentina-$666k (-25.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Margarine were:
Indonesia $1.61B
Belgium $814M
Netherlands $682M
In 2023, Ecuador's main importing competitors in Margarine were:
China $1.08B
France $521M
Germany $411M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.82M
TOP IMPORT POTENTIALIndonesia+ $866k

Margarine’s highest export potential is United States. With an export gap of $1.82M.   Margarine’s highest import potential is Indonesia with an import gap of $866k.

See methodology.

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