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2023
Exports $548kWorld Rnk 96 / 187
Flag Rnk 321 / 1002
2023
Destination $25.2k United States
2022 - 2023
FASTEST GROWING MARKET $25.2kPeru
2023
PRODUCT COMPLEXITY IN Other Pure Vegetable Oils-1.06Rnk 848 / 1025
2023
Imports $904kWorld Rnk 129 / 223
Flag Rnk 774 / 1173
2023
Origin $55.9k Colombia
2022 - 2023
FASTEST GROWING ORIGIN $55.9kColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $548k in Other Pure Vegetable Oils, making it the 96th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 321st most exported product in Ecuador. The main destination of Other Pure Vegetable Oils exports from Ecuador are: United States ($397k), Peru ($39k), Germany ($35.4k), Spain ($33.6k), and Costa Rica ($9.48k).

The fastest growing export markets for Other Pure Vegetable Oils of Ecuador between 2022 and 2023 were Peru ($25.2k), Germany ($24.3k), and Spain ($22k).

Imports In 2023, Ecuador imported $904k in Other Pure Vegetable Oils, becoming the 129th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 774th most imported product in Ecuador. Ecuador imports Other Pure Vegetable Oils primarily from: Colombia ($490k), United States ($134k), Argentina ($76.5k), China ($72.8k), and Italy ($46.4k).

The fastest growing import markets in Other Pure Vegetable Oils for Ecuador between 2022 and 2023 were Colombia ($55.9k), Brazil ($16.1k), and China ($14.8k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Other Pure Vegetable Oils exports accounted up to $84.6k and imports accounted up to $102k, resulting in a negative trade balance of $17.1k. Between December 2020 and December 2021 the exports of Ecuador's   Other Pure Vegetable Oils have increased by $64k (310%) from $20.6k to $84.6k, while imports increased by $30.7k (43.2%) from $71.1k to $102k.

Destinations In December 2021, Other Pure Vegetable Oils were exported mostly to United Kingdom ($57.9k), United States ($23.6k), and Canada ($3.17k), and were imported mostly from Colombia ($72.8k), Italy ($26.9k), and United States ($2.1k).

Growth In December 2021, the increase in Other Pure Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to United States ($26.5k or 256%). In December 2021, the increase in Other Pure Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from United States ($12.3k or 189%), France ($3.18k or 13.9k%), and Brazil ($523 or 217%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$64k(310%)
IMPORT GROWTH (December 2020 - December 2021)$30.7k(43.2%)
MAIN DESTINATION (December 2021)United Kingdom$57.9k

This section shows Other Pure Vegetable Oils'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 Other Pure Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$548k
IMPORTS (2023)$904k
NET TRADE (2023)-$357k

In 2023, Ecuador exported $548k in Other Pure Vegetable Oils. The main destinations of Ecuador exports on Other Pure Vegetable Oils were United States ($397k), Peru ($39k), Germany ($35.4k), Spain ($33.6k), and Costa Rica ($9.48k).

In 2023, Ecuador imported $904k in Other Pure Vegetable Oils, mainly from Colombia ($490k), United States ($134k), Argentina ($76.5k), China ($72.8k), and Italy ($46.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Pure Vegetable Oils EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Peru$25.2k (184%)
Germany$24.3k (220%)
Spain$22k (189%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Pure Vegetable Oils BY Ecuador WERE (2022 - 2023):
United States-$540k (-57.6%)
Cuba-$125k (-100%)
United Kingdom-$55.8k (-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 Other Pure Vegetable Oils were:
India $1.17B
United States $491M
Mexico $396M
In 2023, Ecuador's main importing competitors in Other Pure Vegetable Oils were:
United States $929M
China $649M
France $391M

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Trade Value of Other Pure Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $700k
TOP IMPORT POTENTIALItaly+ $90k

Other Pure Vegetable Oils’s highest export potential is United States. With an export gap of $700k.   Other Pure Vegetable Oils’s highest import potential is Italy with an import gap of $90k.

See methodology.

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