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2022
Exports $193MWorld Rnk 18 / 149
Flag Rnk 15 / 1017
2022
Destination $25.4M Colombia
2021 - 2022
FASTEST GROWING MARKET $25.4MUnited States
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $60.6MWorld Rnk 83 / 208
Flag Rnk 84 / 1175
2022
Origin $19.2M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $19.2MPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $193M in Palm Oil, making it the 18th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 15th most exported product in Ecuador. The main destination of Palm Oil exports from Ecuador are: Colombia ($92.9M), United States ($32.6M), Mexico ($25.7M), Netherlands ($12.9M), and Spain ($7.76M).

The fastest growing export markets for Palm Oil of Ecuador between 2021 and 2022 were United States ($25.4M), Colombia ($23.3M), and Mexico ($11.9M).

Imports In 2022, Ecuador imported $60.6M in Palm Oil, becoming the 83rd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 84th most imported product in Ecuador. Ecuador imports Palm Oil primarily from: Colombia ($26M), Peru ($19.6M), Indonesia ($7.45M), Malaysia ($7.13M), and Mexico ($326k).

The fastest growing import markets in Palm Oil for Ecuador between 2021 and 2022 were Peru ($19.2M), Malaysia ($7.13M), and Mexico ($56.9k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Palm Oil exports accounted up to $14.5M and imports accounted up to $35.6k, resulting in a positive trade balance of $14.5M. Between December 2020 and December 2021 the exports of Ecuador's   Palm Oil have increased by $2.78M (23.7%) from $11.7M to $14.5M, while imports decreased by $-426k (-92.3%) from $462k to $35.6k.

Destinations In December 2021, Palm Oil were exported mostly to Colombia ($7.03M), Mexico ($3.6M), Dominican Republic ($1.75M), Netherlands ($731k), and United States ($566k), and were imported mostly from Mexico ($35.6k).

Growth In December 2021, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to Netherlands ($186k or 39.1%), Panama ($27.4k or 35.5%), and United States ($7.21k or 1.03%). In December 2021, the decrease in Palm 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)$2.78M(23.7%)
IMPORT GROWTH (September 2020 - December 2021)$-426k(-92.3%)
MAIN DESTINATION (December 2021)Colombia$7.03M

This section shows Palm 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 Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$193M
IMPORTS (2022)$60.6M
NET TRADE (2022)$133M

In 2022, Ecuador exported $193M in Palm Oil. The main destinations of Ecuador exports on Palm Oil were Colombia ($92.9M), United States ($32.6M), Mexico ($25.7M), Netherlands ($12.9M), and Spain ($7.76M).

In 2022, Ecuador imported $60.6M in Palm Oil, mainly from Colombia ($26M), Peru ($19.6M), Indonesia ($7.45M), Malaysia ($7.13M), and Mexico ($326k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$25.4M (354%)
Colombia$23.3M (33.5%)
Mexico$11.9M (85.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Ecuador WERE (2021 - 2022):
Netherlands-$9.02M (-41.2%)
Dominican Republic-$6.08M (-99.9%)
Venezuela-$5.38M (-93.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Ecuador's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.6M
TOP IMPORT POTENTIALIndonesia+ $5.88M

Palm Oil’s highest export potential is United States. With an export gap of $15.6M.   Palm Oil’s highest import potential is Indonesia with an import gap of $5.88M.

See methodology.

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