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2023
Exports $112MWorld Rnk 29 / 183
Flag Rnk 20 / 1002
2023
Destination $2.35M United States
2022 - 2023
FASTEST GROWING MARKET $2.35MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2023
Imports $1.07MWorld Rnk 110 / 220
Flag Rnk 745 / 1173
2023
Origin $246k United States
2022 - 2023
FASTEST GROWING ORIGIN $246kSpain
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $112M in Processed Crustaceans, making it the 29th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 20th most exported product in Ecuador. The main destination of Processed Crustaceans exports from Ecuador are: United States ($64.3M), Peru ($6.99M), Chile ($6.3M), Germany ($4.8M), and United Kingdom ($3.53M).

The fastest growing export markets for Processed Crustaceans of Ecuador between 2022 and 2023 were United Kingdom ($2.35M), Italy ($1.75M), and China ($1.69M).

Imports In 2023, Ecuador imported $1.07M in Processed Crustaceans, becoming the 110th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 745th most imported product in Ecuador. Ecuador imports Processed Crustaceans primarily from: United States ($332k), Spain ($306k), Denmark ($203k), India ($83.1k), and Indonesia ($53.9k).

The fastest growing import markets in Processed Crustaceans for Ecuador between 2022 and 2023 were Spain ($246k), Denmark ($203k), and Colombia ($31k).

COMPANIES In 2021, leading companies such as Lawrence Wholesale (39) and Chicken of the Sea (10) were at the forefront of shipping Processed Crustaceans from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Processed Crustaceans exports accounted up to $5.54M and imports accounted up to $67.3k, resulting in a positive trade balance of $5.47M. Between December 2020 and December 2021 the exports of Ecuador's   Processed Crustaceans have increased by $3.29M (147%) from $2.25M to $5.54M, while imports increased by $33.2k (97%) from $34.2k to $67.3k.

Destinations In December 2021, Processed Crustaceans were exported mostly to United States ($4.66M), Chile ($877k), and Rest of the world ($21.8), and were imported mostly from United States ($58.3k) and Spain ($9.08k).

Growth In December 2021, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to United States ($1.03M or 86.2%), Chile ($264k or 127%), and Spain ($49.6k or 838%). In December 2021, the increase in Processed Crustaceans's year-by-year imports was explained primarily by an increase in imports from Spain ($21.3k or 1.59k%) and India ($8.59k or 343%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$3.29M(147%)
IMPORT GROWTH (December 2020 - December 2021)$33.2k(97%)
MAIN DESTINATION (December 2021)United States$4.66M

This section shows Processed Crustaceans'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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$112M
IMPORTS (2023)$1.07M
NET TRADE (2023)$111M

In 2023, Ecuador exported $112M in Processed Crustaceans. The main destinations of Ecuador exports on Processed Crustaceans were United States ($64.3M), Peru ($6.99M), Chile ($6.3M), Germany ($4.8M), and United Kingdom ($3.53M).

In 2023, Ecuador imported $1.07M in Processed Crustaceans, mainly from United States ($332k), Spain ($306k), Denmark ($203k), India ($83.1k), and Indonesia ($53.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United Kingdom$2.35M (198%)
Italy$1.75M (112%)
China$1.69M (1.27k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Ecuador WERE (2022 - 2023):
United States-$20.7M (-24.4%)
Peru-$2.93M (-29.5%)
Germany-$2.77M (-36.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Processed Crustaceans were:
China $2.35B
Vietnam $1.54B
Indonesia $1.35B
In 2023, Ecuador's main importing competitors in Processed Crustaceans were:
United States $3.51B
China $2.24B
Japan $1.81B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALIndonesia+ $160k

Processed Crustaceans’s highest export potential is United States. With an export gap of $13.8M.   Processed Crustaceans’s highest import potential is Indonesia with an import gap of $160k.

See methodology.

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