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2022
Exports $1.5BWorld Rnk 3 / 179
Flag Rnk 5 / 1017
2022
Destination $117M Spain
2021 - 2022
FASTEST GROWING MARKET $117MSpain
2022
PRODUCT COMPLEXITY IN Processed Fish-1.45Rnk 941 / 1025
2022
Imports $8.65MWorld Rnk 129 / 222
Flag Rnk 399 / 1175
2022
Origin $2.28M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $2.28MIndonesia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.5B in Processed Fish, making it the 3rd largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 5th most exported product in Ecuador. The main destination of Processed Fish exports from Ecuador are: Spain ($374M), United States ($193M), Colombia ($168M), Italy ($115M), and United Kingdom ($111M).

The fastest growing export markets for Processed Fish of Ecuador between 2021 and 2022 were Spain ($117M), United States ($67.3M), and Chile ($28.5M).

Imports In 2022, Ecuador imported $8.65M in Processed Fish, becoming the 129th largest importer of Processed Fish in the world. At the same year, Processed Fish was the 399th most imported product in Ecuador. Ecuador imports Processed Fish primarily from: Indonesia ($3.67M), China ($2.54M), Guatemala ($969k), Peru ($597k), and United States ($428k).

The fastest growing import markets in Processed Fish for Ecuador between 2021 and 2022 were Indonesia ($2.28M), Guatemala ($926k), and Colombia ($107k).

COMPANIES In 2021, leading companies such as Goya Foods (36) were at the forefront of shipping Processed Fish from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Processed Fish exports accounted up to $109M and imports accounted up to $131k, resulting in a positive trade balance of $109M. Between December 2020 and December 2021 the exports of Ecuador's   Processed Fish have decreased by $-2.02M (-1.81%) from $111M to $109M, while imports increased by $24.3k (22.7%) from $107k to $131k.

Destinations In December 2021, Processed Fish were exported mostly to Spain ($24M), Colombia ($12.6M), United States ($11.6M), Italy ($8.83M), and United Kingdom ($8M), and were imported mostly from United States ($116k), Spain ($5.92k), Panama ($5.32k), and China ($3.91k).

Growth In December 2021, the decrease in Processed Fish's year-by-year exports was explained primarily by a decrease in exports to Spain ($-13.2M or -60.3%), Germany ($-1.24M or -41.2%), and Italy ($-990k or -13.7%). In December 2021, the increase in Processed Fish's year-by-year imports was explained primarily by an increase in imports from United States ($35.9k or 553%), Spain ($21.9k or 345%), and Chile ($1.41k or 33.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-2.02M(-1.81%)
IMPORT GROWTH (December 2020 - December 2021)$24.3k(22.7%)
MAIN DESTINATION (December 2021)Spain$24M

This section shows Processed Fish'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 Fish over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.5B
IMPORTS (2022)$8.65M
NET TRADE (2022)$1.49B

In 2022, Ecuador exported $1.5B in Processed Fish. The main destinations of Ecuador exports on Processed Fish were Spain ($374M), United States ($193M), Colombia ($168M), Italy ($115M), and United Kingdom ($111M).

In 2022, Ecuador imported $8.65M in Processed Fish, mainly from Indonesia ($3.67M), China ($2.54M), Guatemala ($969k), Peru ($597k), and United States ($428k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Spain$117M (45.4%)
United States$67.3M (53.8%)
Chile$28.5M (69.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Ecuador WERE (2021 - 2022):
Netherlands-$51.9M (-47.1%)
United Kingdom-$25.7M (-18.8%)
Austria-$2.52M (-93%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Processed Fish were:
China $3.71B
Thailand $3.1B
In 2022, Ecuador's main importing competitors in Processed Fish were:
United States $2.22B
Japan $1.73B
Italy $1.31B

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $50.6M
TOP IMPORT POTENTIALChina+ $872k

Processed Fish’s highest export potential is United States. With an export gap of $50.6M.   Processed Fish’s highest import potential is China with an import gap of $872k.

See methodology.

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