Processed Fish in Ecuador 2021 Exports | Imports : $1.27B | $15.4M, World Rnk 3 / 173 Rnk 5 / 984 | World Rnk 102 / 221 Rnk 257 / 1165
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $77.5M | $8.49M, Spain | China
2021 ECONOMIC COMPLEXITY of Ecuador: -0.89, Rnk 104 / 131
2021 PRODUCT COMPLEXITY IN Processed Fish: -1.52, Rnk 958 / 1029
Exports In 2021, Ecuador exported $1.27B 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 ($257M), Colombia ($157M), United Kingdom ($137M), United States ($125M), and Italy ($116M).
The fastest growing export markets for Processed Fish of Ecuador between 2020 and 2021 were Spain ($77.5M), United Kingdom ($29.4M), and Argentina ($19.6M).
Imports In 2021, Ecuador imported $15.4M in Processed Fish, becoming the 102nd largest importer of Processed Fish in the world. At the same year, Processed Fish was the 257th most imported product in Ecuador. Ecuador imports Processed Fish primarily from: China ($10.8M), Indonesia ($1.39M), United States ($1.17M), Peru ($640k), and Netherlands ($384k).
The fastest growing import markets in Processed Fish for Ecuador between 2020 and 2021 were China ($8.49M), United States ($920k), and Peru ($640k).
Tariffs In 2018, the average tariff for Ecuador in Processed Fish was 28.8%. The countries with the highest import tariffs for Processed Fish were Cyprus (Most Favoured Nation duty rate treatment, 30%), Austria (Most Favoured Nation duty rate treatment, 30%), Belgium (Most Favoured Nation duty rate treatment, 30%), Bulgaria (Most Favoured Nation duty rate treatment, 30%), and Czechia (Most Favoured Nation duty rate treatment, 30%).
December 2021
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%).
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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EXPORTS (2021): $1.27B
IMPORTS (2021): $15.4M
NET TRADE (2021): $1.25B
In 2021, Ecuador exported $1.27B in Processed Fish. The main destinations of Ecuador exports on Processed Fish were Spain ($257M), Colombia ($157M), United Kingdom ($137M), United States ($125M), and Italy ($116M).
In 2021, Ecuador imported $15.4M in Processed Fish, mainly from China ($10.8M), Indonesia ($1.39M), United States ($1.17M), Peru ($640k), and Netherlands ($384k).
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Ecuador WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Ecuador WERE (2020 - 2021):
In 2021, Ecuador's main exporting competitors in Processed Fish were:
In 2021, Ecuador's main importing competitors in Processed Fish were:
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