Raw Sugar in Ecuador | The Observatory of Economic Complexity

About

Exports In 2022, Ecuador exported $23.9M in Raw Sugar, making it the 74th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 61st most exported product in Ecuador. The main destination of Raw Sugar exports from Ecuador are: Colombia ($10.3M), United States ($10.3M), Spain ($986k), Italy ($698k), and Peru ($577k).

The fastest growing export markets for Raw Sugar of Ecuador between 2021 and 2022 were Colombia ($5.76M), United States ($2.12M), and Peru ($557k).

Imports In 2022, Ecuador imported $37.2M in Raw Sugar, becoming the 111th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 146th most imported product in Ecuador. Ecuador imports Raw Sugar primarily from: Colombia ($25.7M), Peru ($11.4M), United States ($68.3k), Bolivia ($44.1k), and Nicaragua ($42.3k).

The fastest growing import markets in Raw Sugar for Ecuador between 2021 and 2022 were Colombia ($14.6M), Peru ($10M), and United States ($34.1k).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Raw Sugar from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Raw Sugar exports accounted up to $618k and imports accounted up to $1.2M, resulting in a negative trade balance of $579k. Between December 2020 and December 2021 the exports of Ecuador's Raw Sugar have decreased by $-1.35M (-68.6%) from $1.96M to $618k, while imports increased by $627k (110%) from $569k to $1.2M.

Destinations In December 2021, Raw Sugar were exported mostly to Colombia ($440k), Spain ($57.1k), Italy ($55.8k), Germany ($30k), and Netherlands ($27.3k), and were imported mostly from Colombia ($889k), Guatemala ($164k), Bolivia ($126k), Peru ($16.4k), and United States ($346).

Growth In December 2021, the decrease in Raw Sugar's year-by-year exports was explained primarily by a decrease in exports to Spain ($-84.7k or -71.3%) and Germany ($-3.4k or -10.2%). In December 2021, the increase in Raw Sugar's year-by-year imports was explained primarily by an increase in imports from Peru ($21.7k or 315%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$-1.35M(-68.6%)

IMPORT GROWTH (December 2020 - December 2021)$627k(110%)

MAIN DESTINATION (December 2021)Colombia$440k

This section shows Raw Sugar'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 Raw Sugar over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$23.9M

IMPORTS (2022)$37.2M

NET TRADE (2022)-$13.4M

In 2022, Ecuador exported $23.9M in Raw Sugar. The main destinations of Ecuador exports on Raw Sugar were Colombia ($10.3M), United States ($10.3M), Spain ($986k), Italy ($698k), and Peru ($577k).

In 2022, Ecuador imported $37.2M in Raw Sugar, mainly from Colombia ($25.7M), Peru ($11.4M), United States ($68.3k), Bolivia ($44.1k), and Nicaragua ($42.3k).

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