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2022
Exports $23.9MWorld Rnk 74 / 171
Flag Rnk 61 / 1017
2022
Destination $5.76M Colombia
2021 - 2022
FASTEST GROWING MARKET $5.76MColombia
2022
PRODUCT COMPLEXITY IN Raw Sugar-1.78Rnk 979 / 1025
2022
Imports $37.2MWorld Rnk 111 / 224
Flag Rnk 146 / 1175
2022
Origin $14.6M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $14.6MColombia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

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).

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
Flow
Color
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
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).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$5.76M (128%)
United States$2.12M (26%)
Peru$557k (2.78k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Ecuador WERE (2021 - 2022):
Italy-$132k (-15.9%)
Spain-$79.4k (-7.46%)
Netherlands-$26.6k (-23%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Raw Sugar were:
Brazil $11.5B
India $6.03B
Thailand $3.22B
In 2022, Ecuador's main importing competitors in Raw Sugar were:
Indonesia $2.37B
China $2.25B
United States $1.94B

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.96M
TOP IMPORT POTENTIALBolivia+ $112k

Raw Sugar’s highest export potential is United States. With an export gap of $4.96M.   Raw Sugar’s highest import potential is Bolivia with an import gap of $112k.

See methodology.

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