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2022
Exports $28.4MWorld Rnk 43 / 176
Flag Rnk 53 / 1017
2022
Destination $17.4M Colombia
2021 - 2022
FASTEST GROWING MARKET $17.4MColombia
2022
PRODUCT COMPLEXITY IN Rice-1.95Rnk 998 / 1025
2022
Imports $962kWorld Rnk 187 / 221
Flag Rnk 781 / 1175
2022
Origin $123k United States
2021 - 2022
FASTEST GROWING ORIGIN $123kItaly
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $28.4M in Rice, making it the 43rd largest exporter of Rice in the world. At the same year, Rice was the 53rd most exported product in Ecuador. The main destination of Rice exports from Ecuador are: Colombia ($26.6M), Peru ($762k), Guatemala ($400k), Angola ($223k), and Costa Rica ($155k).

The fastest growing export markets for Rice of Ecuador between 2021 and 2022 were Colombia ($17.4M), Peru ($742k), and Angola ($223k).

Imports In 2018, Ecuador imported $962k in Rice, becoming the 187th largest importer of Rice in the world. At the same year, Rice was the 781st most imported product in Ecuador. Ecuador imports Rice primarily from: United States ($398k), Italy ($233k), Peru ($121k), Spain ($98.7k), and Argentina ($83.8k).

The fastest growing import markets in Rice for Ecuador between 2021 and 2022 were Italy ($123k), Argentina ($63.4k), and Spain ($59.9k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Rice exports accounted up to $5.5M and imports accounted up to $44.1k, resulting in a positive trade balance of $5.45M. Between December 2020 and December 2021 the exports of Ecuador's   Rice have increased by $5.16M (1.51k%) from $341k to $5.5M, while imports decreased by $-58.1k (-56.8%) from $102k to $44.1k.

Destinations In December 2021, Rice were exported mostly to Colombia ($5.15M), Guatemala ($251k), Costa Rica ($79.4k), and Peru ($20.1k), and were imported mostly from United States ($41.3k) and Italy ($2.8k).

Growth In December 2021, the increase in Rice's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Rice's year-by-year imports was explained primarily by a decrease in imports from United States ($-37.2k or -42.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$5.16M(1.51k%)
IMPORT GROWTH (December 2020 - December 2021)$-58.1k(-56.8%)
MAIN DESTINATION (December 2021)Colombia$5.15M

This section shows Rice'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 Rice over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$28.4M
IMPORTS (2022)$962k
NET TRADE (2022)$27.5M

In 2022, Ecuador exported $28.4M in Rice. The main destinations of Ecuador exports on Rice were Colombia ($26.6M), Peru ($762k), Guatemala ($400k), Angola ($223k), and Costa Rica ($155k).

In 2022, Ecuador imported $962k in Rice, mainly from United States ($398k), Italy ($233k), Peru ($121k), Spain ($98.7k), and Argentina ($83.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rice EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$17.4M (191%)
Peru$742k (3.72k%)
Angola$223k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY Ecuador WERE (2021 - 2022):
Guatemala-$853k (-68.1%)
Costa Rica-$665k (-81.1%)
Ghana-$219k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Rice were:
India $11.1B
Thailand $4.29B
Vietnam $3.18B
In 2022, Ecuador's main importing competitors in Rice were:
China $2.46B
Philippines $1.63B
Saudi Arabia $1.23B

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Trade Value of Rice by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $577k
TOP IMPORT POTENTIALUnited States+ $201k

Rice’s highest export potential is Peru. With an export gap of $577k.   Rice’s highest import potential is United States with an import gap of $201k.

See methodology.

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