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2023
Exports $3.97MWorld Rnk 62 / 150
Flag Rnk 133 / 1002
2023
Destination $272k Colombia
2022 - 2023
FASTEST GROWING MARKET $272kPeru
2023
PRODUCT COMPLEXITY IN Seed Oils-0.97Rnk 825 / 1025
2023
Imports $48.3MWorld Rnk 53 / 216
Flag Rnk 104 / 1173
2023
Origin $1M Bolivia
2022 - 2023
FASTEST GROWING ORIGIN $1MArgentina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $3.97M in Seed Oils, making it the 62nd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 133rd most exported product in Ecuador. The main destination of Seed Oils exports from Ecuador are: Colombia ($3.16M), Peru ($272k), Panama ($262k), United States ($107k), and Canada ($50k).

The fastest growing export markets for Seed Oils of Ecuador between 2022 and 2023 were Peru ($272k), Panama ($137k), and Canada ($50k).

Imports In 2023, Ecuador imported $48.3M in Seed Oils, becoming the 53rd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 104th most imported product in Ecuador. Ecuador imports Seed Oils primarily from: Bolivia ($39.9M), Argentina ($7M), Italy ($668k), Chile ($329k), and Spain ($171k).

The fastest growing import markets in Seed Oils for Ecuador between 2022 and 2023 were Argentina ($1M), Chile ($329k), and Spain ($160k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Seed Oils exports accounted up to $308k and imports accounted up to $4.16M, resulting in a negative trade balance of $3.85M. Between December 2020 and December 2021 the exports of Ecuador's   Seed Oils have increased by $152k (97.8%) from $156k to $308k, while imports increased by $2.29M (123%) from $1.87M to $4.16M.

Destinations In December 2021, Seed Oils were exported mostly to Colombia ($308k) and Rest of the world ($346), and were imported mostly from Bolivia ($3.66M), Ukraine ($192k), Italy ($158k), Argentina ($148k), and Spain ($2.09k).

Growth In December 2021, the increase in Seed Oils's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from Bolivia ($5.98M or 557%) and Ecuador ($38.1k or 1.25k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$152k(97.8%)
IMPORT GROWTH (December 2020 - December 2021)$2.29M(123%)
MAIN DESTINATION (December 2021)Colombia$308k

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.97M
IMPORTS (2023)$48.3M
NET TRADE (2023)-$44.4M

In 2023, Ecuador exported $3.97M in Seed Oils. The main destinations of Ecuador exports on Seed Oils were Colombia ($3.16M), Peru ($272k), Panama ($262k), United States ($107k), and Canada ($50k).

In 2023, Ecuador imported $48.3M in Seed Oils, mainly from Bolivia ($39.9M), Argentina ($7M), Italy ($668k), Chile ($329k), and Spain ($171k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Peru$272k (1%)
Panama$137k (110%)
Canada$50k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Ecuador WERE (2022 - 2023):
Senegal-$2.29M (-100%)
Colombia-$872k (-21.6%)
Venezuela-$268k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Ecuador's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $237k
TOP IMPORT POTENTIALItaly+ $481k

Seed Oils’s highest export potential is Spain. With an export gap of $237k.   Seed Oils’s highest import potential is Italy with an import gap of $481k.

See methodology.

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