2023
Exports
$200World Rnk 116 / 121
Flag Rnk 952 / 1002
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$689MWorld Rnk 18 / 175
Flag Rnk 5 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $200 in Soybean Meal, making it the 116th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 952nd most exported product in Ecuador. The main destination of Soybean Meal exports from Ecuador are: Netherlands ($200).

The fastest growing export markets for Soybean Meal of Ecuador between 2022 and 2023 were Netherlands ($130).

Imports In 2023, Ecuador imported $689M in Soybean Meal, becoming the 18th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 5th most imported product in Ecuador. Ecuador imports Soybean Meal primarily from: United States ($457M), Argentina ($186M), Bolivia ($32.7M), Paraguay ($12.3M), and China ($1.68M).

The fastest growing import markets in Soybean Meal for Ecuador between 2022 and 2023 were United States ($62.1M), Paraguay ($12.3M), and China ($510k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybean Meal. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$200
IMPORTS (2023)$689M
NET TRADE (2023)-$689M

In 2023, Ecuador exported $200 in Soybean Meal. The main destinations of Ecuador exports on Soybean Meal were Netherlands ($200).

In 2023, Ecuador imported $689M in Soybean Meal, mainly from United States ($457M), Argentina ($186M), Bolivia ($32.7M), Paraguay ($12.3M), and China ($1.68M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):Netherlands$130 (186%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Ecuador WERE (2022 - 2023):Thailand-$28 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ecuador's main exporting competitors in Soybean Meal were:
In 2023, Ecuador's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $670
TOP IMPORT POTENTIALBolivia+ $4.65M

Soybean Meal’s highest export potential is Colombia. With an export gap of $670.   Soybean Meal’s highest import potential is Bolivia with an import gap of $4.65M.

See methodology.

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