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2022
Exports $79.9kWorld Rnk 82 / 139
Flag Rnk 567 / 1017
2022
Destination $31.4k United States
2021 - 2022
FASTEST GROWING MARKET $31.4kUnited States
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $16MWorld Rnk 67 / 200
Flag Rnk 287 / 1175
2022
Origin $16M United States
2021 - 2022
FASTEST GROWING ORIGIN $16MUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $79.9k in Soybeans, making it the 82nd largest exporter of Soybeans in the world. At the same year, Soybeans was the 567th most exported product in Ecuador. The main destination of Soybeans exports from Ecuador are: United States ($69.5k), Canada ($10.2k), Netherlands ($162), and Indonesia ($72).

The fastest growing export markets for Soybeans of Ecuador between 2021 and 2022 were United States ($31.4k), Canada ($10.2k), and Netherlands ($155).

Imports In 2022, Ecuador imported $16M in Soybeans, becoming the 67th largest importer of Soybeans in the world. At the same year, Soybeans was the 287th most imported product in Ecuador. Ecuador imports Soybeans primarily from: United States ($16M).

The fastest growing import markets in Soybeans for Ecuador between N/A and 2022 were United States ($16M).

Latest Trends

October 2021

About

Overview In October 2021 Ecuador's Soybeans exports accounted up to $4.48k and imports accounted up to $18.8k, resulting in a negative trade balance of $14.3k. Between May 2013 and October 2021 the exports of Ecuador's   Soybeans have increased by $2.66k (147%) from $1.82k to $4.48k, while imports decreased by $-24.2k (-56.3%) from $42.9k to $18.8k.

Destinations In October 2021, Soybeans were exported mostly to , and were imported mostly from .

Growth In October 2021, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to . In May 2021, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2013 - October 2021)$2.66k(147%)
IMPORT GROWTH (June 2015 - May 2021)$-24.2k(-56.3%)
MAIN DESTINATION (October 2021)

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$79.9k
IMPORTS (2022)$16M
NET TRADE (2022)-$15.9M

In 2022, Ecuador exported $79.9k in Soybeans. The main destinations of Ecuador exports on Soybeans were United States ($69.5k), Canada ($10.2k), Netherlands ($162), and Indonesia ($72).

In 2022, Ecuador imported $16M in Soybeans, mainly from United States ($16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$31.4k (82.4%)
Canada$10.2k (1%)
Netherlands$155 (2.21k%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, Ecuador's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $9.17k
TOP IMPORT POTENTIALUnited States+ $4.13M

Soybeans’s highest export potential is Canada. With an export gap of $9.17k.   Soybeans’s highest import potential is United States with an import gap of $4.13M.

See methodology.

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