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2022
Exports $1.22MWorld Rnk 86 / 194
Flag Rnk 245 / 1017
2022
Destination $93.3k United States
2021 - 2022
FASTEST GROWING MARKET $93.3kColombia
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $727kWorld Rnk 142 / 223
Flag Rnk 817 / 1175
2022
Origin $75.9k India
2021 - 2022
FASTEST GROWING ORIGIN $75.9kGermany
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.22M in Spices, making it the 86th largest exporter of Spices in the world. At the same year, Spices was the 245th most exported product in Ecuador. The main destination of Spices exports from Ecuador are: United States ($724k), Colombia ($224k), Panama ($172k), United Kingdom ($41.3k), and Spain ($26.4k).

The fastest growing export markets for Spices of Ecuador between 2021 and 2022 were Colombia ($93.3k), United States ($49.2k), and United Kingdom ($41.3k).

Imports In 2022, Ecuador imported $727k in Spices, becoming the 142nd largest importer of Spices in the world. At the same year, Spices was the 817th most imported product in Ecuador. Ecuador imports Spices primarily from: India ($139k), Germany ($138k), United States ($111k), Peru ($107k), and Turkey ($106k).

The fastest growing import markets in Spices for Ecuador between 2021 and 2022 were Germany ($75.9k), Peru ($64.1k), and Turkey ($27.4k).

COMPANIES In 2021, leading companies such as Continental Tire (7) were at the forefront of shipping Spices from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Spices exports accounted up to $179k and imports accounted up to $5.54k, resulting in a positive trade balance of $174k. Between December 2020 and December 2021 the exports of Ecuador's   Spices have increased by $167k (1.39k%) from $12k to $179k, while imports increased by $2.17k (64.3%) from $3.37k to $5.54k.

Destinations In December 2021, Spices were exported mostly to United States ($91.2k), Panama ($54.2k), Russia ($21.8k), and Colombia ($11.8k), and were imported mostly from Brazil ($4.44k) and United States ($1.11k).

Growth In December 2021, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to Colombia ($35.8k or 3.58k%). In December 2021, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Poland ($732 or 58.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$167k(1.39k%)
IMPORT GROWTH (December 2020 - December 2021)$2.17k(64.3%)
MAIN DESTINATION (December 2021)United States$91.2k

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.22M
IMPORTS (2022)$727k
NET TRADE (2022)$491k

In 2022, Ecuador exported $1.22M in Spices. The main destinations of Ecuador exports on Spices were United States ($724k), Colombia ($224k), Panama ($172k), United Kingdom ($41.3k), and Spain ($26.4k).

In 2022, Ecuador imported $727k in Spices, mainly from India ($139k), Germany ($138k), United States ($111k), Peru ($107k), and Turkey ($106k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$93.3k (71.7%)
United States$49.2k (7.29%)
United Kingdom$41.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Ecuador WERE (2021 - 2022):
Dominican Republic-$438k (-100%)
Russia-$21.8k (-100%)
Canada-$20k (-62.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Ecuador's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $473k
TOP IMPORT POTENTIALIndia+ $104k

Spices’s highest export potential is United States. With an export gap of $473k.   Spices’s highest import potential is India with an import gap of $104k.

See methodology.

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