Vitamins in Ecuador | The Observatory of Economic Complexity

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Exports In 2023, Ecuador exported $1.54M in Vitamins, making it the 56th largest exporter of Vitamins in the world. At the same year, Vitamins was the 207th most exported product in Ecuador. The main destination of Vitamins exports from Ecuador are: Venezuela ($620k), Costa Rica ($485k), Colombia ($91.4k), Peru ($90.5k), and Chile ($71k).

The fastest growing export markets for Vitamins of Ecuador between 2022 and 2023 were Chile ($67.8k), Guatemala ($64.7k), and Colombia ($51.1k).

Imports In 2023, Ecuador imported $24.6M in Vitamins, becoming the 52nd largest importer of Vitamins in the world. At the same year, Vitamins was the 199th most imported product in Ecuador. Ecuador imports Vitamins primarily from: China ($11.9M), Colombia ($2.4M), Switzerland ($2.15M), United States ($1.71M), and Netherlands ($1.29M).

The fastest growing import markets in Vitamins for Ecuador between 2022 and 2023 were Colombia ($278k), Slovakia ($219k), and Spain ($87.9k).

COMPANIES In 2021, leading companies such as Goya Foods (1) were at the forefront of shipping Vitamins from Ecuador to the United States.

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Vitamins exports accounted up to $172k and imports accounted up to $2.28M, resulting in a negative trade balance of $2.11M. Between December 2020 and December 2021 the exports of Ecuador's Vitamins have increased by $86.7k (102%) from $84.9k to $172k, while imports increased by $924k (68.1%) from $1.36M to $2.28M.

Destinations In December 2021, Vitamins were exported mostly to Venezuela ($93.3k), Costa Rica ($68.8k), United States ($5.25k), and Colombia ($4.25k), and were imported mostly from China ($1.52M), Panama ($275k), Colombia ($180k), India ($121k), and Germany ($94.9k).

Growth In December 2021, the increase in Vitamins's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Vitamins's year-by-year imports was explained primarily by an increase in imports from United States ($223k or 20.9k%), Switzerland ($216k or 490%), and Colombia ($119k or 161%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$86.7k(102%)

IMPORT GROWTH (December 2020 - December 2021)$924k(68.1%)

MAIN DESTINATION (December 2021)Venezuela$93.3k

This section shows Vitamins'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 Vitamins over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.54M

IMPORTS (2023)$24.6M

NET TRADE (2023)-$23M

In 2023, Ecuador exported $1.54M in Vitamins. The main destinations of Ecuador exports on Vitamins were Venezuela ($620k), Costa Rica ($485k), Colombia ($91.4k), Peru ($90.5k), and Chile ($71k).

In 2023, Ecuador imported $24.6M in Vitamins, mainly from China ($11.9M), Colombia ($2.4M), Switzerland ($2.15M), United States ($1.71M), and Netherlands ($1.29M).

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