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2022
Exports $70.4MWorld Rnk 32 / 126
Flag Rnk 32 / 1017
2022
Destination $1.27M China
2021 - 2022
FASTEST GROWING MARKET $1.27MGuatemala
2022
PRODUCT COMPLEXITY IN Animal Meal and Pellets-1.49Rnk 946 / 1025
2022
Imports $165MWorld Rnk 17 / 173
Flag Rnk 34 / 1175
2022
Origin $82.4M Peru
2021 - 2022
FASTEST GROWING ORIGIN $82.4MPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $70.4M in Animal Meal and Pellets, making it the 32nd largest exporter of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 32nd most exported product in Ecuador. The main destination of Animal Meal and Pellets exports from Ecuador are: China ($41M), Colombia ($10.2M), Turkey ($2.98M), Guatemala ($2.51M), and Japan ($2.22M).

The fastest growing export markets for Animal Meal and Pellets of Ecuador between 2021 and 2022 were Guatemala ($1.27M), Vietnam ($1.13M), and Turkey ($1.11M).

Imports In 2022, Ecuador imported $165M in Animal Meal and Pellets, becoming the 17th largest importer of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 34th most imported product in Ecuador. Ecuador imports Animal Meal and Pellets primarily from: Peru ($114M), United States ($46.3M), Chile ($1.7M), Spain ($685k), and Uruguay ($534k).

The fastest growing import markets in Animal Meal and Pellets for Ecuador between 2021 and 2022 were Peru ($82.4M), United States ($12.3M), and Chile ($363k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Animal Meal and Pellets exports accounted up to $6.13M and imports accounted up to $10.4M, resulting in a negative trade balance of $4.22M. Between December 2020 and December 2021 the exports of Ecuador's   Animal Meal and Pellets have increased by $1.4M (29.5%) from $4.73M to $6.13M, while imports increased by $8.26M (394%) from $2.1M to $10.4M.

Destinations In December 2021, Animal Meal and Pellets were exported mostly to China ($3.07M), Colombia ($1.58M), Japan ($575k), Guatemala ($231k), and Honduras ($229k), and were imported mostly from United States ($4.44M), Peru ($4.04M), Panama ($1.41M), Chile ($458k), and Norway ($10.3k).

Growth In December 2021, the increase in Animal Meal and Pellets's year-by-year exports was explained primarily by an increase in exports to China ($2.51M or 236%) and Spain ($20.5k or 90.1%). In December 2021, the increase in Animal Meal and Pellets's year-by-year imports was explained primarily by an increase in imports from United States ($268k or 32.7%) and Spain ($6.14k or 13.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$1.4M(29.5%)
IMPORT GROWTH (December 2020 - December 2021)$8.26M(394%)
MAIN DESTINATION (December 2021)China$3.07M

This section shows Animal Meal and Pellets'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 Animal Meal and Pellets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$70.4M
IMPORTS (2022)$165M
NET TRADE (2022)-$94.1M

In 2022, Ecuador exported $70.4M in Animal Meal and Pellets. The main destinations of Ecuador exports on Animal Meal and Pellets were China ($41M), Colombia ($10.2M), Turkey ($2.98M), Guatemala ($2.51M), and Japan ($2.22M).

In 2022, Ecuador imported $165M in Animal Meal and Pellets, mainly from Peru ($114M), United States ($46.3M), Chile ($1.7M), Spain ($685k), and Uruguay ($534k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Meal and Pellets EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Guatemala$1.27M (103%)
Vietnam$1.13M (411%)
Turkey$1.11M (59.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Meal and Pellets BY Ecuador WERE (2021 - 2022):
China-$26.8M (-39.5%)
Japan-$2.51M (-53.1%)
Chinese Taipei-$1.55M (-57%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Animal Meal and Pellets were:
Peru $1.88B
United States $911M
Chile $423M
In 2022, Ecuador's main importing competitors in Animal Meal and Pellets were:
China $2.9B
Vietnam $626M
Norway $481M

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Trade Value of Animal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13.6M
TOP IMPORT POTENTIALChile+ $1.25M

Animal Meal and Pellets’s highest export potential is China. With an export gap of $13.6M.   Animal Meal and Pellets’s highest import potential is Chile with an import gap of $1.25M.

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