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2023
Exports $102MWorld Rnk 27 / 133
Flag Rnk 24 / 1002
2023
Destination $31.6M China
2022 - 2023
FASTEST GROWING MARKET $31.6MChina
2023
PRODUCT COMPLEXITY IN Animal Meal and Pellets-1.42Rnk 933 / 1025
2023
Imports $152MWorld Rnk 19 / 167
Flag Rnk 32 / 1173
2023
Origin $11.9M Peru
2022 - 2023
FASTEST GROWING ORIGIN $11.9MChile
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $102M in Animal Meal and Pellets, making it the 27th largest exporter of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 24th most exported product in Ecuador. The main destination of Animal Meal and Pellets exports from Ecuador are: China ($72M), Colombia ($12.4M), Germany ($4.53M), Turkey ($2.68M), and Dominican Republic ($2.4M).

The fastest growing export markets for Animal Meal and Pellets of Ecuador between 2022 and 2023 were China ($31.6M), Germany ($3.9M), and Colombia ($2.76M).

Imports In 2023, Ecuador imported $152M in Animal Meal and Pellets, becoming the 19th largest importer of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 32nd most imported product in Ecuador. Ecuador imports Animal Meal and Pellets primarily from: Peru ($68.1M), United States ($54.9M), Chile ($14.2M), Norway ($8.86M), and Uruguay ($2.53M).

The fastest growing import markets in Animal Meal and Pellets for Ecuador between 2022 and 2023 were Chile ($11.9M), United States ($9.14M), and Norway ($8.49M).

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 (2023)$102M
IMPORTS (2023)$152M
NET TRADE (2023)-$49.9M

In 2023, Ecuador exported $102M in Animal Meal and Pellets. The main destinations of Ecuador exports on Animal Meal and Pellets were China ($72M), Colombia ($12.4M), Germany ($4.53M), Turkey ($2.68M), and Dominican Republic ($2.4M).

In 2023, Ecuador imported $152M in Animal Meal and Pellets, mainly from Peru ($68.1M), United States ($54.9M), Chile ($14.2M), Norway ($8.86M), and Uruguay ($2.53M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Meal and Pellets EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
China$31.6M (78%)
Germany$3.9M (622%)
Colombia$2.76M (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Meal and Pellets BY Ecuador WERE (2022 - 2023):
Guatemala-$2.78M (-89.3%)
Honduras-$1.55M (-90.7%)
Vietnam-$1.37M (-99.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Animal Meal and Pellets were:
United States $1.2B
Peru $952M
India $526M
In 2023, Ecuador's main importing competitors in Animal Meal and Pellets were:
China $3.16B
Vietnam $593M
Norway $480M

Explore Visualizations

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.

See methodology.

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