Baked Goods in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $31.4M in Baked Goods, making it the 77th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 51st most exported product in Ecuador. The main destination of Baked Goods exports from Ecuador are: Peru ($17.6M), United States ($5.66M), Chile ($4.27M), Colombia ($832k), and Mexico ($770k).

The fastest growing export markets for Baked Goods of Ecuador between 2021 and 2022 were Peru ($8.01M), United States ($3.01M), and Chile ($1.03M).

Imports In 2022, Ecuador imported $68.2M in Baked Goods, becoming the 82nd largest importer of Baked Goods in the world. At the same year, Baked Goods was the 74th most imported product in Ecuador. Ecuador imports Baked Goods primarily from: Colombia ($26.6M), Peru ($21.5M), United States ($7.9M), Spain ($1.81M), and Argentina ($1.55M).

The fastest growing import markets in Baked Goods for Ecuador between 2021 and 2022 were Colombia ($7.15M), Peru ($4.88M), and United States ($1.92M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Baked Goods exports accounted up to $2.3M and imports accounted up to $3.97M, resulting in a negative trade balance of $1.66M. Between December 2020 and December 2021 the exports of Ecuador's Baked Goods have increased by $1.16M (102%) from $1.14M to $2.3M, while imports increased by $207k (5.5%) from $3.76M to $3.97M.

Destinations In December 2021, Baked Goods were exported mostly to Peru ($1.34M), Chile ($280k), United States ($235k), Mexico ($148k), and Spain ($91.5k), and were imported mostly from Peru ($1.51M), Colombia ($1.4M), Turkey ($178k), Argentina ($160k), and China ($99k).

Growth In December 2021, the increase in Baked Goods's year-by-year exports was explained primarily by an increase in exports to Peru ($525k or 5.43k%), Spain ($37.5k or 122%), and Panama ($5.39k or 327%). In December 2021, the increase in Baked Goods's year-by-year imports was explained primarily by an increase in imports from United States ($171k or 82.4%), Argentina ($151k or 120%), and Spain ($137k or 540%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$1.16M(102%)

IMPORT GROWTH (December 2020 - December 2021)$207k(5.5%)

MAIN DESTINATION (December 2021)Peru$1.34M

This section shows Baked Goods'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 Baked Goods over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$31.4M

IMPORTS (2022)$68.2M

NET TRADE (2022)-$36.8M

In 2022, Ecuador exported $31.4M in Baked Goods. The main destinations of Ecuador exports on Baked Goods were Peru ($17.6M), United States ($5.66M), Chile ($4.27M), Colombia ($832k), and Mexico ($770k).

In 2022, Ecuador imported $68.2M in Baked Goods, mainly from Colombia ($26.6M), Peru ($21.5M), United States ($7.9M), Spain ($1.81M), and Argentina ($1.55M).

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