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2022
Exports $25.4kWorld Rnk 109 / 149
Flag Rnk 694 / 1017
2022
Destination $7.02k United States
2021 - 2022
FASTEST GROWING MARKET $7.02kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Cereal Meal and Pellets-1.07Rnk 850 / 1025
2022
Imports $2.71MWorld Rnk 81 / 211
Flag Rnk 610 / 1175
2022
Origin $516k Mexico
2021 - 2022
FASTEST GROWING ORIGIN $516kMexico
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $25.4k in Cereal Meal and Pellets, making it the 109th largest exporter of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 694th most exported product in Ecuador. The main destination of Cereal Meal and Pellets exports from Ecuador are: United States ($14.1k), United Kingdom ($7.02k), Hong Kong ($3.85k), Bahamas ($301), and Germany ($62).

The fastest growing export markets for Cereal Meal and Pellets of Ecuador between 2021 and 2022 were United Kingdom ($7.02k), Hong Kong ($3.85k), and Bahamas ($301).

Imports In 2022, Ecuador imported $2.71M in Cereal Meal and Pellets, becoming the 81st largest importer of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 610th most imported product in Ecuador. Ecuador imports Cereal Meal and Pellets primarily from: Mexico ($1.14M), Colombia ($1.08M), Peru ($458k), United States ($23.1k), and South Korea ($3.52k).

The fastest growing import markets in Cereal Meal and Pellets for Ecuador between 2021 and 2022 were Mexico ($516k), Colombia ($261k), and South Korea ($3.52k).

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Cereal Meal and Pellets exports accounted up to $997 and imports accounted up to $270k, resulting in a negative trade balance of $269k. Between October 2019 and November 2021 the exports of Ecuador's   Cereal Meal and Pellets have decreased by $-80 (-7.42%) from $1.08k to $997, while imports decreased by $-70.1k (-20.6%) from $340k to $270k.

Destinations In November 2021, Cereal Meal and Pellets were exported mostly to , and were imported mostly from N/A.

Growth In November 2021, the decrease in Cereal Meal and Pellets's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Cereal Meal and Pellets's year-by-year imports was explained primarily by a decrease in imports from Colombia ($-28.9k or -49.8%), United States ($-1.14k or -8.72%), and Brazil ($-620 or -6.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2019 - November 2021)$-80(-7.42%)
IMPORT GROWTH (December 2020 - December 2021)$-70.1k(-20.6%)
MAIN DESTINATION (November 2021)

This section shows Cereal 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 Cereal Meal and Pellets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.4k
IMPORTS (2022)$2.71M
NET TRADE (2022)-$2.68M

In 2022, Ecuador exported $25.4k in Cereal Meal and Pellets. The main destinations of Ecuador exports on Cereal Meal and Pellets were United States ($14.1k), United Kingdom ($7.02k), Hong Kong ($3.85k), Bahamas ($301), and Germany ($62).

In 2022, Ecuador imported $2.71M in Cereal Meal and Pellets, mainly from Mexico ($1.14M), Colombia ($1.08M), Peru ($458k), United States ($23.1k), and South Korea ($3.52k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cereal Meal and Pellets EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United Kingdom$7.02k (1%)
Hong Kong$3.85k (1%)
Bahamas$301 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereal Meal and Pellets BY Ecuador WERE (2021 - 2022):
United States-$23k (-61.9%)
Peru-$10.6k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Cereal Meal and Pellets were:
Canada $220M
Italy $141M
Turkey $124M
In 2022, Ecuador's main importing competitors in Cereal Meal and Pellets were:
United States $256M
Malaysia $137M
Germany $86.1M

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Trade Value of Cereal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.97k
TOP IMPORT POTENTIALUnited States+ $36k

Cereal Meal and Pellets’s highest export potential is United States. With an export gap of $7.97k.   Cereal Meal and Pellets’s highest import potential is United States with an import gap of $36k.

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