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2023
Exports $17.6MWorld Rnk 27 / 128
Flag Rnk 62 / 1002
2023
Destination $1.75M Peru
2022 - 2023
FASTEST GROWING MARKET $1.75MGermany
2023
PRODUCT COMPLEXITY IN Cocoa Butter-1.34Rnk 911 / 1025
2023
Imports $290kWorld Rnk 87 / 179
Flag Rnk 906 / 1173
2023
Origin $20k Brazil
2022 - 2023
FASTEST GROWING ORIGIN $20kBrazil
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $17.6M in Cocoa Butter, making it the 27th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 62nd most exported product in Ecuador. The main destination of Cocoa Butter exports from Ecuador are: Peru ($6.45M), United States ($4.36M), Germany ($3.08M), Estonia ($1.77M), and Chile ($997k).

The fastest growing export markets for Cocoa Butter of Ecuador between 2022 and 2023 were Germany ($1.75M), Estonia ($1.18M), and Chile ($138k).

Imports In 2023, Ecuador imported $290k in Cocoa Butter, becoming the 87th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 906th most imported product in Ecuador. Ecuador imports Cocoa Butter primarily from: Brazil ($288k), United States ($802), and Italy ($587).

The fastest growing import markets in Cocoa Butter for Ecuador between 2022 and 2023 were Brazil ($20k), Italy ($587), and United States ($189).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Cocoa Butter exports accounted up to $1.72M and imports accounted up to $11.8k, resulting in a positive trade balance of $1.71M. Between December 2020 and December 2021 the exports of Ecuador's   Cocoa Butter have decreased by $-178k (-9.36%) from $1.9M to $1.72M, while imports increased by $11.4k (2.79k%) from $409 to $11.8k.

Destinations In December 2021, Cocoa Butter were exported mostly to Netherlands ($733k), Peru ($600k), Estonia ($172k), Mexico ($92k), and United States ($62k), and were imported mostly from .

Growth In December 2021, the decrease in Cocoa Butter's year-by-year exports was explained primarily by a decrease in exports to United States ($-676k or -86.4%), Netherlands ($-254k or -54.1%), and Peru ($-199k or -25.6%). In November 2021, the increase in Cocoa Butter's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-178k(-9.36%)
IMPORT GROWTH (July 2017 - November 2021)$11.4k(2.79k%)
MAIN DESTINATION (December 2021)Netherlands$733k

This section shows Cocoa Butter'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 Cocoa Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.6M
IMPORTS (2023)$290k
NET TRADE (2023)$17.3M

In 2023, Ecuador exported $17.6M in Cocoa Butter. The main destinations of Ecuador exports on Cocoa Butter were Peru ($6.45M), United States ($4.36M), Germany ($3.08M), Estonia ($1.77M), and Chile ($997k).

In 2023, Ecuador imported $290k in Cocoa Butter, mainly from Brazil ($288k), United States ($802), and Italy ($587).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Germany$1.75M (131%)
Estonia$1.18M (200%)
Chile$138k (16%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Ecuador WERE (2022 - 2023):
United States-$6.73M (-60.7%)
Peru-$1.63M (-20.2%)
Netherlands-$1.6M (-98.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Cocoa Butter were:
Netherlands $1.74B
Cote d'Ivoire $715M
Indonesia $650M
In 2023, Ecuador's main importing competitors in Cocoa Butter were:
Germany $853M
Belgium $638M
United States $574M

Explore Visualizations

Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.67M
TOP IMPORT POTENTIALIndonesia+ $1.18k

Cocoa Butter’s highest export potential is United States. With an export gap of $3.67M.   Cocoa Butter’s highest import potential is Indonesia with an import gap of $1.18k.

See methodology.

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