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2023
Exports $8.87MWorld Rnk 23 / 153
Flag Rnk 89 / 1002
2023
Destination $250k Colombia
2022 - 2023
FASTEST GROWING MARKET $250kChile
2023
PRODUCT COMPLEXITY IN Cocoa Powder-0.7Rnk 759 / 1025
2023
Imports $2.89MWorld Rnk 88 / 214
Flag Rnk 583 / 1173
2023
Origin $466k Peru
2022 - 2023
FASTEST GROWING ORIGIN $466kPeru
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $8.87M in Cocoa Powder, making it the 23rd largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 89th most exported product in Ecuador. The main destination of Cocoa Powder exports from Ecuador are: Colombia ($4.04M), Chile ($1.56M), Mexico ($1.19M), United States ($622k), and Guatemala ($324k).

The fastest growing export markets for Cocoa Powder of Ecuador between 2022 and 2023 were Chile ($250k), Venezuela ($197k), and Chinese Taipei ($28.2k).

Imports In 2023, Ecuador imported $2.89M in Cocoa Powder, becoming the 88th largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 583rd most imported product in Ecuador. Ecuador imports Cocoa Powder primarily from: Peru ($1.84M), Colombia ($952k), Netherlands ($50.5k), Brazil ($37.1k), and Italy ($12.6k).

The fastest growing import markets in Cocoa Powder for Ecuador between 2022 and 2023 were Peru ($466k), Colombia ($193k), and Brazil ($37.1k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Cocoa Powder exports accounted up to $681k and imports accounted up to $130k, resulting in a positive trade balance of $551k. Between December 2020 and December 2021 the exports of Ecuador's   Cocoa Powder have decreased by $-201k (-22.8%) from $882k to $681k, while imports decreased by $-105k (-44.6%) from $235k to $130k.

Destinations In December 2021, Cocoa Powder were exported mostly to Colombia ($314k), United States ($124k), Russia ($107k), Cuba ($46.5k), and Peru ($40.5k), and were imported mostly from Peru ($82.8k), Colombia ($34.8k), United States ($7.05k), Netherlands ($2.91k), and Italy ($1.47k).

Growth In December 2021, the decrease in Cocoa Powder's year-by-year exports was explained primarily by a decrease in exports to Chile ($-25.2k or -18.9%) and China ($-23.1k or -97.9%). In December 2021, the decrease in Cocoa Powder's year-by-year imports was explained primarily by a decrease in imports from Colombia ($-7.96k or -39.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-201k(-22.8%)
IMPORT GROWTH (December 2020 - December 2021)$-105k(-44.6%)
MAIN DESTINATION (December 2021)Colombia$314k

This section shows Cocoa Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.87M
IMPORTS (2023)$2.89M
NET TRADE (2023)$5.97M

In 2023, Ecuador exported $8.87M in Cocoa Powder. The main destinations of Ecuador exports on Cocoa Powder were Colombia ($4.04M), Chile ($1.56M), Mexico ($1.19M), United States ($622k), and Guatemala ($324k).

In 2023, Ecuador imported $2.89M in Cocoa Powder, mainly from Peru ($1.84M), Colombia ($952k), Netherlands ($50.5k), Brazil ($37.1k), and Italy ($12.6k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Powder EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Chile$250k (19.1%)
Venezuela$197k (1%)
Chinese Taipei$28.2k (60.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY Ecuador WERE (2022 - 2023):
Colombia-$2M (-33.2%)
Mexico-$628k (-34.6%)
Estonia-$225k (-100%)
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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 Powder were:
Netherlands $933M
Malaysia $462M
Germany $360M
In 2023, Ecuador's main importing competitors in Cocoa Powder were:
United States $388M
Netherlands $197M
China $175M

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Trade Value of Cocoa Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $943k
TOP IMPORT POTENTIALNetherlands+ $126k

Cocoa Powder’s highest export potential is United States. With an export gap of $943k.   Cocoa Powder’s highest import potential is Netherlands with an import gap of $126k.

See methodology.

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