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2023
Exports $6.88BWorld Rnk 1 / 163
Flag Rnk 2 / 1002
2023
Destination $12.7M China
2022 - 2023
FASTEST GROWING MARKET $12.7MUkraine
2023
PRODUCT COMPLEXITY IN Crustaceans-1.94Rnk 993 / 1025
2023
Imports $6.18MWorld Rnk 81 / 216
Flag Rnk 444 / 1173
2023
Origin $994k France
2022 - 2023
FASTEST GROWING ORIGIN $994kFrance
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $6.88B in Crustaceans, making it the 1st largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 2nd most exported product in Ecuador. The main destination of Crustaceans exports from Ecuador are: China ($3.82B), United States ($1.4B), Spain ($364M), Italy ($217M), and France ($194M).

The fastest growing export markets for Crustaceans of Ecuador between 2022 and 2023 were Ukraine ($12.7M), Guatemala ($8.84M), and Nicaragua ($7.73M).

Imports In 2023, Ecuador imported $6.18M in Crustaceans, becoming the 81st largest importer of Crustaceans in the world. At the same year, Crustaceans was the 444th most imported product in Ecuador. Ecuador imports Crustaceans primarily from: France ($2.91M), United States ($1.34M), India ($584k), Spain ($436k), and Peru ($334k).

The fastest growing import markets in Crustaceans for Ecuador between 2022 and 2023 were France ($994k), United States ($832k), and India ($584k).

COMPANIES In 2021, leading companies such as Chicken of the Sea (230), Lawrence Wholesale (80), and Goya Foods (2) were at the forefront of shipping Crustaceans from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Crustaceans exports accounted up to $519M and imports accounted up to $28.5k, resulting in a positive trade balance of $519M. Between December 2020 and December 2021 the exports of Ecuador's   Crustaceans have increased by $283M (120%) from $236M to $519M, while imports increased by $26.1k (1.09k%) from $2.4k to $28.5k.

Destinations In December 2021, Crustaceans were exported mostly to China ($245M), United States ($110M), Spain ($27.9M), France ($22.7M), and Italy ($20.6M), and were imported mostly from Colombia ($23.1k) and Argentina ($5.41k).

Growth In December 2021, the increase in Crustaceans's year-by-year exports was explained primarily by an increase in exports to United States ($11.9M or 21.9%), Russia ($8.53M or 148%), and Vietnam ($4.26M or 173%). In December 2021, the increase in Crustaceans'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)$283M(120%)
IMPORT GROWTH (July 2020 - December 2021)$26.1k(1.09k%)
MAIN DESTINATION (December 2021)China$245M

This section shows Crustaceans'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 Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.88B
IMPORTS (2023)$6.18M
NET TRADE (2023)$6.88B

In 2023, Ecuador exported $6.88B in Crustaceans. The main destinations of Ecuador exports on Crustaceans were China ($3.82B), United States ($1.4B), Spain ($364M), Italy ($217M), and France ($194M).

In 2023, Ecuador imported $6.18M in Crustaceans, mainly from France ($2.91M), United States ($1.34M), India ($584k), Spain ($436k), and Peru ($334k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Ukraine$12.7M (156%)
Guatemala$8.84M (33.4%)
Nicaragua$7.73M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Ecuador WERE (2022 - 2023):
China-$376M (-8.97%)
United States-$143M (-9.29%)
Vietnam-$91.1M (-64.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Crustaceans were:
India $4.56B
Canada $2.96B
In 2023, Ecuador's main importing competitors in Crustaceans were:
China $7.85B
United States $7.12B
Japan $1.67B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $69.3M
TOP IMPORT POTENTIALChina+ $359k

Crustaceans’s highest export potential is United States. With an export gap of $69.3M.   Crustaceans’s highest import potential is China with an import gap of $359k.

See methodology.

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