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2023
Exports $12.2MWorld Rnk 55 / 181
Flag Rnk 80 / 1002
2023
Destination $188k Colombia
2022 - 2023
FASTEST GROWING MARKET $188kDominican Republic
2023
PRODUCT COMPLEXITY IN Dried Legumes-2.14Rnk 1007 / 1025
2023
Imports $30.7MWorld Rnk 66 / 217
Flag Rnk 160 / 1173
2023
Origin $3.04M Canada
2022 - 2023
FASTEST GROWING ORIGIN $3.04MCanada
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $12.2M in Dried Legumes, making it the 55th largest exporter of Dried Legumes in the world. At the same year, Dried Legumes was the 80th most exported product in Ecuador. The main destination of Dried Legumes exports from Ecuador are: Colombia ($10.7M), Peru ($543k), Dominican Republic ($400k), United States ($391k), and Canada ($51.2k).

The fastest growing export markets for Dried Legumes of Ecuador between 2022 and 2023 were Dominican Republic ($188k), Jamaica ($21.2k), and Germany ($7.38k).

Imports In 2023, Ecuador imported $30.7M in Dried Legumes, becoming the 66th largest importer of Dried Legumes in the world. At the same year, Dried Legumes was the 160th most imported product in Ecuador. Ecuador imports Dried Legumes primarily from: Canada ($26.7M), Peru ($1.44M), United States ($1.3M), Argentina ($481k), and Mexico ($464k).

The fastest growing import markets in Dried Legumes for Ecuador between 2022 and 2023 were Canada ($3.04M), Russia ($267k), and Italy ($2.73k).

COMPANIES In 2021, leading companies such as Goya Foods (20) and Continental Tire (7) were at the forefront of shipping Dried Legumes from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Dried Legumes exports accounted up to $598k and imports accounted up to $2.94M, resulting in a negative trade balance of $2.35M. Between December 2020 and December 2021 the exports of Ecuador's   Dried Legumes have increased by $272k (83.2%) from $326k to $598k, while imports increased by $1.75M (147%) from $1.19M to $2.94M.

Destinations In December 2021, Dried Legumes were exported mostly to Colombia ($415k), Peru ($145k), and United States ($38.5k), and were imported mostly from Canada ($2.4M), Peru ($234k), Argentina ($163k), Mexico ($140k), and China ($9.55k).

Growth In December 2021, the increase in Dried Legumes's year-by-year exports was explained primarily by an increase in exports to Peru ($60k or 167%) and Dominican Republic ($18.1k or 95.6%). In December 2021, the increase in Dried Legumes's year-by-year imports was explained primarily by an increase in imports from United States ($59.8k or 46.3%) and Mexico ($26.8k or 111%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$272k(83.2%)
IMPORT GROWTH (December 2020 - December 2021)$1.75M(147%)
MAIN DESTINATION (December 2021)Colombia$415k

This section shows Dried Legumes'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 Dried Legumes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$12.2M
IMPORTS (2023)$30.7M
NET TRADE (2023)-$18.5M

In 2023, Ecuador exported $12.2M in Dried Legumes. The main destinations of Ecuador exports on Dried Legumes were Colombia ($10.7M), Peru ($543k), Dominican Republic ($400k), United States ($391k), and Canada ($51.2k).

In 2023, Ecuador imported $30.7M in Dried Legumes, mainly from Canada ($26.7M), Peru ($1.44M), United States ($1.3M), Argentina ($481k), and Mexico ($464k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Dried Legumes EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Dominican Republic$188k (88.5%)
Jamaica$21.2k (1%)
Germany$7.38k (61.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Dried Legumes BY Ecuador WERE (2022 - 2023):
Colombia-$6.2M (-36.6%)
Peru-$243k (-31%)
Bahamas-$110k (-96.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Dried Legumes were:
Canada $3.69B
Australia $2.03B
United States $1.53B
In 2023, Ecuador's main importing competitors in Dried Legumes were:
India $3.14B
China $1.66B
Turkey $1.19B

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Trade Value of Dried Legumes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $765k
TOP IMPORT POTENTIALUnited States+ $841k

Dried Legumes’s highest export potential is United States. With an export gap of $765k.   Dried Legumes’s highest import potential is United States with an import gap of $841k.

See methodology.

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