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2022
Exports $21MWorld Rnk 50 / 179
Flag Rnk 66 / 1017
2022
Destination $12.3M Colombia
2021 - 2022
FASTEST GROWING MARKET $12.3MColombia
2022
PRODUCT COMPLEXITY IN Dried Legumes-2.23Rnk 1009 / 1025
2022
Imports $29.6MWorld Rnk 68 / 218
Flag Rnk 182 / 1175
2022
Origin $6.4M Canada
2021 - 2022
FASTEST GROWING ORIGIN $6.4MCanada
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $21M in Dried Legumes, making it the 50th largest exporter of Dried Legumes in the world. At the same year, Dried Legumes was the 66th most exported product in Ecuador. The main destination of Dried Legumes exports from Ecuador are: Colombia ($19.3M), Peru ($816k), United States ($376k), Dominican Republic ($202k), and Bahamas ($113k).

The fastest growing export markets for Dried Legumes of Ecuador between 2021 and 2022 were Colombia ($12.3M), United States ($141k), and Bahamas ($104k).

Imports In 2022, Ecuador imported $29.6M in Dried Legumes, becoming the 68th largest importer of Dried Legumes in the world. At the same year, Dried Legumes was the 182nd most imported product in Ecuador. Ecuador imports Dried Legumes primarily from: Canada ($25.8M), Peru ($1.6M), United States ($961k), Mexico ($635k), and Argentina ($599k).

The fastest growing import markets in Dried Legumes for Ecuador between 2021 and 2022 were Canada ($6.4M), Argentina ($288k), and Peru ($42.6k).

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 (2022)$21M
IMPORTS (2022)$29.6M
NET TRADE (2022)-$8.62M

In 2022, Ecuador exported $21M in Dried Legumes. The main destinations of Ecuador exports on Dried Legumes were Colombia ($19.3M), Peru ($816k), United States ($376k), Dominican Republic ($202k), and Bahamas ($113k).

In 2022, Ecuador imported $29.6M in Dried Legumes, mainly from Canada ($25.8M), Peru ($1.6M), United States ($961k), Mexico ($635k), and Argentina ($599k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Dried Legumes EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$12.3M (177%)
United States$141k (60%)
Bahamas$104k (1.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Dried Legumes BY Ecuador WERE (2021 - 2022):
Dominican Republic-$96.3k (-32.3%)
Canada-$45.1k (-47.8%)
Italy-$43.4k (-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 Dried Legumes were:
Canada $3.35B
Australia $1.65B
Burma $1.62B
In 2022, Ecuador's main importing competitors in Dried Legumes were:
India $1.85B
China $1.57B
Pakistan $961M

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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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