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2022
Exports $8.81MWorld Rnk 35 / 118
Flag Rnk 98 / 1017
2022
Destination $1.05M Colombia
2021 - 2022
FASTEST GROWING MARKET $1.05MPeru
2022
PRODUCT COMPLEXITY IN Fish oil-1.83Rnk 985 / 1025
2022
Imports $32.5MWorld Rnk 21 / 171
Flag Rnk 168 / 1175
2022
Origin $10.1M Peru
2021 - 2022
FASTEST GROWING ORIGIN $10.1MPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $8.81M in Fish oil, making it the 35th largest exporter of Fish oil in the world. At the same year, Fish oil was the 98th most exported product in Ecuador. The main destination of Fish oil exports from Ecuador are: Colombia ($2.52M), Chile ($2.46M), Peru ($1.38M), China ($1.29M), and Honduras ($428k).

The fastest growing export markets for Fish oil of Ecuador between 2021 and 2022 were Peru ($1.05M), Colombia ($712k), and Chile ($143k).

Imports In 2022, Ecuador imported $32.5M in Fish oil, becoming the 21st largest importer of Fish oil in the world. At the same year, Fish oil was the 168th most imported product in Ecuador. Ecuador imports Fish oil primarily from: Peru ($14.1M), Chile ($11.2M), Mexico ($2.71M), India ($2.7M), and Philippines ($406k).

The fastest growing import markets in Fish oil for Ecuador between 2021 and 2022 were Peru ($10.1M), Chile ($6.71M), and Mexico ($2.71M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Fish oil exports accounted up to $449k and imports accounted up to $1.66M, resulting in a negative trade balance of $1.21M. Between December 2020 and December 2021 the exports of Ecuador's   Fish oil have increased by $163k (57.2%) from $285k to $449k, while imports decreased by $-240k (-12.6%) from $1.9M to $1.66M.

Destinations In December 2021, Fish oil were exported mostly to China ($214k), Colombia ($167k), and Honduras ($67.6k), and were imported mostly from Chile ($789k), Peru ($621k), Panama ($204k), United States ($30.2k), and France ($11.3k).

Growth In December 2021, the increase in Fish oil's year-by-year exports was explained primarily by an increase in exports to Colombia ($22.2k or 10.6%). In December 2021, the decrease in Fish oil's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$163k(57.2%)
IMPORT GROWTH (December 2020 - December 2021)$-240k(-12.6%)
MAIN DESTINATION (December 2021)China$214k

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.81M
IMPORTS (2022)$32.5M
NET TRADE (2022)-$23.7M

In 2022, Ecuador exported $8.81M in Fish oil. The main destinations of Ecuador exports on Fish oil were Colombia ($2.52M), Chile ($2.46M), Peru ($1.38M), China ($1.29M), and Honduras ($428k).

In 2022, Ecuador imported $32.5M in Fish oil, mainly from Peru ($14.1M), Chile ($11.2M), Mexico ($2.71M), India ($2.7M), and Philippines ($406k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Peru$1.05M (321%)
Colombia$712k (39.3%)
Chile$143k (6.15%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Ecuador WERE (2021 - 2022):
Spain-$1.08M (-88%)
China-$824k (-38.9%)
Belgium-$648k (-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 Fish oil were:
Peru $556M
Norway $253M
Chile $249M
In 2022, Ecuador's main importing competitors in Fish oil were:
Norway $563M
China $258M
Denmark $232M

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $955k
TOP IMPORT POTENTIALPeru+ $1.16M

Fish oil’s highest export potential is China. With an export gap of $955k.   Fish oil’s highest import potential is Peru with an import gap of $1.16M.

See methodology.

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