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2022
Exports $202MWorld Rnk 10 / 175
Flag Rnk 13 / 1017
2022
Destination $20.1M Japan
2021 - 2022
FASTEST GROWING MARKET $20.1MJapan
2022
PRODUCT COMPLEXITY IN Frozen Vegetables-0.82Rnk 783 / 1025
2022
Imports $2.97MWorld Rnk 92 / 220
Flag Rnk 589 / 1175
2022
Origin $233k Spain
2021 - 2022
FASTEST GROWING ORIGIN $233kPeru
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $202M in Frozen Vegetables, making it the 10th largest exporter of Frozen Vegetables in the world. At the same year, Frozen Vegetables was the 13th most exported product in Ecuador. The main destination of Frozen Vegetables exports from Ecuador are: Japan ($82M), United States ($69.4M), Germany ($16M), Canada ($9.83M), and Netherlands ($6.26M).

The fastest growing export markets for Frozen Vegetables of Ecuador between 2021 and 2022 were Japan ($20.1M), United States ($8.6M), and Germany ($3.73M).

Imports In 2022, Ecuador imported $2.97M in Frozen Vegetables, becoming the 92nd largest importer of Frozen Vegetables in the world. At the same year, Frozen Vegetables was the 589th most imported product in Ecuador. Ecuador imports Frozen Vegetables primarily from: Spain ($1.71M), Peru ($411k), United States ($373k), Belgium ($242k), and France ($81.6k).

The fastest growing import markets in Frozen Vegetables for Ecuador between 2021 and 2022 were Peru ($233k), France ($81.6k), and Canada ($64.2k).

COMPANIES In 2021, leading companies such as Goya Foods (3) were at the forefront of shipping Frozen Vegetables from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Frozen Vegetables exports accounted up to $12.3M and imports accounted up to $55.4k, resulting in a positive trade balance of $12.2M. Between December 2020 and December 2021 the exports of Ecuador's   Frozen Vegetables have decreased by $-58.3k (-0.47%) from $12.3M to $12.3M, while imports decreased by $-192k (-77.6%) from $248k to $55.4k.

Destinations In December 2021, Frozen Vegetables were exported mostly to Japan ($5.13M), United States ($4.06M), Germany ($825k), Canada ($645k), and United Kingdom ($466k), and were imported mostly from Spain ($22.7k), Belgium ($22.1k), United States ($10.2k), and Colombia ($391).

Growth In December 2021, the decrease in Frozen Vegetables's year-by-year exports was explained primarily by a decrease in exports to United States ($-516k or -11.8%), Japan ($-476k or -10.5%), and Canada ($-114k or -16.1%). In December 2021, the decrease in Frozen Vegetables's year-by-year imports was explained primarily by a decrease in imports from Spain ($-18.9k or -12.5%) and United States ($-11k or -63.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-58.3k(-0.47%)
IMPORT GROWTH (December 2020 - December 2021)$-192k(-77.6%)
MAIN DESTINATION (December 2021)Japan$5.13M

This section shows Frozen Vegetables'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 Frozen Vegetables over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$202M
IMPORTS (2022)$2.97M
NET TRADE (2022)$199M

In 2022, Ecuador exported $202M in Frozen Vegetables. The main destinations of Ecuador exports on Frozen Vegetables were Japan ($82M), United States ($69.4M), Germany ($16M), Canada ($9.83M), and Netherlands ($6.26M).

In 2022, Ecuador imported $2.97M in Frozen Vegetables, mainly from Spain ($1.71M), Peru ($411k), United States ($373k), Belgium ($242k), and France ($81.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Frozen Vegetables EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Japan$20.1M (32.6%)
United States$8.6M (14.2%)
Germany$3.73M (30.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Vegetables BY Ecuador WERE (2021 - 2022):
Russia-$622k (-39%)
Canada-$586k (-5.62%)
Austria-$495k (-99.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Frozen Vegetables were:
China $1.41B
Belgium $1.26B
Spain $703M
In 2022, Ecuador's main importing competitors in Frozen Vegetables were:
United States $1.29B
Japan $1.02B
Germany $655M

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Trade Value of Frozen Vegetables by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.27M
TOP IMPORT POTENTIALPeru+ $258k

Frozen Vegetables’s highest export potential is Germany. With an export gap of $4.27M.   Frozen Vegetables’s highest import potential is Peru with an import gap of $258k.

See methodology.

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