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2023
Exports $1.49MWorld Rnk 81 / 150
Flag Rnk 213 / 1002
2023
Destination $290k Netherlands
2022 - 2023
FASTEST GROWING MARKET $290kSlovakia
2023
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.38Rnk 663 / 1025
2023
Imports $7.06MWorld Rnk 43 / 183
Flag Rnk 422 / 1173
2023
Origin $5.91M United States
2022 - 2023
FASTEST GROWING ORIGIN $5.91MUnited States
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.49M in Inedible Fats and Oils, making it the 81st largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 213th most exported product in Ecuador. The main destination of Inedible Fats and Oils exports from Ecuador are: Netherlands ($1.01M), Slovakia ($290k), Portugal ($122k), United States ($39.7k), and Peru ($17.3k).

The fastest growing export markets for Inedible Fats and Oils of Ecuador between 2022 and 2023 were Slovakia ($290k), Portugal ($28.4k), and United States ($22.6k).

Imports In 2023, Ecuador imported $7.06M in Inedible Fats and Oils, becoming the 43rd largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 422nd most imported product in Ecuador. Ecuador imports Inedible Fats and Oils primarily from: United States ($5.99M), Brazil ($775k), Argentina ($145k), South Korea ($81.4k), and Peru ($32.3k).

The fastest growing import markets in Inedible Fats and Oils for Ecuador between 2022 and 2023 were United States ($5.91M), Brazil ($119k), and South Korea ($81.4k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Inedible Fats and Oils exports accounted up to $110k and imports accounted up to $46.7k, resulting in a positive trade balance of $63k. Between December 2020 and December 2021 the exports of Ecuador's   Inedible Fats and Oils have increased by $76.8k (233%) from $33k to $110k, while imports decreased by $-1.19k (-2.48%) from $47.9k to $46.7k.

Destinations In December 2021, Inedible Fats and Oils were exported mostly to Netherlands ($110k), and were imported mostly from Brazil ($46.7k) and United States ($9.71).

Growth In December 2021, the increase in Inedible Fats and Oils's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the decrease in Inedible Fats and Oils'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)$76.8k(233%)
IMPORT GROWTH (November 2020 - December 2021)$-1.19k(-2.48%)
MAIN DESTINATION (December 2021)Netherlands$110k

This section shows Inedible Fats and Oils'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 Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.49M
IMPORTS (2023)$7.06M
NET TRADE (2023)-$5.57M

In 2023, Ecuador exported $1.49M in Inedible Fats and Oils. The main destinations of Ecuador exports on Inedible Fats and Oils were Netherlands ($1.01M), Slovakia ($290k), Portugal ($122k), United States ($39.7k), and Peru ($17.3k).

In 2023, Ecuador imported $7.06M in Inedible Fats and Oils, mainly from United States ($5.99M), Brazil ($775k), Argentina ($145k), South Korea ($81.4k), and Peru ($32.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Slovakia$290k (1%)
Portugal$28.4k (30.4%)
United States$22.6k (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Ecuador WERE (2022 - 2023):
United Kingdom-$109k (-100%)
Peru-$108k (-86.2%)
Belgium-$63.6k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Inedible Fats and Oils were:
China $2B
Netherlands $1.27B
Malaysia $1.26B
In 2023, Ecuador's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.21B
United States $1.68B
Singapore $1.42B

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $83.1k
TOP IMPORT POTENTIALBelgium+ $72.6k

Inedible Fats and Oils’s highest export potential is United Kingdom. With an export gap of $83.1k.   Inedible Fats and Oils’s highest import potential is Belgium with an import gap of $72.6k.

See methodology.

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