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2022
Exports $1.45MWorld Rnk 78 / 141
Flag Rnk 228 / 1017
2022
Destination $123k Netherlands
2021 - 2022
FASTEST GROWING MARKET $123kNetherlands
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.34Rnk 660 / 1025
2022
Imports $7.72MWorld Rnk 44 / 186
Flag Rnk 418 / 1175
2022
Origin $3.25M United States
2021 - 2022
FASTEST GROWING ORIGIN $3.25MUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.45M in Inedible Fats and Oils, making it the 78th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 228th most exported product in Ecuador. The main destination of Inedible Fats and Oils exports from Ecuador are: Netherlands ($1.07M), Peru ($117k), United Kingdom ($97.9k), Portugal ($73.3k), and Belgium ($71.3k).

The fastest growing export markets for Inedible Fats and Oils of Ecuador between 2021 and 2022 were Netherlands ($123k), Peru ($115k), and Portugal ($73.3k).

Imports In 2022, Ecuador imported $7.72M in Inedible Fats and Oils, becoming the 44th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 418th most imported product in Ecuador. Ecuador imports Inedible Fats and Oils primarily from: United States ($6.68M), Brazil ($575k), Argentina ($363k), Belgium ($38.6k), and Colombia ($18.8k).

The fastest growing import markets in Inedible Fats and Oils for Ecuador between 2021 and 2022 were United States ($3.25M), Argentina ($254k), and Brazil ($115k).

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 (2022)$1.45M
IMPORTS (2022)$7.72M
NET TRADE (2022)-$6.27M

In 2022, Ecuador exported $1.45M in Inedible Fats and Oils. The main destinations of Ecuador exports on Inedible Fats and Oils were Netherlands ($1.07M), Peru ($117k), United Kingdom ($97.9k), Portugal ($73.3k), and Belgium ($71.3k).

In 2022, Ecuador imported $7.72M in Inedible Fats and Oils, mainly from United States ($6.68M), Brazil ($575k), Argentina ($363k), Belgium ($38.6k), and Colombia ($18.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Netherlands$123k (12.9%)
Peru$115k (4.5k%)
Portugal$73.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Ecuador WERE (2021 - 2022):
Czechia-$16k (-100%)
Chile-$19 (-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 Inedible Fats and Oils were:
China $2.4B
Netherlands $1.68B
Malaysia $942M
In 2022, Ecuador's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.47B
Singapore $1.19B
Spain $1.03B

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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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