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2022
Exports $13.6MWorld Rnk 51 / 155
Flag Rnk 77 / 1017
2022
Destination $1.81M United States
2021 - 2022
FASTEST GROWING MARKET $1.81MUnited States
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $13.9MWorld Rnk 103 / 219
Flag Rnk 313 / 1175
2022
Origin $555k Colombia
2021 - 2022
FASTEST GROWING ORIGIN $555kIndonesia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $13.6M in Margarine, making it the 51st largest exporter of Margarine in the world. At the same year, Margarine was the 77th most exported product in Ecuador. The main destination of Margarine exports from Ecuador are: United States ($5.24M), Panama ($3.24M), Argentina ($2.27M), Chile ($1.04M), and Colombia ($524k).

The fastest growing export markets for Margarine of Ecuador between 2021 and 2022 were United States ($1.81M), Panama ($955k), and Chile ($463k).

Imports In 2022, Ecuador imported $13.9M in Margarine, becoming the 103rd largest importer of Margarine in the world. At the same year, Margarine was the 313th most imported product in Ecuador. Ecuador imports Margarine primarily from: Colombia ($11.8M), Indonesia ($1.44M), United States ($215k), Spain ($100k), and Belgium ($96.3k).

The fastest growing import markets in Margarine for Ecuador between 2021 and 2022 were Indonesia ($555k), United States ($88.7k), and Italy ($45.7k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Margarine exports accounted up to $1.42M and imports accounted up to $1.38M, resulting in a positive trade balance of $39.8k. Between December 2020 and December 2021 the exports of Ecuador's   Margarine have increased by $932k (193%) from $483k to $1.42M, while imports increased by $423k (44.4%) from $953k to $1.38M.

Destinations In December 2021, Margarine were exported mostly to Panama ($532k), United States ($463k), Argentina ($339k), Peru ($48.6k), and Puerto Rico ($27.5k), and were imported mostly from Colombia ($1.34M), United States ($33.3k), Germany ($2.84k), and Mexico ($335).

Growth In December 2021, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to United States ($135k or 1.03k%) and Panama ($35.5k or 950%). In December 2021, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from Spain ($1.62k or 27.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$932k(193%)
IMPORT GROWTH (December 2020 - December 2021)$423k(44.4%)
MAIN DESTINATION (December 2021)Panama$532k

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.6M
IMPORTS (2022)$13.9M
NET TRADE (2022)-$360k

In 2022, Ecuador exported $13.6M in Margarine. The main destinations of Ecuador exports on Margarine were United States ($5.24M), Panama ($3.24M), Argentina ($2.27M), Chile ($1.04M), and Colombia ($524k).

In 2022, Ecuador imported $13.9M in Margarine, mainly from Colombia ($11.8M), Indonesia ($1.44M), United States ($215k), Spain ($100k), and Belgium ($96.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$1.81M (52.7%)
Panama$955k (41.7%)
Chile$463k (80.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Ecuador WERE (2021 - 2022):
Argentina-$1.66M (-42.3%)
Venezuela-$523k (-89.7%)
Peru-$277k (-37.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Margarine were:
Indonesia $1.98B
Belgium $849M
Netherlands $805M
In 2022, Ecuador's main importing competitors in Margarine were:
China $1.33B
France $570M
Germany $519M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.82M
TOP IMPORT POTENTIALIndonesia+ $866k

Margarine’s highest export potential is United States. With an export gap of $1.82M.   Margarine’s highest import potential is Indonesia with an import gap of $866k.

See methodology.

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