2022
Exports
$1.14kWorld Rnk 80 / 113
Flag Rnk 894 / 1017
2022
Imports
$1.2MWorld Rnk 60 / 189
Flag Rnk 750 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.14k in Olive Oil, making it the 80th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 894th most exported product in Ecuador. The main destination of Olive Oil exports from Ecuador are: United Arab Emirates ($1.12k), Panama ($15), and Denmark ($7).

The fastest growing export markets for Olive Oil of Ecuador between N/A and 2022 were United Arab Emirates ($1.12k), Panama ($15), and Denmark ($7).

Imports In 2022, Ecuador imported $1.2M in Olive Oil, becoming the 60th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 750th most imported product in Ecuador. Ecuador imports Olive Oil primarily from: Spain ($1.05M), Italy ($121k), and Greece ($28.4k).

The fastest growing import markets in Olive Oil for Ecuador between 2021 and 2022 were Spain ($136k), Greece ($28.4k), and Italy ($8.91k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Olive Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.14k
IMPORTS (2022)$1.2M
NET TRADE (2022)-$1.19M

In 2022, Ecuador exported $1.14k in Olive Oil. The main destinations of Ecuador exports on Olive Oil were United Arab Emirates ($1.12k), Panama ($15), and Denmark ($7).

In 2022, Ecuador imported $1.2M in Olive Oil, mainly from Spain ($1.05M), Italy ($121k), and Greece ($28.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Ecuador WERE (N/A - 2022):
Panama$15 (1%)
Denmark$7 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ecuador's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Ecuador's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $530
TOP IMPORT POTENTIALItaly+ $37.6k

Olive Oil’s highest export potential is United Arab Emirates. With an export gap of $530.   Olive Oil’s highest import potential is Italy with an import gap of $37.6k.

See methodology.

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