Other Pure Vegetable Oils in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $543k in Other Pure Vegetable Oils, making it the 97th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 342nd most exported product in Ecuador. The main destination of Other Pure Vegetable Oils exports from Ecuador are: United States ($297k), United Kingdom ($52.8k), Brazil ($38.1k), Colombia ($31.9k), and Canada ($31.2k).

The fastest growing export markets for Other Pure Vegetable Oils of Ecuador between 2021 and 2022 were Brazil ($38.1k), Colombia ($31.4k), and Spain ($8.44k).

Imports In 2022, Ecuador imported $1.83M in Other Pure Vegetable Oils, becoming the 113th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 683rd most imported product in Ecuador. Ecuador imports Other Pure Vegetable Oils primarily from: United States ($914k), Colombia ($460k), Italy ($177k), Argentina ($108k), and China ($58.4k).

The fastest growing import markets in Other Pure Vegetable Oils for Ecuador between 2021 and 2022 were United States ($767k), Belgium ($37.5k), and China ($23k).

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Other Pure Vegetable Oils exports accounted up to $84.6k and imports accounted up to $102k, resulting in a negative trade balance of $17.1k. Between December 2020 and December 2021 the exports of Ecuador's Other Pure Vegetable Oils have increased by $64k (310%) from $20.6k to $84.6k, while imports increased by $30.7k (43.2%) from $71.1k to $102k.

Destinations In December 2021, Other Pure Vegetable Oils were exported mostly to United Kingdom ($57.9k), United States ($23.6k), and Canada ($3.17k), and were imported mostly from Colombia ($72.8k), Italy ($26.9k), and United States ($2.1k).

Growth In December 2021, the increase in Other Pure Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to United States ($26.5k or 256%). In December 2021, the increase in Other Pure Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from United States ($12.3k or 189%), France ($3.18k or 13.9k%), and Brazil ($523 or 217%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$64k(310%)

IMPORT GROWTH (December 2020 - December 2021)$30.7k(43.2%)

MAIN DESTINATION (December 2021)United Kingdom$57.9k

This section shows Other Pure Vegetable 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 Other Pure Vegetable Oils over time.

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