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2023
Exports $28.9MWorld Rnk 24 / 155
Flag Rnk 48 / 1002
2023
Destination $958k Argentina
2022 - 2023
FASTEST GROWING MARKET $958kArgentina
2023
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.29Rnk 898 / 1025
2023
Imports $15.2MWorld Rnk 61 / 217
Flag Rnk 280 / 1173
2023
Origin $7.26M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $7.26MColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $28.9M in Other Vegetable Oils, making it the 24th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 48th most exported product in Ecuador. The main destination of Other Vegetable Oils exports from Ecuador are: Argentina ($6.9M), Colombia ($5.92M), Chile ($4.75M), Venezuela ($3.05M), and Bolivia ($2.9M).

The fastest growing export markets for Other Vegetable Oils of Ecuador between 2022 and 2023 were Argentina ($958k), Bolivia ($957k), and Cuba ($245k).

Imports In 2023, Ecuador imported $15.2M in Other Vegetable Oils, becoming the 61st largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 280th most imported product in Ecuador. Ecuador imports Other Vegetable Oils primarily from: Colombia ($8.87M), Chile ($2.89M), Norway ($2.67M), Indonesia ($185k), and United States ($131k).

The fastest growing import markets in Other Vegetable Oils for Ecuador between 2022 and 2023 were Colombia ($7.26M), Chile ($2.89M), and Norway ($1.92M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Other Vegetable Oils exports accounted up to $3.99M and imports accounted up to $111k, resulting in a positive trade balance of $3.88M. Between December 2020 and December 2021 the exports of Ecuador's   Other Vegetable Oils have increased by $2.27M (132%) from $1.72M to $3.99M, while imports decreased by $-184k (-62.3%) from $296k to $111k.

Destinations In December 2021, Other Vegetable Oils were exported mostly to Chile ($1.12M), Colombia ($1.01M), Argentina ($791k), Peru ($626k), and Cuba ($151k), and were imported mostly from Indonesia ($101k), Germany ($5.9k), Belgium ($3.37k), France ($940), and Colombia ($165).

Growth In December 2021, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Argentina ($117k or 53.1%), Peru ($51.9k or 17.8%), and Colombia ($42.5k or 7.54%). In December 2021, the decrease in Other Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-26.3k or -44.4%) and United States ($-3.45k or -39.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$2.27M(132%)
IMPORT GROWTH (December 2020 - December 2021)$-184k(-62.3%)
MAIN DESTINATION (December 2021)Chile$1.12M

This section shows Other 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 Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$28.9M
IMPORTS (2023)$15.2M
NET TRADE (2023)$13.7M

In 2023, Ecuador exported $28.9M in Other Vegetable Oils. The main destinations of Ecuador exports on Other Vegetable Oils were Argentina ($6.9M), Colombia ($5.92M), Chile ($4.75M), Venezuela ($3.05M), and Bolivia ($2.9M).

In 2023, Ecuador imported $15.2M in Other Vegetable Oils, mainly from Colombia ($8.87M), Chile ($2.89M), Norway ($2.67M), Indonesia ($185k), and United States ($131k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Argentina$958k (16.1%)
Bolivia$957k (49.3%)
Cuba$245k (22.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Ecuador WERE (2022 - 2023):
Colombia-$4.87M (-45.1%)
Venezuela-$3.62M (-54.3%)
Chile-$3.57M (-42.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Other Vegetable Oils were:
Indonesia $1.42B
Malaysia $1.08B
Netherlands $354M
In 2023, Ecuador's main importing competitors in Other Vegetable Oils were:
China $947M
Malaysia $244M
Netherlands $213M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $272k
TOP IMPORT POTENTIALMalaysia+ $127k

Other Vegetable Oils’s highest export potential is Brazil. With an export gap of $272k.   Other Vegetable Oils’s highest import potential is Malaysia with an import gap of $127k.

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