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2023
Exports $118MWorld Rnk 22 / 150
Flag Rnk 18 / 1002
2023
Destination $6.1M Colombia
2022 - 2023
FASTEST GROWING MARKET $6.1MColombia
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2023
Imports $33.9MWorld Rnk 95 / 206
Flag Rnk 145 / 1173
2023
Origin $14.3M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $14.3MColombia
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $118M in Palm Oil, making it the 22nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 18th most exported product in Ecuador. The main destination of Palm Oil exports from Ecuador are: Colombia ($74.8M), United States ($13M), Netherlands ($6.31M), Spain ($4.42M), and Mexico ($4.26M).

The fastest growing export markets for Palm Oil of Ecuador between 2022 and 2023 were Colombia ($6.1M), Ghana ($2.76M), and United Kingdom ($563k).

Imports In 2023, Ecuador imported $33.9M in Palm Oil, becoming the 95th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 145th most imported product in Ecuador. Ecuador imports Palm Oil primarily from: Colombia ($25.9M), Peru ($7.48M), Mexico ($332k), United States ($95.7k), and Malaysia ($75.6k).

The fastest growing import markets in Palm Oil for Ecuador between 2022 and 2023 were Colombia ($14.3M) and United States ($90.3k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Palm Oil exports accounted up to $14.5M and imports accounted up to $35.6k, resulting in a positive trade balance of $14.5M. Between December 2020 and December 2021 the exports of Ecuador's   Palm Oil have increased by $2.78M (23.7%) from $11.7M to $14.5M, while imports decreased by $-426k (-92.3%) from $462k to $35.6k.

Destinations In December 2021, Palm Oil were exported mostly to Colombia ($7.03M), Mexico ($3.6M), Dominican Republic ($1.75M), Netherlands ($731k), and United States ($566k), and were imported mostly from Mexico ($35.6k).

Growth In December 2021, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to Netherlands ($186k or 39.1%), Panama ($27.4k or 35.5%), and United States ($7.21k or 1.03%). In December 2021, the decrease in Palm Oil'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)$2.78M(23.7%)
IMPORT GROWTH (September 2020 - December 2021)$-426k(-92.3%)
MAIN DESTINATION (December 2021)Colombia$7.03M

This section shows Palm Oil'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 Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$118M
IMPORTS (2023)$33.9M
NET TRADE (2023)$83.7M

In 2023, Ecuador exported $118M in Palm Oil. The main destinations of Ecuador exports on Palm Oil were Colombia ($74.8M), United States ($13M), Netherlands ($6.31M), Spain ($4.42M), and Mexico ($4.26M).

In 2023, Ecuador imported $33.9M in Palm Oil, mainly from Colombia ($25.9M), Peru ($7.48M), Mexico ($332k), United States ($95.7k), and Malaysia ($75.6k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Colombia$6.1M (8.88%)
Ghana$2.76M (1%)
United Kingdom$563k (140%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Ecuador WERE (2022 - 2023):
Mexico-$15.8M (-78.7%)
United States-$14.4M (-52.5%)
Netherlands-$5.66M (-47.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Malaysia $14B
Netherlands $1.12B
In 2023, Ecuador's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B
Pakistan $2.86B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.6M
TOP IMPORT POTENTIALIndonesia+ $5.88M

Palm Oil’s highest export potential is United States. With an export gap of $15.6M.   Palm Oil’s highest import potential is Indonesia with an import gap of $5.88M.

See methodology.

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