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2022
Exports $115MWorld Rnk 30 / 175
Flag Rnk 20 / 1017
2022
Destination $26.6M United States
2021 - 2022
FASTEST GROWING MARKET $26.6MUnited States
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $1.37MWorld Rnk 106 / 224
Flag Rnk 733 / 1175
2022
Origin $396k United States
2021 - 2022
FASTEST GROWING ORIGIN $396kIndonesia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $115M in Processed Crustaceans, making it the 30th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 20th most exported product in Ecuador. The main destination of Processed Crustaceans exports from Ecuador are: United States ($68.5M), Peru ($7.95M), Germany ($7.41M), Chile ($5.2M), and Netherlands ($3.28M).

The fastest growing export markets for Processed Crustaceans of Ecuador between 2021 and 2022 were United States ($26.6M), Germany ($7.04M), and Peru ($3.39M).

Imports In 2022, Ecuador imported $1.37M in Processed Crustaceans, becoming the 106th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 733rd most imported product in Ecuador. Ecuador imports Processed Crustaceans primarily from: United States ($663k), Indonesia ($413k), India ($96.8k), Chile ($84.2k), and Peru ($49.5k).

The fastest growing import markets in Processed Crustaceans for Ecuador between 2021 and 2022 were Indonesia ($396k), India ($44.1k), and Peru ($8.69k).

COMPANIES In 2021, leading companies such as Lawrence Wholesale (39) and Chicken of the Sea (10) were at the forefront of shipping Processed Crustaceans from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Processed Crustaceans exports accounted up to $5.54M and imports accounted up to $67.3k, resulting in a positive trade balance of $5.47M. Between December 2020 and December 2021 the exports of Ecuador's   Processed Crustaceans have increased by $3.29M (147%) from $2.25M to $5.54M, while imports increased by $33.2k (97%) from $34.2k to $67.3k.

Destinations In December 2021, Processed Crustaceans were exported mostly to United States ($4.66M), Chile ($877k), and Rest of the world ($21.8), and were imported mostly from United States ($58.3k) and Spain ($9.08k).

Growth In December 2021, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to United States ($1.03M or 86.2%), Chile ($264k or 127%), and Spain ($49.6k or 838%). In December 2021, the increase in Processed Crustaceans's year-by-year imports was explained primarily by an increase in imports from Spain ($21.3k or 1.59k%) and India ($8.59k or 343%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$3.29M(147%)
IMPORT GROWTH (December 2020 - December 2021)$33.2k(97%)
MAIN DESTINATION (December 2021)United States$4.66M

This section shows Processed Crustaceans'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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$115M
IMPORTS (2022)$1.37M
NET TRADE (2022)$114M

In 2022, Ecuador exported $115M in Processed Crustaceans. The main destinations of Ecuador exports on Processed Crustaceans were United States ($68.5M), Peru ($7.95M), Germany ($7.41M), Chile ($5.2M), and Netherlands ($3.28M).

In 2022, Ecuador imported $1.37M in Processed Crustaceans, mainly from United States ($663k), Indonesia ($413k), India ($96.8k), Chile ($84.2k), and Peru ($49.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$26.6M (63.4%)
Germany$7.04M (1.92k%)
Peru$3.39M (74.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Ecuador WERE (2021 - 2022):
Chile-$2.44M (-32%)
Ukraine-$2.1M (-78.9%)
Austria-$1.25M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, Ecuador's main importing competitors in Processed Crustaceans were:
United States $4.38B
Japan $2.15B
China $1.76B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALIndonesia+ $160k

Processed Crustaceans’s highest export potential is United States. With an export gap of $13.8M.   Processed Crustaceans’s highest import potential is Indonesia with an import gap of $160k.

See methodology.

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