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2023
Exports $1.37BWorld Rnk 3 / 176
Flag Rnk 5 / 1002
2023
Destination $40M Spain
2022 - 2023
FASTEST GROWING MARKET $40MNetherlands
2023
PRODUCT COMPLEXITY IN Processed Fish-1.39Rnk 925 / 1025
2023
Imports $14.9MWorld Rnk 101 / 224
Flag Rnk 285 / 1173
2023
Origin $11.6M China
2022 - 2023
FASTEST GROWING ORIGIN $11.6MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.37B in Processed Fish, making it the 3rd largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 5th most exported product in Ecuador. The main destination of Processed Fish exports from Ecuador are: Spain ($300M), United States ($156M), Colombia ($140M), Italy ($138M), and United Kingdom ($137M).

The fastest growing export markets for Processed Fish of Ecuador between 2022 and 2023 were Netherlands ($40M), Italy ($37.6M), and Germany ($24.6M).

Imports In 2023, Ecuador imported $14.9M in Processed Fish, becoming the 101st largest importer of Processed Fish in the world. At the same year, Processed Fish was the 285th most imported product in Ecuador. Ecuador imports Processed Fish primarily from: China ($11.7M), Indonesia ($821k), Guatemala ($493k), United States ($407k), and India ($248k).

The fastest growing import markets in Processed Fish for Ecuador between 2022 and 2023 were China ($11.6M), India ($213k), and Canada ($167k).

COMPANIES In 2021, leading companies such as Goya Foods (36) were at the forefront of shipping Processed Fish from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Processed Fish exports accounted up to $109M and imports accounted up to $131k, resulting in a positive trade balance of $109M. Between December 2020 and December 2021 the exports of Ecuador's   Processed Fish have decreased by $-2.02M (-1.81%) from $111M to $109M, while imports increased by $24.3k (22.7%) from $107k to $131k.

Destinations In December 2021, Processed Fish were exported mostly to Spain ($24M), Colombia ($12.6M), United States ($11.6M), Italy ($8.83M), and United Kingdom ($8M), and were imported mostly from United States ($116k), Spain ($5.92k), Panama ($5.32k), and China ($3.91k).

Growth In December 2021, the decrease in Processed Fish's year-by-year exports was explained primarily by a decrease in exports to Spain ($-13.2M or -60.3%), Germany ($-1.24M or -41.2%), and Italy ($-990k or -13.7%). In December 2021, the increase in Processed Fish's year-by-year imports was explained primarily by an increase in imports from United States ($35.9k or 553%), Spain ($21.9k or 345%), and Chile ($1.41k or 33.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-2.02M(-1.81%)
IMPORT GROWTH (December 2020 - December 2021)$24.3k(22.7%)
MAIN DESTINATION (December 2021)Spain$24M

This section shows Processed Fish'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 Fish over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.37B
IMPORTS (2023)$14.9M
NET TRADE (2023)$1.36B

In 2023, Ecuador exported $1.37B in Processed Fish. The main destinations of Ecuador exports on Processed Fish were Spain ($300M), United States ($156M), Colombia ($140M), Italy ($138M), and United Kingdom ($137M).

In 2023, Ecuador imported $14.9M in Processed Fish, mainly from China ($11.7M), Indonesia ($821k), Guatemala ($493k), United States ($407k), and India ($248k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Netherlands$40M (68.8%)
Italy$37.6M (37.3%)
Germany$24.6M (71.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Ecuador WERE (2022 - 2023):
Spain-$64.1M (-17.6%)
United States-$27.4M (-14.9%)
Colombia-$18.2M (-11.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Processed Fish were:
Thailand $2.97B
China $2.6B
In 2023, Ecuador's main importing competitors in Processed Fish were:
United States $2.1B
Japan $1.67B
Italy $1.5B

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $50.6M
TOP IMPORT POTENTIALChina+ $872k

Processed Fish’s highest export potential is United States. With an export gap of $50.6M.   Processed Fish’s highest import potential is China with an import gap of $872k.

See methodology.

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