2023
Exports
$26.2kWorld Rnk 97 / 160
Flag Rnk 686 / 1002
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$8.11MWorld Rnk 67 / 221
Flag Rnk 406 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $26.2k in Pure Olive Oil, making it the 97th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 686th most exported product in Ecuador. The main destination of Pure Olive Oil exports from Ecuador are: United States ($14k), Cape Verde ($4.93k), Ireland ($4.8k), Spain ($1.27k), and Canada ($1.12k).

The fastest growing export markets for Pure Olive Oil of Ecuador between 2022 and 2023 were Cape Verde ($4.93k), Ireland ($4.8k), and United States ($1.89k).

Imports In 2023, Ecuador imported $8.11M in Pure Olive Oil, becoming the 67th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 406th most imported product in Ecuador. Ecuador imports Pure Olive Oil primarily from: Spain ($5.48M), Italy ($2.04M), Peru ($254k), Argentina ($197k), and United States ($111k).

The fastest growing import markets in Pure Olive Oil for Ecuador between 2022 and 2023 were Chile ($1.74k), Germany ($569), and France ($360).

COMPANIES In 2021, leading companies such as Continental Tire (1) and Goya Foods (1) were at the forefront of shipping Pure Olive Oil from Ecuador to the United States.

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2019 - December 2021)$701(63.4%)
IMPORT GROWTH (December 2020 - December 2021)$145k(13.5%)
MAIN DESTINATION (December 2021)United States$1.54k

This section shows Pure Olive 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 Pure Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$26.2k
IMPORTS (2023)$8.11M
NET TRADE (2023)-$8.08M

In 2023, Ecuador exported $26.2k in Pure Olive Oil. The main destinations of Ecuador exports on Pure Olive Oil were United States ($14k), Cape Verde ($4.93k), Ireland ($4.8k), Spain ($1.27k), and Canada ($1.12k).

In 2023, Ecuador imported $8.11M in Pure Olive Oil, mainly from Spain ($5.48M), Italy ($2.04M), Peru ($254k), Argentina ($197k), and United States ($111k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Cape Verde$4.93k (1%)
Ireland$4.8k (1%)
United States$1.89k (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Ecuador WERE (2022 - 2023):
Spain-$78.1k (-98.4%)
Philippines-$17.3k (-100%)
Panama-$11.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Ecuador's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $39.7k
TOP IMPORT POTENTIALItaly+ $534k

Pure Olive Oil’s highest export potential is Spain. With an export gap of $39.7k.   Pure Olive Oil’s highest import potential is Italy with an import gap of $534k.

See methodology.

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