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2023
Exports $9.91MWorld Rnk 79 / 186
Flag Rnk 83 / 1002
2023
Destination $278k United States
2022 - 2023
FASTEST GROWING MARKET $278kItaly
2023
PRODUCT COMPLEXITY IN Raw Sugar-1.88Rnk 988 / 1025
2023
Imports $115MWorld Rnk 75 / 225
Flag Rnk 40 / 1173
2023
Origin $33.5M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $33.5MBrazil
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $9.91M in Raw Sugar, making it the 79th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 83rd most exported product in Ecuador. The main destination of Raw Sugar exports from Ecuador are: United States ($6.15M), Spain ($1.13M), Italy ($907k), Germany ($593k), and Colombia ($298k).

The fastest growing export markets for Raw Sugar of Ecuador between 2022 and 2023 were Italy ($278k), Spain ($246k), and Belgium ($238k).

Imports In 2023, Ecuador imported $115M in Raw Sugar, becoming the 75th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 40th most imported product in Ecuador. Ecuador imports Raw Sugar primarily from: Colombia ($48.3M), Brazil ($33.5M), Peru ($30.3M), Guatemala ($2.66M), and Bolivia ($180k).

The fastest growing import markets in Raw Sugar for Ecuador between 2022 and 2023 were Brazil ($33.5M), Colombia ($23.7M), and Peru ($19.5M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Raw Sugar exports accounted up to $618k and imports accounted up to $1.2M, resulting in a negative trade balance of $579k. Between December 2020 and December 2021 the exports of Ecuador's   Raw Sugar have decreased by $-1.35M (-68.6%) from $1.96M to $618k, while imports increased by $627k (110%) from $569k to $1.2M.

Destinations In December 2021, Raw Sugar were exported mostly to Colombia ($440k), Spain ($57.1k), Italy ($55.8k), Germany ($30k), and Netherlands ($27.3k), and were imported mostly from Colombia ($889k), Guatemala ($164k), Bolivia ($126k), Peru ($16.4k), and United States ($346).

Growth In December 2021, the decrease in Raw Sugar's year-by-year exports was explained primarily by a decrease in exports to Spain ($-84.7k or -71.3%) and Germany ($-3.4k or -10.2%). In December 2021, the increase in Raw Sugar's year-by-year imports was explained primarily by an increase in imports from Peru ($21.7k or 315%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-1.35M(-68.6%)
IMPORT GROWTH (December 2020 - December 2021)$627k(110%)
MAIN DESTINATION (December 2021)Colombia$440k

This section shows Raw Sugar'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 Raw Sugar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.91M
IMPORTS (2023)$115M
NET TRADE (2023)-$105M

In 2023, Ecuador exported $9.91M in Raw Sugar. The main destinations of Ecuador exports on Raw Sugar were United States ($6.15M), Spain ($1.13M), Italy ($907k), Germany ($593k), and Colombia ($298k).

In 2023, Ecuador imported $115M in Raw Sugar, mainly from Colombia ($48.3M), Brazil ($33.5M), Peru ($30.3M), Guatemala ($2.66M), and Bolivia ($180k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Italy$278k (44.2%)
Spain$246k (27.7%)
Belgium$238k (874%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Ecuador WERE (2022 - 2023):
Colombia-$10.4M (-97.2%)
United States-$4.96M (-44.6%)
Peru-$536k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Raw Sugar were:
Brazil $16.2B
India $3.97B
Thailand $3.81B
In 2023, Ecuador's main importing competitors in Raw Sugar were:
Indonesia $2.85B
United States $2.4B
China $2.24B

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.96M
TOP IMPORT POTENTIALBolivia+ $112k

Raw Sugar’s highest export potential is United States. With an export gap of $4.96M.   Raw Sugar’s highest import potential is Bolivia with an import gap of $112k.

See methodology.

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