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2023
Exports $6.34MWorld Rnk 81 / 201
Flag Rnk 105 / 1002
2023
Destination $832k United States
2022 - 2023
FASTEST GROWING MARKET $832kChile
2023
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.56Rnk 724 / 1025
2023
Imports $23.6MWorld Rnk 98 / 226
Flag Rnk 203 / 1173
2023
Origin $851k United States
2022 - 2023
FASTEST GROWING ORIGIN $851kPeru
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $6.34M in Sauces and Seasonings, making it the 81st largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 105th most exported product in Ecuador. The main destination of Sauces and Seasonings exports from Ecuador are: United States ($1.98M), Spain ($1.77M), Chile ($1.15M), Colombia ($1.02M), and Germany ($123k).

The fastest growing export markets for Sauces and Seasonings of Ecuador between 2022 and 2023 were Chile ($832k), Colombia ($475k), and Spain ($161k).

Imports In 2023, Ecuador imported $23.6M in Sauces and Seasonings, becoming the 98th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 203rd most imported product in Ecuador. Ecuador imports Sauces and Seasonings primarily from: United States ($6.36M), Peru ($6.04M), Mexico ($4.44M), Colombia ($2.3M), and China ($1.12M).

The fastest growing import markets in Sauces and Seasonings for Ecuador between 2022 and 2023 were Peru ($851k), Mexico ($625k), and Colombia ($602k).

COMPANIES In 2021, leading companies such as Goya Foods (3) were at the forefront of shipping Sauces and Seasonings from Ecuador to the United States.

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Sauces and Seasonings exports accounted up to $553k and imports accounted up to $1.52M, resulting in a negative trade balance of $966k. Between December 2020 and December 2021 the exports of Ecuador's   Sauces and Seasonings have decreased by $-268k (-32.7%) from $821k to $553k, while imports increased by $416k (37.7%) from $1.1M to $1.52M.

Destinations In December 2021, Sauces and Seasonings were exported mostly to United States ($301k), Spain ($177k), Panama ($45.7k), Colombia ($24.8k), and United Kingdom ($3.64k), and were imported mostly from United States ($479k), Peru ($374k), Colombia ($235k), Mexico ($128k), and Italy ($82.7k).

Growth In December 2021, the decrease in Sauces and Seasonings's year-by-year exports was explained primarily by a decrease in exports to Spain ($-29.2k or -17.4%) and Panama ($-1.6k or -56.6%). In December 2021, the increase in Sauces and Seasonings's year-by-year imports was explained primarily by an increase in imports from Colombia ($125k or 444%), Spain ($12.1k or 130%), and China ($10.4k or 53%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-268k(-32.7%)
IMPORT GROWTH (December 2020 - December 2021)$416k(37.7%)
MAIN DESTINATION (December 2021)United States$301k

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.34M
IMPORTS (2023)$23.6M
NET TRADE (2023)-$17.3M

In 2023, Ecuador exported $6.34M in Sauces and Seasonings. The main destinations of Ecuador exports on Sauces and Seasonings were United States ($1.98M), Spain ($1.77M), Chile ($1.15M), Colombia ($1.02M), and Germany ($123k).

In 2023, Ecuador imported $23.6M in Sauces and Seasonings, mainly from United States ($6.36M), Peru ($6.04M), Mexico ($4.44M), Colombia ($2.3M), and China ($1.12M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Chile$832k (264%)
Colombia$475k (86.4%)
Spain$161k (10%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Ecuador WERE (2022 - 2023):
United States-$1.89M (-48.9%)
United Kingdom-$216k (-63.8%)
Panama-$90.4k (-73%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Sauces and Seasonings were:
United States $2.3B
Italy $1.8B
China $1.6B
In 2023, Ecuador's main importing competitors in Sauces and Seasonings were:
United States $2.2B
United Kingdom $1.28B
France $1.1B

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.41M
TOP IMPORT POTENTIALChina+ $1.18M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $1.41M.   Sauces and Seasonings’s highest import potential is China with an import gap of $1.18M.

See methodology.

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