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Pricing

2022
Exports $785kWorld Rnk 79 / 175
Flag Rnk 295 / 1017
2022
Destination $182k Spain
2021 - 2022
FASTEST GROWING MARKET $182kUnited States
2022
PRODUCT COMPLEXITY IN Soups and Broths-0.5Rnk 704 / 1025
2022
Imports $2.55MWorld Rnk 117 / 223
Flag Rnk 616 / 1175
2022
Origin $309k United States
2021 - 2022
FASTEST GROWING ORIGIN $309kUnited States
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $785k in Soups and Broths, making it the 79th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 295th most exported product in Ecuador. The main destination of Soups and Broths exports from Ecuador are: Spain ($380k), United States ($291k), Costa Rica ($43.6k), Trinidad and Tobago ($20.1k), and El Salvador ($19.8k).

The fastest growing export markets for Soups and Broths of Ecuador between 2021 and 2022 were United States ($182k), Spain ($48.1k), and Costa Rica ($38.7k).

Imports In 2022, Ecuador imported $2.55M in Soups and Broths, becoming the 117th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 616th most imported product in Ecuador. Ecuador imports Soups and Broths primarily from: United States ($945k), Colombia ($566k), Mexico ($412k), Spain ($213k), and Germany ($189k).

The fastest growing import markets in Soups and Broths for Ecuador between 2021 and 2022 were United States ($309k), Colombia ($277k), and Mexico ($202k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Soups and Broths exports accounted up to $60.7k and imports accounted up to $128k, resulting in a negative trade balance of $67.4k. Between December 2020 and December 2021 the exports of Ecuador's   Soups and Broths have increased by $38.6k (174%) from $22.1k to $60.7k, while imports increased by $75.9k (145%) from $52.2k to $128k.

Destinations In December 2021, Soups and Broths were exported mostly to Spain ($31.8k), Puerto Rico ($28.7k), United States ($208), and Panama ($2.4), and were imported mostly from Colombia ($92.2k), Italy ($17.3k), Mexico ($17k), United States ($1.27k), and China ($222).

Growth In December 2021, the increase in Soups and Broths's year-by-year exports was explained primarily by an increase in exports to Spain ($4.93k or 37.6%). In December 2021, the increase in Soups and Broths's year-by-year imports was explained primarily by an increase in imports from Mexico ($51.9k or 4.64k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$38.6k(174%)
IMPORT GROWTH (December 2020 - December 2021)$75.9k(145%)
MAIN DESTINATION (December 2021)Spain$31.8k

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$785k
IMPORTS (2022)$2.55M
NET TRADE (2022)-$1.76M

In 2022, Ecuador exported $785k in Soups and Broths. The main destinations of Ecuador exports on Soups and Broths were Spain ($380k), United States ($291k), Costa Rica ($43.6k), Trinidad and Tobago ($20.1k), and El Salvador ($19.8k).

In 2022, Ecuador imported $2.55M in Soups and Broths, mainly from United States ($945k), Colombia ($566k), Mexico ($412k), Spain ($213k), and Germany ($189k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$182k (167%)
Spain$48.1k (14.5%)
Costa Rica$38.7k (795%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Ecuador WERE (2021 - 2022):
Canada-$144k (-99.8%)
Peru-$15.3k (-48.8%)
Chile-$3.88k (-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 Soups and Broths were:
United States $701M
Germany $209M
Canada $195M
In 2022, Ecuador's main importing competitors in Soups and Broths were:
United States $398M
Mexico $342M
Canada $302M

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $216k
TOP IMPORT POTENTIALUnited States+ $201k

Soups and Broths’s highest export potential is United States. With an export gap of $216k.   Soups and Broths’s highest import potential is United States with an import gap of $201k.

See methodology.

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