Soybeans in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $79.9k in Soybeans, making it the 82nd largest exporter of Soybeans in the world. At the same year, Soybeans was the 567th most exported product in Ecuador. The main destination of Soybeans exports from Ecuador are: United States ($69.5k), Canada ($10.2k), Netherlands ($162), and Indonesia ($72).

The fastest growing export markets for Soybeans of Ecuador between 2021 and 2022 were United States ($31.4k), Canada ($10.2k), and Netherlands ($155).

Imports In 2022, Ecuador imported $16M in Soybeans, becoming the 67th largest importer of Soybeans in the world. At the same year, Soybeans was the 287th most imported product in Ecuador. Ecuador imports Soybeans primarily from: United States ($16M).

The fastest growing import markets in Soybeans for Ecuador between N/A and 2022 were United States ($16M).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Soybeans from Ecuador to the United States.

Latest Trends

October 2021

About

Overview In October 2021 Ecuador's Soybeans exports accounted up to $4.48k and imports accounted up to $18.8k, resulting in a negative trade balance of $14.3k. Between May 2013 and October 2021 the exports of Ecuador's Soybeans have increased by $2.66k (147%) from $1.82k to $4.48k, while imports decreased by $-24.2k (-56.3%) from $42.9k to $18.8k.

Destinations In October 2021, Soybeans were exported mostly to , and were imported mostly from .

Growth In October 2021, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to . In May 2021, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2013 - October 2021)$2.66k(147%)

IMPORT GROWTH (June 2015 - May 2021)$-24.2k(-56.3%)

MAIN DESTINATION (October 2021)

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$79.9k

IMPORTS (2022)$16M

NET TRADE (2022)-$15.9M

In 2022, Ecuador exported $79.9k in Soybeans. The main destinations of Ecuador exports on Soybeans were United States ($69.5k), Canada ($10.2k), Netherlands ($162), and Indonesia ($72).

In 2022, Ecuador imported $16M in Soybeans, mainly from United States ($16M).

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