NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $35.4kWorld Rnk 94 / 142
Flag Rnk 652 / 1002
2023
Destination $8.69k United States
2022 - 2023
FASTEST GROWING MARKET $8.69kPeru
2023
PRODUCT COMPLEXITY IN Soybeans-1.67Rnk 968 / 1025
2023
Imports $42.5kWorld Rnk 145 / 193
Flag Rnk 1054 / 1173
2023
Origin $7.58k United States
2022 - 2023
FASTEST GROWING ORIGIN $7.58kPeru
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $35.4k in Soybeans, making it the 94th largest exporter of Soybeans in the world. At the same year, Soybeans was the 652nd most exported product in Ecuador. The main destination of Soybeans exports from Ecuador are: United States ($26.6k), Peru ($8.69k), Netherlands ($131), and Indonesia ($42).

The fastest growing export markets for Soybeans of Ecuador between 2022 and 2023 were Peru ($8.69k).

Imports In 2023, Ecuador imported $42.5k in Soybeans, becoming the 145th largest importer of Soybeans in the world. At the same year, Soybeans was the 1054th most imported product in Ecuador. Ecuador imports Soybeans primarily from: United States ($34.9k), Peru ($7.58k), and Turkey ($32).

The fastest growing import markets in Soybeans for Ecuador between 2022 and 2023 were Peru ($7.58k) and Turkey ($32).

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
Flow
Color
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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$35.4k
IMPORTS (2023)$42.5k
NET TRADE (2023)-$7.07k

In 2023, Ecuador exported $35.4k in Soybeans. The main destinations of Ecuador exports on Soybeans were United States ($26.6k), Peru ($8.69k), Netherlands ($131), and Indonesia ($42).

In 2023, Ecuador imported $42.5k in Soybeans, mainly from United States ($34.9k), Peru ($7.58k), and Turkey ($32).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):Peru$8.69k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Ecuador WERE (2022 - 2023):
United States-$43k (-61.8%)
Canada-$11.6k (-100%)
Netherlands-$55 (-29.6%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Soybeans were:
Brazil $53.1B
United States $27.2B
Paraguay $3.26B
In 2023, Ecuador's main importing competitors in Soybeans were:
China $56.6B
Argentina $5.41B
Japan $2.14B

Explore Visualizations

Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $9.17k
TOP IMPORT POTENTIALUnited States+ $4.13M

Soybeans’s highest export potential is Canada. With an export gap of $9.17k.   Soybeans’s highest import potential is United States with an import gap of $4.13M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms