Coconut Oil in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $10.5M in Coconut Oil, making it the 31st largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 88th most exported product in Ecuador. The main destination of Coconut Oil exports from Ecuador are: Argentina ($2.74M), Colombia ($2.52M), Brazil ($1.89M), Mexico ($1.43M), and Bolivia ($837k).

The fastest growing export markets for Coconut Oil of Ecuador between 2021 and 2022 were Argentina ($1.46M), Mexico ($738k), and Colombia ($471k).

Imports In 2022, Ecuador imported $10.4M in Coconut Oil, becoming the 54th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 362nd most imported product in Ecuador. Ecuador imports Coconut Oil primarily from: Peru ($7.47M), Colombia ($2.14M), Indonesia ($356k), Philippines ($235k), and India ($69.4k).

The fastest growing import markets in Coconut Oil for Ecuador between 2021 and 2022 were Peru ($4.85M), Colombia ($1.44M), and Philippines ($104k).

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

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Coconut Oil exports accounted up to $2.21M and imports accounted up to $6.1k, resulting in a positive trade balance of $2.2M. Between December 2020 and December 2021 the exports of Ecuador's Coconut Oil have increased by $1.56M (241%) from $647k to $2.21M, while imports decreased by $-1.95k (-24.3%) from $8.06k to $6.1k.

Destinations In December 2021, Coconut Oil were exported mostly to Mexico ($696k), Colombia ($554k), Dominican Republic ($410k), Brazil ($326k), and Argentina ($169k), and were imported mostly from Italy ($4.7k) and United States ($1.4k).

Growth In December 2021, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to Peru ($140k or 866%) and Bolivia ($59.8k or 582%). In December 2021, the decrease in Coconut Oil'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 (December 2020 - December 2021)$1.56M(241%)

IMPORT GROWTH (December 2020 - December 2021)$-1.95k(-24.3%)

MAIN DESTINATION (December 2021)Mexico$696k

This section shows Coconut Oil'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 Coconut Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$10.5M

IMPORTS (2022)$10.4M

NET TRADE (2022)$155k

In 2022, Ecuador exported $10.5M in Coconut Oil. The main destinations of Ecuador exports on Coconut Oil were Argentina ($2.74M), Colombia ($2.52M), Brazil ($1.89M), Mexico ($1.43M), and Bolivia ($837k).

In 2022, Ecuador imported $10.4M in Coconut Oil, mainly from Peru ($7.47M), Colombia ($2.14M), Indonesia ($356k), Philippines ($235k), and India ($69.4k).

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