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Ecuador export

Ecuador Export Data

The Republic of Ecuador is another name for Ecuador. It is situated in South America's northwest region. Ecuador is bordered by Colombia, Peru, and the Pacific Ocean, among other two nations. In terms of land area, Ecuador ranks ninth among the countries in South America. Ecuador, whose total land size is roughly 283,561 km^2, is ranked 78th in terms of area. According to Ecuador's trade statistics for 2022, out of 226 countries, the country ranked 65th in the world for total commodities exported. In 2022, Ecuador exported goods worth a total of $36.33 billion. Ecuador's merchandise exports rose by 32% in comparison to 2021. In 2022, exports of goods increased by $8.68 billion. Ecuador is a prosperous South American nation recognized for a wide variety of exports. Ecuador is renowned for having a vast natural resource base and a diverse economy. The nation has made a name for itself as a significant participant in international trade over time. Ecuador's advantageous location and business-friendly atmosphere have allowed it to effectively broaden its export market. Let us explore more about Ecuador's export data and gain insights about its key export trends in 2022.

Ecuador Export Data | Ecuador Trade Data

73

The country has been ranked 73rd in global exports, showing a significant position in the international trade and export landscape.

0.1%

With a mere 0.1% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

USA

The USA holds a significant role as the largest export partner of the country in terms of goods exports and export share.

PETROLEUM OIL AND CRUDE OIL

Petroleum oil and crude oil are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of Ecuador

Ecuador is renowned for its diverse range of exports, making it a significant player in the global market. The country's top 10 exports in 2022 reflect its rich natural resources and agricultural prowess. The top 10 exports of Ecuador in 2022 according to its export data are:

  • Petroleum oils and oils obtained from bituminous minerals, crude oil: 30% ($10.8 billion)
  • Crustaceans: 22% ($8 billion)
  • Bananas: 9.95% ($3.52 billion)
  • Petroleum oils and waste oils: 4.83% ($1.7 billion)
  • Prepared or preserved fish, caviar: 4.23% ($1.49 billion)
  • Copper ores and concentrates: 3.65% ($1.29 billion)
  • Cut flowers and flower buds ornamental purposes: 2.87% ($1.01 billion)
  • Cocoa beans: 2.58% ($915 million)
  • Gold: 2.55% ($902 million)
  • Precious metal ores and concentrates: 2.03% ($720 million)
    • Partners

    Top 10 Export Partners of Ecuador

    As for the top 10 export partners, Ecuador maintains robust trade relationships with countries across the globe. The United States stands as Ecuador's most significant export partner, with its appetite for Ecuadorian products constantly growing. Ecuador’s top 10 export partners in 2022 include:

    Value In Percentage(%)

  • USA: 27% (9.8 billion US$)
  • China: 17.6% (6.24 billion US$)
  • Panama: 14.1% (4.99 billion US$)
  • Chile: 3.84% (1.36 billion US$)
  • Colombia: 3.03% (1.07 billion US$)
  • Spain: 2.91% (1.03 billion US$)
  • Peru: 2.87% (1.01 billion US$)
  • Russia: 2.81% (994 million US$)
  • Netherlands: 2.04% (722 million US$)
  • Italy: 1.7% (603 million US$)
    • Sample Data

    Understanding Ecuador’s Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    So, as you can see that in this report, we also include the importers’/exporter's names and address details. In this comprehensive customs database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. Ecuador's export sector has a significant economic impact on the nation. The money received from these exports is a major factor in the expansion of the local economy and in the creation of jobs for the populace. Significant investments are also made in industries that focus on exports, which promotes productivity growth and technological developments. Additionally, Ecuador's currency and overall economic stability are strengthened by the foreign exchange inflow brought in by exports. According to the Ecuador trade data, Ecuador exported goods worth a total of $35 billion in 2022. You can discover a range of fields in Ecuador's export data and trade data, including the total value of the currency, product description, quantity, price, and more. It contains all relevant information about HS codes, exporter names, destination countries, etc. For dealers and marketers, this custom export data is crucial information that helps them make informed decisions.

    Benefits

    Benefits of Ecuador’s Export Data

  • Produce quality export sales from the Ecuador export market.
  • Determine the demand for products in Ecuador right now.
  • Monitor competitors and outperform them in position.
  • Build your marketing plan based on data.
  • Make a major impact on Ecuador's export market.
  • Establish goals for the future and maximize earnings.
  • You’ll receive the name and address of the importer/exporter in our reports.

    • Frequently Asked Questions!!

    Ecuador's biggest exports in 2022 include crude oil, bananas, shrimp, processed fish, and flowers.

    36% of Ecuador's exports are made up of crude oil and related goods.

    The United States accounts for 28% of total exports, followed by China (18%) and Panama (14%). Other significant trade partners include Spain, Chile, Colombia, and Peru.

    The top 10 exports of Ecuador in 2022 are petroleum oils, crustaceans, bananas, petroleum waste oils, prepared or preserved fish, copper ores, cut flowers, cocoa beans, gold, and precious metal ores.

    Ecuador relies on fundamental trade partners such as the United States and the European Union to facilitate its export activities.

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