2022
Exports
$115kWorld Rnk 78 / 146
Flag Rnk 526 / 1017
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$18.6MWorld Rnk 42 / 218
Flag Rnk 253 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $115k in Pure Olive Oil, making it the 78th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 526th most exported product in Ecuador. The main destination of Pure Olive Oil exports from Ecuador are: Spain ($73.7k), Philippines ($16.4k), United States ($12.1k), Panama ($11.9k), and Maldives ($574).

The fastest growing export markets for Pure Olive Oil of Ecuador between 2021 and 2022 were Spain ($70.9k), Panama ($11.4k), and Maldives ($574).

Imports In 2022, Ecuador imported $18.6M in Pure Olive Oil, becoming the 42nd largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 253rd most imported product in Ecuador. Ecuador imports Pure Olive Oil primarily from: Spain ($14.6M), Italy ($3.02M), Argentina ($348k), Peru ($343k), and United States ($242k).

The fastest growing import markets in Pure Olive Oil for Ecuador between 2021 and 2022 were Spain ($467k), Peru ($156k), and United States ($143k).

COMPANIES In 2021, leading companies such as Continental Tire (1) and Goya Foods (1) were at the forefront of shipping Pure Olive Oil from Ecuador to the United States.

Latest Trends

December 2021

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2019 - December 2021)$701(63.4%)
IMPORT GROWTH (December 2020 - December 2021)$145k(13.5%)
MAIN DESTINATION (December 2021)United States$1.54k

This section shows Pure Olive 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 Pure Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$115k
IMPORTS (2022)$18.6M
NET TRADE (2022)-$18.5M

In 2022, Ecuador exported $115k in Pure Olive Oil. The main destinations of Ecuador exports on Pure Olive Oil were Spain ($73.7k), Philippines ($16.4k), United States ($12.1k), Panama ($11.9k), and Maldives ($574).

In 2022, Ecuador imported $18.6M in Pure Olive Oil, mainly from Spain ($14.6M), Italy ($3.02M), Argentina ($348k), Peru ($343k), and United States ($242k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Spain$70.9k (2.49k%)
Panama$11.4k (2.38k%)
Maldives$574 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Ecuador WERE (2021 - 2022):
Philippines-$8.2k (-33.4%)
South Korea-$709 (-100%)
United States-$415 (-3.32%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, Ecuador's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $39.7k
TOP IMPORT POTENTIALItaly+ $534k

Pure Olive Oil’s highest export potential is Spain. With an export gap of $39.7k.   Pure Olive Oil’s highest import potential is Italy with an import gap of $534k.

See methodology.

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