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2022
Exports $810kWorld Rnk 70 / 158
Flag Rnk 292 / 1017
2022
Destination $35.7k United States
2021 - 2022
FASTEST GROWING MARKET $35.7kUnited States
2022
PRODUCT COMPLEXITY IN Processed Cereals-0.77Rnk 775 / 1025
2022
Imports $15.4MWorld Rnk 38 / 218
Flag Rnk 295 / 1175
2022
Origin $491k Chile
2021 - 2022
FASTEST GROWING ORIGIN $491kColombia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $810k in Processed Cereals, making it the 70th largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 292nd most exported product in Ecuador. The main destination of Processed Cereals exports from Ecuador are: United States ($414k), Spain ($388k), Colombia ($6.92k), Netherlands ($955), and Luxembourg ($774).

The fastest growing export markets for Processed Cereals of Ecuador between 2021 and 2022 were United States ($35.7k), Spain ($31.8k), and Netherlands ($853).

Imports In 2022, Ecuador imported $15.4M in Processed Cereals, becoming the 38th largest importer of Processed Cereals in the world. At the same year, Processed Cereals was the 295th most imported product in Ecuador. Ecuador imports Processed Cereals primarily from: Chile ($14.4M), Colombia ($772k), Finland ($152k), China ($11k), and France ($532).

The fastest growing import markets in Processed Cereals for Ecuador between 2021 and 2022 were Colombia ($491k), Finland ($4.91k), and France ($532).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Processed Cereals exports accounted up to $26.7k and imports accounted up to $404k, resulting in a negative trade balance of $377k. Between December 2020 and December 2021 the exports of Ecuador's   Processed Cereals have decreased by $-47.5k (-64%) from $74.2k to $26.7k, while imports decreased by $-682k (-62.8%) from $1.09M to $404k.

Destinations In December 2021, Processed Cereals were exported mostly to United States ($19.4k), Colombia ($7.32k), and Panama ($0.6), and were imported mostly from Chile ($356k), Finland ($25.6k), and Colombia ($21.6k).

Growth In December 2021, the decrease in Processed Cereals's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Processed Cereals's year-by-year imports was explained primarily by a decrease in imports from Chile ($-602k or -66.6%) and Finland ($-3.64k or -18.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-47.5k(-64%)
IMPORT GROWTH (December 2020 - December 2021)$-682k(-62.8%)
MAIN DESTINATION (December 2021)United States$19.4k

This section shows Processed Cereals'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 Processed Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$810k
IMPORTS (2022)$15.4M
NET TRADE (2022)-$14.6M

In 2022, Ecuador exported $810k in Processed Cereals. The main destinations of Ecuador exports on Processed Cereals were United States ($414k), Spain ($388k), Colombia ($6.92k), Netherlands ($955), and Luxembourg ($774).

In 2022, Ecuador imported $15.4M in Processed Cereals, mainly from Chile ($14.4M), Colombia ($772k), Finland ($152k), China ($11k), and France ($532).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United States$35.7k (9.46%)
Spain$31.8k (8.92%)
Netherlands$853 (836%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY Ecuador WERE (2021 - 2022):
Peru-$32.2k (-100%)
Colombia-$10.3k (-59.9%)
Saudi Arabia-$1.58k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Processed Cereals were:
Canada $502M
Germany $183M
United States $168M
In 2022, Ecuador's main importing competitors in Processed Cereals were:
United States $597M
Germany $131M
China $127M

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $278k
TOP IMPORT POTENTIALFinland+ $55.4k

Processed Cereals’s highest export potential is United States. With an export gap of $278k.   Processed Cereals’s highest import potential is Finland with an import gap of $55.4k.

See methodology.

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