Leading Ecuador's Exports by Country & Company in 2024 - Tendata

Situated on the northwest coast of South America, the Republic of Ecuador recorded US$34.4 billion in global exports during 2024.

That figure reflects a 70.2% increase compared to the $20.2 billion shipped in 2020, and a 10.6% year-over-year rise from $31.1 billion in 2023.

Since March 2000, Ecuador has officially adopted the US dollar as its national currency, a move that has helped stabilize Ecuador's export performance and attract foreign investment.

Recent statistics indicate that 77% of Ecuador's export shipments went to a few major markets. The United States ranked first with 20.4%, followed by Panama (18.3%), China (14.8%), and the Netherlands (3.3%). Other key destinations include Peru, Spain, Chile, Russia, Colombia, Germany, Italy, and Malaysia.

From a regional standpoint, 24.1% of Ecuador's export value was delivered to Asia, 30.3% went to Latin America (excluding Mexico), and 22.5% reached North America. The rest went to Europe (22.1%), Africa (0.8%), and Oceania (0.2%) led by Australia and New Zealand.

With a population of about 18 million, Ecuador's export data translates to roughly $1,900 per person in 2024, compared with $1,700 in 2023.

Ecuador's Top 10 Export Products

The following product groups dominated Ecuador's export performance in 2024:

1. Mineral fuels (oil) – $9.6 billion (27.8%)

2. Fish & seafood – $7.4 billion (21.4%)

3. Fruits and nuts – $4.3 billion (12.4%)

4. Cocoa – $3.6 billion (10.5%)

5. Ores, slag, and ash – $2.4 billion (5.9%)

6. Prepared meat/seafood – $1.72 billion (5%)

7. Gems and precious metals – $1.7 billion (3.1%)

8. Cut flowers and live plants – $1 billion (3%)

9. Wood – $581 million (1.7%)

10. Vegetables – $340 million (1%)

These ten categories together accounted for 91.8% of Ecuador's export revenue.

Cocoa was the fastest-growing item, jumping 174% year-on-year.

Prepared seafood and meat ranked second with a 25.5% increase, while vegetables gained 9.8%.

The only major decline came from precious metals, which fell 25.2% due to weaker gold sales.

Looking at the HS code details, leading products included crude oil (25.1%), lobsters & crustaceans (20.3%), bananas & plantains (11.2%), cocoa beans (9.7%), and processed fish products (4.9%).

Ecuador's Export Companies

For businesses exploring Ecuador's export opportunities, connecting with trustworthy suppliers is essential. With Tendata's trade intelligence tools, companies can:

·Search by HS code or keyword

·Identify thousands of verified buyers and suppliers

·Track import/export trends

·Access direct contact details of decision-makers

Example: In 2024, Tendata's system identified the Top 10 suppliers in Ecuador for Coffee, including:

1.INDUCAFEXPORTO S.A.S. – 35.36% ($0.59M)

2.HACIENDA LA PAPAYA – 11.37% ($0.19M)

3.SOLUBLES INSTANTANEOS C.A. (SICA) – 9.03% ($0.15M)

4.YUMBO COFFEE TRADING S.A.S. – 8.91% ($0.15M)

5.PRODUCTORA DE CAFE GALAPAGOS – 6.77% ($0.11M)

6.CARAVELA ECUADOR S.A. – 5.95% ($0.1M)

7.ROBALINO ORTIZ KATALINA A. – 4.85% ($0.08M)

8.AGROGORA CÍA. LTDA. – 4.75% ($0.08M)

9.COFFEEXCHANGE S.A. – 1.67% ($0.03M)

10.CONFITECA C.A. – 1.37% ($0.02M)

Whether you're an experienced exporter or a newcomer, Ecuador's export data offers valuable insights into market trends and business opportunities. Contact Tendata today for a free online demo to explore more.