Ecuador palm oil export quantities

In 2019 Ecuador exported 394,820 tonnes of palm oil. In 2019 alone, the demand for Ecuador palm oil (processed category) has shrunk, recording a change of -36.056 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports reduced by -35.3 pc bringing the country US$268.40m for the year 2019. Ecuador's palm oil exports are categorised as:

  • Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
  • Crude palm oil (HS code 151110)
  • Crude palm kernel and babassu oil (HS code 151321)
  • Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)

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Ecuador palm oil export values

In 2019, Ecuador supplied palm oil valued at 268.40m USD, a contraction of -37.95% from 2018's total palm oil export of 432.56m USD. The yearly reduction in value of Ecuador palm oil between 2017 to 2018 was -8.414 percent.

The per year change in the amount of Ecuador's palm oil exports between 2017 and 2019 was -35.3 pc compared to a variation of -36.056% in the period between 2018 and 2019.

Ecuador's stake of the world's total palm oil's exports in 2019 was less than 1%. The country is ranked number 26 in world exports of palm oil.

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Export markets for Ecuador palm oil ( in '000$ )

Ecuador's top destinations for palm oil are Colombia, Brazil, Portugal, Cuba and Peru.

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Ecuador bought 39,084 tonnes of palm oil in 2019.

Production

The production of palm oil in Ecuador was 18,207,584 tonnes in 2019 and is predicted to change by an average of -18.3%. The country had approximately 1,607,264.00 hectares under palm oil cultivation.