In January 2024, Ecuador's exports increased by 11.7% year-on-year to US$2,619.8 million, driven mainly by oil (33.7%), i.e., crude oil, and non-oil shipments of products.

Main ecuador exports in 2023：

1.HS Code：2709000000(22.83%, $6364.16 Million)：Petroleum oils and oils obtained from bituminous minerals, crude

2.HS Code：306171900(21.5%, $5994.24 Million)：Frozen shrimps and prawns, even smoked, whether in shell or not, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (excluding cold-water shrimps and prawns): Other scampi

3.HS Code：803901190(9.94%, $2771.1 Million)

4.HS Code：603110000(4.9%, $1366.32 Million)：Fresh cut roses and buds, of a kind suitable for bouquets or for ornamental purposes

5.HS Code：7108120000(4.21%, $1173.67 Million)：Gold, incl. gold plated with platinum, unwrought, for non-monetary purposes (excluding gold in powder form)

6.HS Code：803901110(3.08%, $858.46 Million)：Bananas including fresh cavendish valery bananas

7.HS Code：1801001990(2.86%, $797.21 Million)：Cocoa beans, whole or broken, raw or roasted: Raw: Other

8.HS Code：2710192200(2.83%, $787.63 Million)：Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.: Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70

9.HS Code：306171100(2.81%, $784.2 Million)：Frozen shrimps and prawns, even smoked, whether in shell or not, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (excluding cold-water shrimps and prawns): Accelerated freeze dried(afd)

10.HS Code：306179990(1.86%, $517.84 Million)：Frozen shrimps and prawns, even in shell, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (excl. smoked and "pandalidae", "crangon", deepwater rose shrimps "parapenaeus longirostris" and shrimps of the genus "penaeus")

In January 2024, Ecuador's imports fell by 7.8% year-on-year to US$2,294.6 million, with lower purchases of fuels and lubricants (-19.3%), capital goods (-5.1%), and intermediate goods (-10.1%) partially offset by an increase in consumer goods (8.5%).

Major products export to ecuador in 2023：

1.HS Code：2710192199(6.73%, $1913.33 Million)

2.HS Code：2707509000(5.27%, $1499.29 Million)：OTHER MIXTURES OF AROMATIC HYDROCARBONS, OF WHICH 65 VOL.% OR MORE (INCLUDING LOSSES) IS DISTILLED AT A TEMPERATURE OF 250 DEGREES. CELSIUS ASTM D 86, FOR OTHER PURPOSES

3.HS Code：2710192120(4.11%, $1167.3 Million)：Jet fuel, kerosene type

4.HS Code：2304000000(3.25%, $925.37 Million)：Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil (detailed label not available)

5.HS Code：3004902900(2.18%, $619.63 Million)：Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excluding medicaments containing antibi

6.HS Code：2711120000(1.48%, $419.91 Million)：Propane, liquefied

7.HS Code：8703229090(1.27%, $361.78 Million)：Motor cars and other motor vehicles principally designed for the transport of 1.000 cm but <= 1.500 cm (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10): Other vehicles, with spark-ignition internal comb

8.HS Code：1001190000(1.05%, $298.82 Million)：Durum wheat (excluding seed for sowing)

9.HS Code：8703239090(1.02%, $290.82 Million)：Motor cars and other motor vehicles principally designed for the transport of 1.500 cm but <= 3.000 cm (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10): Other vehicles, with spark-ignition internal comb

10.HS Code：8517120029(1.02%, $289.56 Million)：Telephones for cellular networks "mobile telephones" or for other wireless networks + detailed label not available +

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1. Market Analysis

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2. Customer Development

Customer development is a widely used function that involves finding potential high-quality customers through product keywords, HS codes, or filtering based on transaction frequency, scale, traded products, and trade partners. Coupled with contact information, this approach facilitates direct engagement with buyers.

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3. Customer Acquisition

Customer acquisition involves examining changes in customers' trade partners to understand whether they are engaging new suppliers and if there is a need to optimize current approaches. This can also be used to analyze peer-to-peer transactions and understand peer pricing. At times, data can reflect the customer situations of peers, aiding in customer acquisition.

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Today, Tendata from Shanghai shares the extended value brought by customs data. They eagerly anticipate gradually highlighting the value of utilizing these combinations of customs data in the subsequent data functionality services of global trade Link (>>>Click to Learn More<<<).

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