Shrimp exports of Ecuador rise 33% in volume until August this year

Published 2022년 10월 17일

Tridge summary

Ecuador's shrimp exports have seen a significant increase of 33% from January to August of this year, generating revenue of $5,085 million. China is the largest buyer, followed by the United States, European Union, and Colombia. Despite economic experts predicting a recession, the sector is investing in technology and free trade agreements. However, Ecuador's trade balance for non-oil, non-mining products from January to August is negative, with imports exceeding exports by $2,690 million.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The sale of shrimp to the world remains in first place in the ranking of non-oil, non-mining exports; from January to August of this year the increase in volume is 33%, according to the Ecuadorian Federation of Exporters (Fedexpor). The amount of sales from January to August of this year adds up to 5,085 million dollars. The main buyer of Ecuadorian shrimp is China, in the same period analyzed it made purchases for 2,707 million dollars, in money the growth is 100% and in volume it is 67%. In the case of the United States there is also an increase in sales, in total it has bought 1,047 million dollars. In the European Union, the amount is 747 million dollars and in Colombia, 38 million dollars. The sector manages to increase its sales, despite the international situation in which economic experts speak of the arrival of a recession, as published by Diario EXPRESO. Shrimp farmers are focused on continuing to work on technology and investments, a new Skretting laboratory is opened. ...
Source: Expreso

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.