Ecuadorian shrimp exports will break all-time record

Published 2022년 11월 15일

Tridge summary

Ecuador's shrimp exports have seen a significant increase in the first nine months of 2022, with a 54% growth compared to the same period in 2021, reaching USD 5,676 million. This growth is attributed to increased capital injection and investment in technology, with the total exports expected to hit USD 7.8 billion for the year. The sector's success is expected to make shrimp the top non-oil export for the fourth year in a row. However, negotiations for a trade agreement between Ecuador and Mexico are facing hurdles due to Mexico's concerns over competition from Ecuadorian shrimp. Despite these challenges, discussions about the agreement are ongoing, with the possibility of an agreement being reached before the upcoming Pacific Alliance summit.

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Original content

In the first nine months of 2022, shrimp exports amounted to USD 5,676 million, which means a growth of 54% compared to the period January-September 2021, according to the Central Bank. And it is a value that is 7% higher than total shrimp exports in 2021, which were USD 5,323 million. In this context, it is very possible that shrimp exports will be around USD 7.8 billion in 2022, says economic analyst José Orellana. If the forecasts are met, shrimp will rank as the main product in Ecuador's non-oil exportable basket for the fourth consecutive year. Shrimp that does not sleep The good performance of the shrimp sector is due to several factors, explains Xavier Rosero, vice president of the Ecuadorian Federation of Exporters (Fedexpor). One of these factors is the injection of capital that producers have made in recent years and that is already beginning to yield results. The credit for shrimp farming activities and larvae laboratories amounts to USD 846 million in the period ...

Source: Primicias