Guide Posts

What Are the Export Trends of Ecuadorian Shrimp?

Frozen Common Shrimp & Prawn
By Seujin Jang
Updated Jul 28, 2022
Global demand for Ecuadorian shrimp is rising. Both export volume and value reached new records in H1 2022.
  • Ecuadorian shrimp exports reached new records in H1 2022: Volume was recorded at 510 thousand mt, up 33% compared to the same period last year, while value totaled $3.29 billion, up by 58% YoY. Both volume and value were the highest levels on record for the first six months of a year.

Source: Tridge and Ecuador National Aquaculture Chamber

  • China gaining market share: China was the largest Ecuadorian shrimp export destination in H1 2022, with a trade volume of 269 thousand mt and a trade value of $1.669 billion. Value more-than-doubled from H1 2021 (+101% YoY) while volume grew 69% YoY. In trade value, China represented 51% of all shrimp exports from Ecuador during H1 2022, up from 40% in the same period last year. 
  • Value to other destinations continued to grow: In H1 2022, exports to the US grew in value by 34% YoY, exports to Spain 61% YoY, and exports to Italy 119% YoY. 

Source: Tridge and Ecuador National Aquaculture Chamber

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