Ecuadorian exports grow since 2017, boosted by shrimp farmers

Published 2022년 11월 7일

Tridge summary

Ecuador's exports have seen a consistent growth of around 8% per year since 2017, with a significant surge of 21% by August 2022, primarily driven by the shrimp sector. The shrimp industry has experienced a 33% increase in exports in volume, generating $5.085 million in revenue from January to August 2022. There has been a shift towards value-added shrimp products, which are more appealing in international markets and supermarkets, leading to a projected growth of 45% for this year. The growth is also attributed to advancements in technology, such as the use of software for data analysis and production forecasting, which has significantly contributed to the sector's expansion.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ecuadorian exports have a continuous growth since 2017, which borders on average 8%; until August 2022 it has risen 21%, projecting one of the best years, according to the Ecuadorian Federation of Exporters (Fedexpor). It is a growth that is mainly boosted by the sale of shrimp farmers, a sector that found its north of success in research, technology and investments; Until August of this year, the export of shrimp in volume grew by 33%, which has allowed to add 5,085 million dollars for sales to the world. The aquaculture sector does not want to lose that momentum, which is why at the last fair they held, the talks revolved around the importance of further promoting added value, which is a strategy that is not new, it has been around since 1990. But only in the In recent years, the covers were offered with the product ready to be prepared, Gabriel Luna, an Ecuadorian shrimp market analyst, told Diario EXPRESO. He specified that the trend is to increase the amount of ...

Source: Expreso