Ecuador, known for its rich biodiversity and fertile lands, has made its mark in the global tea market. In 2021, the country exported tea valued at $1.52M, securing its position as the 76th largest tea exporter worldwide. While tea ranked as the 209th most exported product from Ecuador in the same year, its significance in Ecuador’s export portfolio cannot be overlooked.
Ecuadorian Tea Exports
The United States stood as the primary destination for Ecuadorian tea exports, importing tea worth $727k. Colombia followed closely with $315k, Costa Rica with $130k, Panama with $86.8k, and Malaysia with $83.5k. These destinations highlight the global demand and appreciation for Ecuadorian teas, known for their unique flavors and distinct profiles.
Notably, the fastest-growing export markets for Ecuador’s tea between 2020 and 2021 were Panama, experiencing a significant increase of $86.8k, followed by the Netherlands with $80.5k and Colombia with $77k.
|North America||Costa Rica||130,472|
|North America||United States||727,339|
Tea Imports in Ecuador
In 2021, Ecuador imported tea worth $572k, positioning itself as the 161st largest tea importer globally. Although tea ranked as the 829th most imported product in Ecuador that year, the country’s import trends showcase its receptiveness to teas from around the world. Ecuador primarily imports tea from the United States, China, Sri Lanka, Germany, and Poland. The United States accounted for the largest share, with $152k in tea imports, followed by China with $143k, Sri Lanka with $70.4k, Germany with $62.6k, and Poland with $50.6k.
Notably, between 2020 and 2021, the United States witnessed significant growth in tea imports by Ecuador, with an increase of $72k. China and Poland followed suit with notable increases of $46.3k and $31.8k, respectively.
|North America||United States||151,675|
Potential Of Tea Import and Export Between Vietnam-Ecuador
While the bilateral trade between Vietnam and Ecuador may not currently reach significant levels, it is worth noting that Ecuador’s tea imports in 2021 amounted to a total value of $8,876. Recognizing this, it becomes evident that Vietnam, as a global leader in tea production and export, has immense potential to collaborate with Ecuador in introducing Vietnamese tea to the Ecuador market in the foreseeable future.
Tariffs and Trade Dynamics
In 2018, the average tariff for tea imports in Ecuador stood at 25.1%. Ecuador maintains import tariffs to protect domestic tea producers and safeguard local industries. The countries with the highest import tariffs for tea in Ecuador were Angola, Burundi, Benin, Burkina Faso, and Botswana, each applying a Most Favoured Nation duty rate treatment of 27.5%.
Ecuador’s tea industry is flourishing, positioning itself as a notable player in the global tea trade. With its distinct teas and commitment to producing quality products, Ecuador continues to capture the attention of tea enthusiasts worldwide. As Ecuador expands its tea exports to existing and emerging markets, the industry is poised for further growth. Furthermore, Ecuador’s growing imports reflect the nation’s evolving tea preferences and the desire to cater to diverse consumer demands. As Ecuador navigates the global tea trade, it will play a vital role in shaping the dynamics of the industry and contributing to the global tea community.