Ecuador increases its exports of non-traditional products by 400% – La Nación

These are products such as fish flour, balsa, metal manufactures, banana products and, above all, fish oil.

The export of non-traditional Ecuadorian products experienced growth of up to 400% in the first quarter of 2024 compared to the same period of the previous year, according to a statement from the Ministry of Production, Foreign Trade, Investments and Fisheries of the Andean country.

The export of products such as fish meal, balsa, metal manufactures, banana products and fish oil increased exponentially in the first three months of this year.

Fish oil, which reached markets such as France, Colombia, Chile, Belgium and Perutopped the list with a growth of 429.1% and the value of its export reached 12 million dollars, according to calculations by the Ecuadorian Government.

The next product on the list was flour. fish, which increased its exports by 149.5%which represented 34 million dollars. This article was mainly addressed to Asian countries such as China, Japan or Vietnam.

For its part, with a growth of 83.1% and 21.4% included raft and manufacturing of metals with a value of 32 and 94 million dollars, respectively.

Among the countries that imported Ecuadorian metals are United States, Colombia or Peruwhile the raft was exported to China and Poland.

The banana processors, who went to United States, Netherlands or Spainincreased their exports by 15,7%, which represented an income of 56 million dollars.

This increase in products different from those traditionally exported by Ecuador, such as cocoa, shrimp or coffeewas shown as “a effort to diversify the offer exportable and strengthen the presence in international markets,” his government indicated in a statement.