Among the countries importing shrimp from Ecuador, South Korea emerges as the leader in securing it at the most affordable price point.

Price Comparison with Other Importing Nations

A comparative analysis reveals that South Korea stands out significantly in terms of affordability. In contrast to South Korea, Japan imports shrimp at approximately 70% higher prices, while Vietnam imports at more than 50% higher rates. China and Thailand, too, pay over 15% more compared to South Korea.

Data from ImportGenius, a reputable source for export and import transaction details, sheds light on the import dynamics. In 2023, among the nations importing shrimp from Ecuador, the top five importers include China, the United States, Spain, Italy, and France.

Detailed Price Breakdown

China leads the pack with imports priced at USD 8,588 per ton, followed by the United States at USD 11,482 per ton. Spain secures its imports at USD 7,886 per ton, while Italy and France pay USD 10,175 and USD 9,539 per ton, respectively.

Despite being the 18th largest importer of shrimp from Ecuador, South Korea demonstrates a distinct advantage in terms of price. With an import price per ton of USD 7,355, South Korea surpasses its neighboring countries in securing this sought-after seafood at a budget-friendly rate.

Comparative Import Prices

Among South Korea’s neighboring nations, Japan and Vietnam import shrimp at significantly higher prices per ton. Japan’s import price stands at USD 12,673 per ton, approximately 70% higher than South Korea’s rate. Meanwhile, Vietnam’s import price is USD 11,429 per ton, marking a 55% increase compared to South Korea.