Small and medium enterprises observe opportunities in the international market, but require financing and training to innovate products with added value.
True Flavor S.A. is a small business located in Santo Domingo de los Tsáchilas. This company is dedicated to the production of black, white and green pepper.
Tru Flavor markets its products abroad since 2014, and therefore contributes to the country’s non-oil exports.
Processed foods represent 4% of total exports of small and medium enterprises (SMEs) and in 2018 the sector generated $ 111 million. SME exports totaled $ 2,672 million in 2018 in total.
This means a recovery of 12% in monetary value and 22% in volume compared to 2017. 25% arrives in the United States. Between January and June 2019, trade dropped $ 328 million compared to the same period of 2018.