A series of shrewd business decisions over the years has helped transform Ecuador's shrimp industry into a global export force to be reckoned with, according to Rabobank Senior Analyst Gorjan Nikolik.

His comments come after Ecuador posted record shrimp exports for the second successive month in June.

In 2012, Ecuador exported just under 450 million pounds of shrimp valued at $1.1 billion (€1.08 billion).

Last year, helped by shipments to key markets in China, the United States and Europe, Ecuador shipped nearly 1.86