Here in Venezuela they don't do anything related to the Day of the Dead.
However, in Ecuador they do. I don't remember all of the traditions, but the typical sweets of the day include the colada morada, which is a great, delicious purple (sort of) thick fruit punch, and the guaguas de pan ("guagua" is a word borrowed from Quechua, meaning "child") which are a nice kind of sweet bread in the shape of little humanoids. They are offered to the Dead, and eaten among family and friends... In fact I remember making some of those guaguas de pan when I was in elementary school.
A guagua de pan with colada morada.