Trade Trend

In 2023, Ecuador's total export value is 31.13Billion USD, total import value is 30.90Billion USD, Surplus is 224.88Million USD, and foreign trade dependency is 0.522. In 2023，Ecuador's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(7.82Billion USD), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(7.21Billion USD), Bananas, including plantains; fresh or dried(3.79Billion USD), top export destinations are United States(7.35Billion USD), China(5.67Billion USD), Panama(4.47Billion USD). In 2023, Ecuador's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(4.20Billion USD), Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents(2.30Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.38Billion USD), top import origins are United States(8.27Billion USD), China(6.40Billion USD), Colombia(2.29Billion USD).

Comparing to 2022, Ecuador's total export value decreased -1.53Billion USD(-4.69%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-2.21Billion USD or -22.04%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-420.89Million USD or -27.24%), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(-86.44Million USD or -1.18%) and export decreases to countries/economics such as United States(-1.63Billion USD or -18.17%), Chile(-310.52Million USD or -24.09%), Colombia(-200.42Million USD or -20.53%). Comparing to 2022, Ecuador's total import value decreased -2.15Billion USD(-6.50%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-402.14Million USD or -8.75%), Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents(-207.21Million USD or -8.25%), Petroleum gases and other gaseous hydrocarbons(-200.03Million USD or -24.62%), and its import decreases from countries/economies such as China(-879.42Million USD or -12.08%), South Korea(-361.47Million USD or -29.71%), United States(-277.57Million USD or -3.25%).

Cumulated to first 7 months of 2024, Ecuador's total export value is 13.21Billion USD, total import value is 10.67Billion USD, and tradesurplus is 2.54Billion USD. Cumulated to first 7 months of 2024, Ecuador's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(4.25Billion USD), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(2.55Billion USD), Bananas, including plantains; fresh or dried(1.49Billion USD), and top export destinations are United States(3.60Billion USD), China(2.34Billion USD), Panama(1.92Billion USD). Cumulated to first 7 months of 2024, Ecuador's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(4.25Billion USD), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(2.55Billion USD), Bananas, including plantains; fresh or dried(1.49Billion USD), and top import origins areUnited States(2.58Billion USD), China(2.45Billion USD), Colombia(640.57Million USD).