Ecuador's trade balance shifted to a USD 331.7 million in September 2020 from a USD 23.1 million deficit in the corresponding month of the previous year. Imports slumped 20.5 percent over a year earlier to USD 1356 million, as purchases dropped for consumption goods (-14.6 percent), mainly durable (-29.6 percent) and non-durable (-8 percent); commodities (-18.2 percent), in particular industrial (-21.1 percent), agricultural (-1.9 percent) and construction materials (-29.1 percent); capital (-12.4 percent), of which industrial (-5.8 percent) and transport equipment (-30.6 percent); and fuels & lubricants (-40.9 percent). Exports fell at a slower 0.6 percent to USD 1757.6 million, due to lower sales of commodity goods (-1.2 percent), namely crude oil (-25.5 percent); while those of manufactured products rose (1.8 percent), boosted by chemicals (31 percent). source: Banco Central del Ecuador
Balance of Trade in Ecuador averaged -20937.83 USD Thousand from 1985 until 2020, reaching an all time high of 619602 USD Thousand in May of 2008 and a record low of -729014 USD Thousand in December of 2014. This page provides - Ecuador Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Balance of Trade in Ecuador is expected to be 170000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ecuador to stand at 50000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -70000.00 USD Thousand in 2021 and -620000.00 USD Thousand in 2022, according to our econometric models.