Ecuador's trade surplus narrowed to USD 62.5 million in March 2020 from USD 111.9 million in the corresponding month of the previous year, amid the coronavirus crisis. Exports plunged 18.6 percent over a year earlier to an over two-year low of USD 1585.5 million, mainly due to lower sales of commodity goods (-19.5 percent), namely crude oil (-56.3 percent); and manufactured products (-14.7 percent), of which petroleum derivatives (-47.2 percent), metals (-15.1 percent), and chemicals (-15.4 percent). Imports dropped 17 percent to a near three-year low of USD 1522.9 million, due to lower purchases of commodities (-11.2 percent), namely industrial (-11.9 percent) and construction materials (-29.4 percent); capital (-17.7 percent), mostly industrial (-17.6 percent), transport equipment (-17.8 percent) and agricultural (-18.9 percent); and consumption goods (-16.8 percent), namely non-durable (-5.3 percent) and durable (-32.8 percent); and fuels & lubricants (-27.5 percent).

Balance of Trade in Ecuador averaged -24397.86 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 May of 2020. source: Banco Central del Ecuador

Balance of Trade in Ecuador is expected to be 20000.00 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 -550000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -420000.00 USD Thousand in 2021 and -620000.00 USD Thousand in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Ecuador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
62504.00 244098.00 619602.00 -729014.00 1985 - 2020 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-11 02:00 PM Dec $335.8M $122.1M $80M
2020-03-13 03:30 PM Jan $27.9M $335.8M
2020-04-15 03:00 PM Feb $244.1M $27.9M $200M
2020-05-14 01:30 PM Mar $62.5M $244.1M $ 30M
2020-06-15 02:30 PM Apr $62.5M
2020-07-15 02:00 PM May
2020-08-14 03:45 PM Jun $ 20M
2020-09-14 02:00 PM Jul


News Stream
Ecuador Trade Surplus Narrows in March
Ecuador's trade surplus narrowed to USD 62.5 million in March 2020 from USD 111.9 million in the corresponding month of the previous year, amid the coronavirus crisis. Exports plunged 18.6 percent over a year earlier to an over two-year low of USD 1585.5 million, mainly due to lower sales of commodity goods (-19.5 percent), namely crude oil (-56.3 percent); and manufactured products (-14.7 percent), of which petroleum derivatives (-47.2 percent), metals (-15.1 percent), and chemicals (-15.4 percent). Imports dropped 17 percent to a near three-year low of USD 1522.9 million, due to lower purchases of commodities (-11.2 percent), namely industrial (-11.9 percent) and construction materials (-29.4 percent); capital (-17.7 percent), mostly industrial (-17.6 percent), transport equipment (-17.8 percent) and agricultural (-18.9 percent); and consumption goods (-16.8 percent), namely non-durable (-5.3 percent) and durable (-32.8 percent); and fuels & lubricants (-27.5 percent).
2020-05-14
Ecuador Trade Balance Swings to Surplus in February
Ecuador's trade balance shifted to a USD 244.1 million surplus in February 2020 from a USD 31.2 million deficit in the same month of the previous year. Exports rose 6.8 percent year-on-year to USD 1810.1 million, driven by higher sales of commodity goods (8.2 percent), in particular bananas (13.7 percent), shrimps (39 percent) and cacao (39.9 percent); and manufactured products (1.8 percent), namely cacao products (46.7 percent) and textiles (36.7 percent). Imports dropped 9.7 percent to USD 1482.7 million, mainly due to lower purchases of commodities (-14.3 percent), of which industrial (-17 percent), agricultural (-7.7 percent) and construction materials (-5.5 percent); and capital (-20.8 percent), mostly industrial (-20.7 percent), transport equipment (-21.5 percent) and agricultural (-12.7 percent).
2020-04-15
Ecuador Trade Balance Swings to Surplus in January
Ecuador's trade balance shifted to a USD 27.9 million surplus in January 2020 from a USD 397.9 million deficit in the corresponding month of the previous year. Exports rose 20 percent year-on-year to USD 1921.9 million, boosted by higher sales of commodity goods (24.8 percent), namely crude oil (14 percent), bananas (31 percent), shrimps (26.1 percent) and cacao (2.1 percent); and manufactured products (1.8 percent), of which petroleum derivatives (29.3 percent) and metals (15.1 percent). Imports declined 5.3 percent to USD 1893.9 million, mostly due to lower purchases of commodities (-9.9 percent), in particular industrial (-12.1 percent), agricultural (-1.1 percent) and construction materials (-9.8 percent); capital (-10.7 percent), mainly industrial (-7 percent); and consumption goods (-4.3 percent).
2020-03-13
Ecuador Posts Largest Trade Surplus in Over a Decade
Ecuador's trade balance shifted to a USD 335.8 million surplus in December 2019 from a USD 99.5 billion deficit in the same month of the previous year. It was the largest trade surplus since May 2008, as exports jumped 18.1 percent over a year earlier to USD 2020.1 million, driven by higher sales of commodity goods (23.4 percent), in particular crude oil (34 percent), bananas (10.6 percent), shrimps (11.1 percent) and cacao (14.6 percent). Imports dropped 6 percent to USD 1598.5 million, due to lower purchases of commodities (-14.3 percent), namely industrial (-16.6 percent), agricultural (-3 percent) and construction materials (-23.9 percent). Considering 2019 as a whole, the country posted a USD 855.1 million surplus, compared to a USD 475.9 million shortfall in 2018.
2020-02-11

Ecuador Balance of Trade
Ecuador's economy is highly dependent on oil exports (58 percent of total exports). Other exports include: fish and shrimps and bananas. Main imports are: raw materials for industry (25 percent of total imports), capital goods for industry (19 percent), fuels and lubricants (17 percent) and consumption durables (13 percent). Ecuador´s main trading partner is the United States (45 percent of total exports and 27 percent of imports). Others include: Chile, China, Peru, Colombia and Panama.