Ecuador's trade balance shifted to a USD 5.1 million surplus in July 2019 from a USD 132.6 million deficit in the corresponding month of the previous year. Exports increased 3.8 percent over a year earlier to USD 1981.8 million, boosted by higher sales of commodity goods (2.7 percent), namely shrimps (30 percent), wood (6.7 percent), cacao (12.7 percent), and flowers (17 percent); and industrial (7.1 percent), of which petroleum derivatives (59.8 percent) and chemicals & pharmaceutic products (38.9 percent). Imports dropped 3.2 percent to USD 1976.7 million, mostly due to lower purchases of commodities (-16.4 percent), in particular industrial (-13.7 percent); agricultural (-28 percent); and construction materials (-6.1 percent). Balance of Trade in Ecuador averaged -26216.48 USD Thousand from 1985 until 2019, 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.

Balance of Trade in Ecuador is expected to be -120000.00 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 -1804000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -420000.00 USD Thousand in 2020, according to our econometric models.

Ecuador Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-11 02:30 PM Balance of Trade Apr $-20.9M $108.0M
2019-07-11 02:00 PM Balance of Trade May $-118.3M $-20.9M
2019-08-12 03:45 PM Balance of Trade Jun $-23.5M $-118.3M $-110M
2019-09-10 02:00 PM Balance of Trade Jul $5.1M $-23.5M $-87M
2019-10-14 03:00 PM Balance of Trade Aug $5.1M
2019-11-15 02:10 PM Balance of Trade Sep
2019-12-12 09:30 PM Balance of Trade Oct


Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade 5114.00 -23522.00 619602.00 -729014.00 USD Thousand [+]
Current Account -261.64 -882.59 1548.29 -1399.01 USD Million [+]
Current Account to GDP -1.20 -0.50 5.17 -10.08 percent [+]
Imports 1976652.00 1808093.00 2592365.00 117453.00 USD Thousand [+]
Exports 1981766.00 1784571.00 2603522.00 66062.00 USD Thousand [+]
Capital Flows 1029.86 593.01 2538.95 -5561.90 USD Million [+]
Remittances 736.21 780.14 891.95 238.55 USD Million [+]
Gold Reserves 16.95 16.90 26.30 11.79 Tonnes [+]
Crude Oil Production 550.00 541.00 563.00 329.00 BBL/D/1K [+]
Terrorism Index 1.47 1.62 3.02 0.58 [+]
Foreign Direct Investment 132.90 606.62 783.20 -286.13 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Ecuador Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5114.00 -23522.00 619602.00 -729014.00 1985 - 2019 USD Thousand Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1153.00 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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