Ecuador's trade surplus shrank to USD 12.2 million in December 2020 from USD 335.8 million in the corresponding month of the previous year. Imports jumped 7.5 percent over a year earlier to USD 1,810 million, as purchases hiked for commodities (20.4 percent), in particular industrial (25.6 percent) and agricultural (18.5 percent), and for consumption goods (11 percent), mainly non-durables (15.6 percent); while capital goods declined (-5.4 percent). Exports fell 9.8 percent to USD 1,822 million, dragged by crude oil exports (-22.8 percent) and non-oil commerce (-3.6 percent), of which bananas (-13.1 percent), coffee & coffee products (-15.4 percent), shrimps (-33.3 percent), and cacao (-16.8 percent). Considering full 2020, the trade surplus stood at USD 2,267 million, swinging from a USD 235 million deficit in 2019. source: Banco Central del Ecuador
Balance of Trade in Ecuador averaged -19401.76 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 March of 2021.
Balance of Trade in Ecuador is expected to be -420000.00 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 -420000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -420000.00 USD Thousand in 2022 and -620000.00 USD Thousand in 2023, according to our econometric models.