Ecuador's trade balance shifted to a USD 122.8 million surplus in November 2019 from a USD 350.3 billion deficit in the same month of the previous year. Exports jumped 12.8 percent year-on-year to USD 1878.1 million, boosted by higher sales of commodity goods (13.6 percent), namely shrimps (46 percent), bananas (3.2 percent), cacao (0.8 percent), flowers (3.2 percent) and wood (108.5 percent); and industrial (8.9 percent), of which petroleum derivatives (2.2 percent) and metals (11.6 percent). Imports fell 12.9 percent to USD 1755.2 million, mostly due to lower purchases of commodities (-15.6 percent), in particular industrial (-13.7 percent), agricultural (-20.5 percent) and construction materials (-20.8 percent); capital goods (-16 percent), mainly industrial (-13.7 percent), transport equipment (-20.5 percent) and agricultural (-27.7 percent); consumption (-11.4 percent), of which durable (-19.9 percent), non-durable (-5.3 percent); and fuels & lubricants (-7.2 percent). Balance of Trade in Ecuador averaged -26294.56 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. source: Banco Central del Ecuador

Balance of Trade in Ecuador is expected to be 30000.00 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 -620000.00 USD Thousand in 2020, according to our econometric models.


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Ecuador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
122852.00 -270952.00 619602.00 -729014.00 1985 - 2019 USD Thousand Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-14 04:20 PM Aug $2.2M $5.1M $-1.9M
2019-11-13 03:00 PM Sep $-23.1M $2.2M $1.8M
2019-12-12 02:00 PM Oct $-270.1M $-23.1M $-20M
2020-01-15 01:00 PM Nov $122.8M $-270.1M $-230M
2020-02-14 02:15 PM Dec $122.8M $80M


News Stream
2019-12-12
Ecuador Trade Gap Narrows in October
Ecuador's trade deficit narrowed to USD 270.1 million in October 2019 from USD 357.7 million in the corresponding month of the previous year. Imports dropped 1.4 percent over a year earlier to USD 2012.8 million, mainly due to lower purchases of commodities (-11.6 percent), namely industrial (-14.7 percent) and construction materials (-26.9 percent); capital goods (-2.9 percent), in particular transport equipment (-9.2 percent); consumption (-10.4 percent), of which durable (-25.1 percent); and fuels & lubricants (-30.1 percent). Exports fell 11.5 percent to USD 1741.1 million, as sales declined for commodity goods (-9 percent), mainly crude oil (-19 percent), bananas (-5 percent), cacao (-40.9 percent) and tuna (-42.8 percent); and industrial (-20.4 percent), of which petroleum derivatives (-27.5 percent), metals (-33.7 percent), and chemicals & pharmaceutic products (-22.8 percent).

2019-11-13
Ecuador Trade Gap Narrows in September
Ecuador's trade deficit narrowed to USD 23.1 million in September 2019 from USD 73.2 million in the corresponding month of the previous year. Imports declined 6.8 percent year-on-year to USD 1791.2 million, mostly due to lower purchases of commodities (-7.4 percent), of which industrial (-9.2 percent), and construction materials (-6 percent); capital goods (-6.7 percent), namely industrial (-5 percent), and transport equipment (-6.7 percent); and fuels & lubricants (-16.2 percent). Exports fell 4.3 percent to USD 1768.1 million, mainly due to lower sales of commodity goods (-4.7 percent), in particular cacao (-16.2 percent), flowers (-1 percent) and tuna (-18.5 percent); and industrial (-2.8 percent), of which petroleum derivatives (-25.3 percent), metals (-4.5 percent), and chemicals & pharmaceutic products (-29.8 percent).

2019-09-10
Ecuador Trade Balance Swings to Surplus in July
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).

2019-07-11
Ecuador Trade Gap Narrows in May
Ecuador's trade deficit narrowed to USD 118.3 million in May 2019 from USD 125.9 million in the corresponding month of the previous year. Exports rose 2 percent year-on-year to USD 1990.0 million driven by higher sales of commodity goods (1.3 percent), in particular shrimps (9.9 percent), bananas (3.2 percent), flowers (2 percent) and fish (33.9 percent); and industrial (4.7 percent), namely petroleum derivatives (53.4 percent) and chemicals & pharmaceutic products (22.5 percent). Imports went up 1.5 percent to USD 2108.4 million, boosted by higher purchases of capital goods (28.7 percent), of which industrial (12.7 percent) and transport equipment (68 percent). Meanwhile, purchases fell for consumption goods (-5.2 percent), mainly durable (-10.4 percent); commodities (-5.2 percent), mostly industrial (-10.9 percent); and fuels & lubricants (-10.1 percent).

2019-06-11
Ecuador Trade Gap Narrows in April
Ecuador's trade deficit narrowed to USD 20.9 million in April 2019 from USD 80.0 million in the same month of the previous year. It was the smallest trade gap since January 2017, as exports increased 9.6 percent year-on-year to USD 1989.1 million boosted by higher sales of commodity goods (15.5 percent), namely crude oil (39.1 percent), shrimps (4.6 percent), and fish (5.6 percent). Imports advanced 6.1 percent to USD 2010.0 million, driven by higher purchases of capital goods (7.7 percent), of which industrial (5.8 percent) and transport equipment (17.1 percent); consumption (9.1 percent), mostly non-durable (33.3 percent); and fuels & lubricants (23.8 percent). Meanwhile, purchases of commodities dropped (-6.4 percent), in particular agricultural (-10.4 percent) and industrial (-7.6 percent).

2019-05-14
Ecuador Trade Surplus Largest in Nearly 2 Years
Ecuador's trade surplus widened to USD 108.0 million in March 2019 from USD 95.0 million in the same month of the previous year. It was the largest trade surplus since April 2017, as exports rose 5.2 percent year-on-year to USD 1949.5 million, driven by higher sales of commodity goods (7.5 percent), namely crude oil (12.7 percent), shrimps (12.1 percent), and fish (0.4 percent). Imports went up 4.8 percent to USD 1841.5 million, boosted by higher purchases of commodities (7.1 percent), of which agricultural (5.7 percent), industrial (3.5 percent) and building materials (47.0 percent); and fuels & lubricants (40.8 percent). On the other hand, purchases declined for capital goods (-5.2 percent), mostly agricultural (-21.6 percent) and transport equipment (-23.6 percent); and consumption goods (-10.5 percent), in particular durable (-22.2 percent). Considering the first quarter of the year, the country recorded a USD 271.0 million trade shortfall.


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.

Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade 122852.00 -270952.00 619602.00 -729014.00 USD Thousand [+]
Current Account -64.90 -36.85 1548.23 -1398.86 USD Million [+]
Current Account to GDP -1.20 -0.50 5.17 -10.08 percent [+]
Imports 1755212.00 2012848.00 2592365.00 117453.00 USD Thousand [+]
Exports 1878064.00 1741896.00 2603522.00 66062.00 USD Thousand [+]
Capital Flows 917.54 94.52 2537.11 -5561.90 USD Million [+]
Remittances 845.57 809.61 891.95 238.55 USD Million [+]
Gold Reserves 16.95 16.95 26.30 11.79 Tonnes [+]
Crude Oil Production 546.00 467.00 563.00 329.00 BBL/D/1K [+]
Terrorism Index 2.46 1.47 3.02 0.58 [+]
Foreign Direct Investment 127.87 275.86 788.09 -286.05 USD Million [+]