Ecuador recorded a trade deficit of 385669 USD Thousand in September of 2022. source: Banco Central del Ecuador

Balance of Trade in Ecuador averaged -15765.20 USD Thousand from 1985 until 2022, reaching an all time high of 619602.00 USD Thousand in May of 2008 and a record low of -729014.00 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 December of 2022.

Balance of Trade in Ecuador is expected to be -310248.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Balance of Trade is projected to trend around -328966.00 USD Thousand in 2023 and -346746.00 USD Thousand in 2024, according to our econometric models.

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Ecuador Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-10-14 04:00 PM Aug $-23.9M $22M $21M
2022-11-14 04:00 PM Sep $-38.6M $-23.9M $ 19.9M
2022-12-15 04:00 PM Oct $-38.6M -29M

Related Last Previous Unit Reference
Balance of Trade -385669.00 -239496.00 USD Thousand Sep 2022
Current Account 1366.27 808.05 USD Million Jun 2022
Current Account to GDP 2.90 2.70 percent of GDP Dec 2021
Imports 3011092.00 2882003.00 USD Thousand Sep 2022
Exports 2625423.00 2642507.00 USD Thousand Sep 2022
Capital Flows 1562.08 764.99 USD Million Jun 2022
Remittances 1103.60 1209.50 USD Million Mar 2022
Foreign Direct Investment 675.99 133.84 USD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-385669.00 -239496.00 619602.00 -729014.00 1985 - 2022 USD Thousand Monthly

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Ecuador Trade Balance Swings to Deficit
Ecuador recorded a trade deficit of USD 125.5 million in January of 2022, swinging from a USD 116.9 million surplus in the corresponding month of 2022. Imports surged by 52.5 percent to USD 2,581 million, mainly on primary goods (57.9 percent to USD 1,011 million), fuels and lubricants (57.3 percent to USD 512 million), and consumer goods (41.3 percent to USD 484 million). At the same time, exports rose at a slower 35.3 percent to USD 2,455 million, driven by primary goods (40 percent to USD 2,047 million), mainly crude petroleum (25.9 percent to USD 669 million).
Ecuador Trade Surplus Narrows in November
Ecuador’s trade surplus narrowed to USD 105.9 million in November of 2021 from USD 343.8 million in the corresponding month of 2020. Imports surged by 56.2 percent to USD 2,502 million, mainly on primary goods (80.3 percent to USD 963.6 million), fuels and lubricants (122.6 percent to USD 530.4 million) and consumer goods (20.3 percent to USD 535.9 million). At the same time, exports rose at a slower 34 percent to USD 2,608 million, driven my primary goods (35.5 percent to USD 2,126 million), mainly crude oil (67 percent to USD 689.1 million) and manufactured goods (27.8 percent to USD 482 million).