Ecuador's trade surplus shrank to USD 43.5 million in March of 2021 from USD 62.5 million in the corresponding month of the previous year. Imports soared 34.5 percent over a year earlier to USD 2,049 million, due to low baseline effects from the pandemic outbreak, driven by steep increases in the purchases of consumption goods (34.8 percent), particularly durables (50.2 percent), and of raw materials (36.3 percent) and capital goods (20.2 percent). Exports surged by 32.0 percent to USD 2,093 million, boosted by a rise in the sales of primary goods (31.5 percent), namely crude oil (115.4 percent), and of manufactured goods (33.9 percent). source: Banco Central del Ecuador

Balance of Trade in Ecuador averaged -18270.87 USD Thousand from 1985 until 2021, 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 June 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.

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Ecuador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
43552.00 241699.00 619602.00 -729014.00 1985 - 2021 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-12 02:00 PM Dec $12.2M $436.5M $260M
2021-03-12 03:00 PM Jan $116.9M $12.2M $200M
2021-04-15 01:30 PM Feb $241.7M $116.9M
2021-05-14 01:10 PM Mar $43.5M $241.7M
2021-06-15 03:00 PM Apr $43.5M
2021-07-15 02:00 PM May
2021-08-13 03:00 PM Jun
2021-09-28 03:00 PM Jul


News Stream
Ecuador Trade Surplus Shrinks in March
Ecuador's trade surplus shrank to USD 43.5 million in March of 2021 from USD 62.5 million in the corresponding month of the previous year. Imports soared 34.5 percent over a year earlier to USD 2,049 million, due to low baseline effects from the pandemic outbreak, driven by steep increases in the purchases of consumption goods (34.8 percent), particularly durables (50.2 percent), and of raw materials (36.3 percent) and capital goods (20.2 percent). Exports surged by 32.0 percent to USD 2,093 million, boosted by a rise in the sales of primary goods (31.5 percent), namely crude oil (115.4 percent), and of manufactured goods (33.9 percent).
2021-05-14
Ecuador Trade Surplus Widens in January
Ecuador's trade surplus widened to USD 116.9 million in January 2021 from USD 27.9 million in the corresponding month of the previous year. Imports decreased 10.35 percent over a year earlier to USD 1,698 million, driven by a decline purchases of consumption goods (13 percent), particularly durables (-26 percent), raw materials (-0.64 percent) and capital goods (-21 percent). Exports dropped 5.57 percent to USD 1,815 million, dragged by a fall in primary goods (-7.63 percent), namely crude oil (-10.63 percent) and bananas (-15.71 percent), that represent 80 percent of sales to the rest of the world.
2021-03-12
Ecuador Trade Surplus at 8-Month Low
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.
2021-02-12
Ecuador Trade Balance Swings to Surplus in September
Ecuador's trade balance shifted to a USD 331.7 million in September 2020 from a USD 23.1 million deficit in the corresponding month of the previous year. Imports slumped 20.5 percent over a year earlier to USD 1356 million, as purchases dropped for consumption goods (-14.6 percent), mainly durable (-29.6 percent) and non-durable (-8 percent); commodities (-18.2 percent), in particular industrial (-21.1 percent), agricultural (-1.9 percent) and construction materials (-29.1 percent); capital (-12.4 percent), of which industrial (-5.8 percent) and transport equipment (-30.6 percent); and fuels & lubricants (-40.9 percent). Exports fell at a slower 0.6 percent to USD 1757.6 million, due to lower sales of commodity goods (-1.2 percent), namely crude oil (-25.5 percent); while those of manufactured products rose (1.8 percent), boosted by chemicals (31 percent).
2020-11-13

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.