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.