Ecuador's trade deficit widened to USD 357.7 million in October of 2018 from USD 158.5 million in the same month a year ago. It is the widest monthly trade gap since August of 2017. Exports surged 17.4 percent (vs 16.4 percent in September), mainly nudged by a 36.5 percent jump in oil exports. Meantime, imports soared 26.8 percent, mainly explained by a 66.0 percent advance in gasoline imports, followed by a 26.0 percent jump in purchases of commodities. Meantime, consumption (+16.3 percent) and capital goods (+10.3 percent) rose below average. Balance of Trade in Ecuador averaged -24556.98 USD Thousand from 1985 until 2018, 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.

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 -157607.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around 100000.00 USD Thousand in 2020, according to our econometric models.

Ecuador Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-12 10:15 PM Balance of Trade $-132.6M $-121.1M $-46.9M $ -208.2M
2018-10-11 03:00 PM Balance of Trade $-220.7M $-132.6M $ -85M
2018-11-14 02:10 PM Balance of Trade $-73.2M $-220.7M $ -175M
2018-12-12 10:30 PM Balance of Trade $-357.7M $-73.2M $ -140M
2019-01-11 02:00 PM Balance of Trade $-357.7M $-420M
2019-02-15 02:30 PM Balance of Trade $ 50M
2019-03-13 11:15 PM Balance of Trade


Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade -357720.00 -73160.00 619602.00 -729014.00 USD Thousand [+]
Current Account -118.12 64.99 1548.25 -1403.57 USD Million [+]
Current Account to GDP -0.20 1.40 5.17 -10.08 percent [+]
Imports 2325493.00 1921203.00 2592365.00 117453.00 USD Thousand [+]
Exports 1967800.00 1848042.00 2603522.00 66062.00 USD Thousand [+]
Capital Flows 137.24 -20.42 1523.82 -5561.90 USD Million [+]
Remittances 767.30 715.05 891.95 238.55 USD Million [+]
Gold Reserves 11.80 11.80 26.30 11.79 Tonnes [+]
Crude Oil Production 515.00 514.00 563.00 329.00 BBL/D/1K [+]
Terrorism Index 1.62 0.79 3.02 0.58 [+]
Foreign Direct Investment 205.01 324.97 783.07 -286.13 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Ecuador Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-357720.00 -73160.00 619602.00 -729014.00 1985 - 2018 USD Thousand Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13952.30 Oct/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -2047.00 Nov/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 3799.41 Nov/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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