Ecuador's trade deficit widened to USD 350.3 million in November of 2018 from USD 248.0 million in the same month a year earlier. Imports increased 6.7 percent year-on-year to USD 2015.8 million from USD 1889.3 million in November 2017, boosted by higher purchases of fuels and lubricants (32.8 percent) and commodities (6.8 percent). On the other hand, purchases of consumption goods (-1.4 percent) and capital (-1.5 percent) fell. Exports rose 1.5 percent to USD 1665.5 million from USD 1641.2 million, driven by higher non-oil exports (7.4 percent), namely bananas (22.7 percent), shrimps (13.3 percent) and cacao (22.7 percent) while sales of oil dropped 7.0 percent. Balance of Trade in Ecuador averaged -25357.29 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 120000.00 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 -1804000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -420000.00 USD Thousand in 2020, according to our econometric models.

Ecuador Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-11 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
2019-01-14 01:30 PM Balance of Trade $-350.3M $-357.7M $ -420M
2019-02-11 02:30 PM Balance of Trade $-350.3M
2019-03-14 02:15 PM Balance of Trade
2019-04-11 03:25 PM Balance of Trade


Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade -350285.00 -357719.00 619602.00 -729014.00 USD Thousand [+]
Current Account -126.43 -118.12 1548.25 -1403.57 USD Million [+]
Current Account to GDP -0.20 1.40 5.17 -10.08 percent [+]
Imports 2015794.00 2325493.00 2592365.00 117453.00 USD Thousand [+]
Exports 1665509.00 1967774.00 2603522.00 66062.00 USD Thousand [+]
Capital Flows -262.23 137.24 1523.82 -5561.90 USD Million [+]
Remittances 768.07 767.30 891.95 238.55 USD Million [+]
Gold Reserves 11.80 11.80 26.30 11.79 Tonnes [+]
Crude Oil Production 520.00 515.00 563.00 329.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-350285.00 -357719.00 619602.00 -729014.00 1985 - 2018 USD Thousand Monthly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -2568800.00 Nov/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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