Ecuador’s trade surplus widened to USD 333.4 million in May of 2021 from USD 197.6 million in the corresponding month of the previous year. Exports went up 54.1 percent year-on-year to USD 2,232.3 million, mostly primary goods (48.8 percent to USD 1,757.4 million), of which crude oil weighed the most (206.4 percent to USD 681.0 million); and manufactured goods (77.6 percent to USD 474.9 million). Imports rose a slower 51.8 percent over a year earlier to USD 1,898.9 million, namely raw materials (33.9 percent to USD 757.6 million); capital goods (46.5 percent to USD 423.9 million); consumption goods (32.6 percent to USD 393.5 million); and fuels & lubricants (258.5 percent to USD 317.8). source: Banco Central del Ecuador
Balance of Trade in Ecuador averaged -17048.39 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 August of 2021.
Balance of Trade in Ecuador is expected to be 50000.00 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 -70000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -70000.00 USD Thousand in 2022 and -620000.00 USD Thousand in 2023, according to our econometric models.