Ecuador's trade deficit narrowed to USD 118.3 million in May 2019 from USD 125.9 million in the corresponding month of the previous year. Exports rose 2 percent year-on-year to USD 1990.0 million driven by higher sales of commodity goods (1.3 percent), in particular shrimps (9.9 percent), bananas (3.2 percent), flowers (2 percent) and fish (33.9 percent); and industrial (4.7 percent), namely petroleum derivatives (53.4 percent) and chemicals & pharmaceutic products (22.5 percent). Imports went up 1.5 percent to USD 2108.4 million, boosted by higher purchases of capital goods (28.7 percent), of which industrial (12.7 percent) and transport equipment (68 percent). Meanwhile, purchases fell for consumption goods (-5.2 percent), mainly durable (-10.4 percent); commodities (-5.2 percent), mostly industrial (-10.9 percent); and fuels & lubricants (-10.1 percent). Balance of Trade in Ecuador averaged -26011.95 USD Thousand from 1985 until 2019, 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 -110000.00 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
2019-04-10 01:40 PM Balance of Trade Feb $-30.5M $-348.6M $-75M
2019-05-14 01:30 PM Balance of Trade Mar $108.0M $-30.5M $50M
2019-06-11 02:30 PM Balance of Trade Apr $-20.9M $108.0M
2019-07-11 02:00 PM Balance of Trade May $-118.3M $-20.9M
2019-08-12 03:15 PM Balance of Trade Jun $-118.3M
2019-09-11 03:15 PM Balance of Trade Jul
2019-10-14 03:00 PM Balance of Trade Aug


Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade -118312.00 -20878.00 619602.00 -729014.00 USD Thousand [+]
Current Account -261.64 -882.59 1548.29 -1399.01 USD Million [+]
Current Account to GDP -1.20 -0.50 5.17 -10.08 percent [+]
Imports 2108350.00 2010017.00 2592365.00 117453.00 USD Thousand [+]
Exports 1990038.00 1989139.00 2603522.00 66062.00 USD Thousand [+]
Capital Flows 1029.86 593.01 2538.95 -5561.90 USD Million [+]
Remittances 736.21 780.14 891.95 238.55 USD Million [+]
Gold Reserves 16.90 11.80 26.30 11.79 Tonnes [+]
Crude Oil Production 531.00 532.00 563.00 329.00 BBL/D/1K [+]
Terrorism Index 1.47 1.62 3.02 0.58 [+]
Foreign Direct Investment 132.90 606.62 783.20 -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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-118312.00 -20878.00 619602.00 -729014.00 1985 - 2019 USD Thousand Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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