Exports from Ecuador dropped 8.3 percent year-on-year to USD 1657.0 million in January 2019 from USD 1806.3 million in the corresponding month of the previous year. Exports were mainly driven by lower sales of crude oil (-18.8 percent), bananas (-1.1 percent), shrimps (-1.1 percent), fish (-15.7 percent), wood (-10.5 percent) and chemicals & pharmaceutical products (-22.1 percent). Meanwhile, sales rose for cacao (42 percent), flowers (2.6 percent) and manufactured metals (14.4 percent). Exports in Ecuador averaged 751751.80 USD Thousand from 1979 until 2018, reaching an all time high of 2603522 USD Thousand in May of 2014 and a record low of 66062 USD Thousand in March of 1987.
Exports in Ecuador is expected to be 1940000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Ecuador to stand at 196000.00 in 12 months time. In the long-term, the Ecuador Exports is projected to trend around 1980000.00 USD Thousand in 2020, according to our econometric models.