Imports soared 26.8 percent year-on-year in October 2018, 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. Imports in Ecuador averaged 850154.11 USD Thousand from 1985 until 2018, reaching an all time high of 2592365 USD Thousand in October of 2014 and a record low of 117453 USD Thousand in March of 1985.
Imports in Ecuador is expected to be 1870000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Ecuador to stand at 1986674.35 in 12 months time. In the long-term, the Ecuador Imports is projected to trend around 1880000.00 USD Thousand in 2020, according to our econometric models.