Ecuador

Overview In December 2021 Ecuador exported $1.55B and imported $1.83B, resulting in a negative trade balance of $288M. Between December 2020 and December 2021 the exports of Ecuador have increased by $54.1M (3.62%) from $1.49B to $1.55B, while imports increased by $416M (29.3%) from $1.42B to $1.83B.

Trade In December 2021, the top exports of Ecuador were Crustaceans ($519M), Bananas ($322M), Processed Fish ($109M), Cocoa Beans ($76.4M), and Gold ($53.4M). In December 2021 the top imports of Ecuador were Cars ($81.7M), Soybean Meal ($74M), Packaged Medicaments ($66.2M), Telephones ($58.4M), and Vaccines, blood, antisera, toxins and cultures ($49.2M).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.25B), Puerto Bolívar ($71.6M), Tulcán ($64.5M), Guayaquil-Aéreo ($59.4M), and Quito ($44.2M), while imports destinations were mainly Guayaquil-Marítimo ($1.21B), Quito ($238M), Manta ($119M), Tulcán ($112M), and Guayaquil-Aéreo ($69.1M).

Destinations In December 2021, Ecuador exported mostly to United States ($309M), China ($279M), Russia ($87.6M), Colombia ($79.5M), and Spain ($62.6M), and imported mostly from China ($545M), United States ($205M), Colombia ($159M), Brazil ($105M), and Peru ($74.7M).

Growth In December 2021, the increase in Ecuador's year-by-year exports was explained primarily by an increase in exports to China ($156M or 127%), Spain ($24M or 62.2%), and Italy ($18.7M or 55.3%), and product exports increase in Crustaceans ($283M or 120%), Gold ($14.6M or 37.7%), and Coffee and Tea Extracts ($9.21M or 146%). In December 2021, the increase in Ecuador's year-by-year imports was explained primarily by an increase in imports from China ($165M or 43.3%), Brazil ($42.3M or 67.6%), and Argentina ($37.9M or 200%), and product imports increase in Vaccines, blood, antisera, toxins and cultures ($34.6M or 238%), Soybean Meal ($32.4M or 77.8%), and Coated Flat-Rolled Iron ($16.9M or 96.2%).