Canada / Ecuador

Overview In January 2024, Canada exported C$20.5M and imported C$135M from Ecuador, resulting in a negative trade balance of C$114M. Between January 2023 and January 2024 the exports of Canada have decreased by C$-24M (-53.9%) from C$44.4M to C$20.5M, while imports increased by C$80.8M (150%) from C$53.7M to C$135M.

Trade In January 2024, the top exports of Canada to Ecuador were Wheat (C$37.7M), Dried Legumes (C$1.66M), Commodities not elsewhere specified (C$768k), Newsprint (C$480k), and Electrical Control Boards (C$351k). In January 2024 the top imports of Canada from Ecuador were Precious Metal Ore (C$21.3M), Bananas (C$9.4M), Cocoa Beans (C$8.42M), Crustaceans (C$3.66M), and Cut Flowers (C$3.65M).

Origins In January 2024 the exports of Canada were mainly from Saskatchewan (C$7.61M), Ontario (C$4.9M), Alberta (C$3.6M), Manitoba (C$1.77M), and Quebec (C$1.39M), while imports destinations were mainly New Brunswick (C$84.6M), Ontario (C$22.7M), Quebec (C$18.2M), British Columbia (C$5.26M), and Alberta (C$2.45M).

Growth In January 2024, the decrease in Canada's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Peat (C$-2.53M or -94.1%), Other Uncoated Paper (C$-774k or -75.2%), and Dried Legumes (C$-609k or -26.9%). In January 2024, the increase in Canada's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Precious Metal Ore (C$15.8M or 285%), Cocoa Beans (C$3.28M or 63.7%), and Bananas (C$3.13M or 50%).