Overview: In March 2021 Ecuador exported $1.88B and imported $1.18B, resulting in a positive trade balance of $699M. Between March 2020 and March 2021 the exports of Ecuador have increased by $835M (79.8%) from $1.05B to $1.88B, while imports increased by $42.5M (3.73%) from $1.14B to $1.18B.
Trade: In March 2021, the top exports of Ecuador were Cut Flowers ($486M), Crustaceans ($386M), Bananas ($335M), Processed Fish ($122M), and Cocoa Beans ($64.3M). In March 2021 the top imports of Ecuador were Packaged Medicaments ($60.2M), Cars ($39.2M), Soybean Meal ($36.8M), Telephones ($36.7M), and Wheat ($31.6M).
Origins: In March 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.13B), Quito ($506M), Puerto Bolívar ($102M), Tulcán ($48.3M), and Guayaquil-Aéreo ($45.6M), while imports destinations were mainly Guayaquil-Marítimo ($798M), Quito ($155M), Manta ($61.7M), Tulcán ($59.5M), and Guayaquil-Aéreo ($59.3M).
Destinations: In March 2021, Ecuador exported mostly to United States ($383M), China ($219M), Russia ($124M), Spain ($93.6M), and Netherlands ($86.7M), and imported mostly from China ($225M), United States ($179M), Colombia ($114M), Brazil ($57.2M), and Peru ($53.2M).
Growth: In March 2021, the increase in Ecuador's year-by-year exports was explained primarily by an increase in exports to United States ($166M or 76.8%), Russia ($54.6M or 78.4%), and Spain ($47.6M or 103%), and product exports increase in Cut Flowers ($467M or 2.44k%), Crustaceans ($107M or 38.5%), and Precious Metal Ore ($36.7M or 215%). In March 2021, the increase in Ecuador's year-by-year imports was explained primarily by an increase in imports from China ($7.3M or 3.35%), United States ($5.99M or 3.47%), and Brazil ($5.36M or 10.3%), and product imports increase in Woodworking machines ($3.36M or 349%), Hot-Rolled Iron Bars ($2.95M or 52.8%), and Wheat ($2.86M or 9.95%).