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 Netherlands ($27.1M or 56.9%), Switzerland ($26.8M or 258%), and Qatar ($24.8M or 1.45k%), and product exports increase in Cut Flowers ($177M or 56.4%), Gold ($14M or 46.4%), and Copper Ore ($11.9M or 24.4%). In December 2021, the increase in Ecuador's year-by-year imports was explained primarily by an increase in imports from Bolivia ($14.2M or 99.4%), Canada ($8.17M or 65.9%), and South Korea ($4.74M or 19.8%), and product imports increase in Soybean Oil ($7.92M or 117%), Coated Flat-Rolled Iron ($6.89M or 39.6%), and Hot-Rolled Iron ($6.4M or 39.7%).