Overview: In August 2020 Ecuador exported $1.46B and imported $1.13B, resulting in a positive trade balance of $326M. Between August 2019 and August 2020 the exports of Ecuador have increased by $330M (29.2%) from $1.13B to $1.46B, while imports decreased by $-254M (-18.3%) from $1.39B to $1.13B.
Trade: In August 2020, the top exports of Ecuador were Cut Flowers ($370M), Bananas ($283M), Crustaceans ($247M), Processed Fish ($101M), and Cocoa Beans ($67.2M). In August 2020 the top imports of Ecuador were Passenger and Cargo Ships ($109M), Packaged Medicaments ($68.4M), Telephones ($55.7M), Cars ($32.5M), and Soybean Meal ($31.7M).
Origins: In August 2020 the exports of Ecuador were mainly from Guayaquil-Marítimo ($915M), Quito ($376M), Puerto Bolívar ($52.6M), Tulcán ($40.7M), and Guayaquil-Aéreo ($39M), while imports destinations were mainly Guayaquil-Marítimo ($663M), Manta ($158M), Quito ($155M), Tulcán ($63.9M), and Guayaquil-Aéreo ($58.4M).
Destinations: In August 2020, Ecuador exported mostly to United States ($307M), China ($133M), Russia ($80M), Spain ($65.2M), and Netherlands ($60.1M), and imported mostly from China ($280M), United States ($124M), Bahamas ($109M), Colombia ($108M), and Mexico ($42.1M).
Growth: In August 2020, the increase in Ecuador's year-by-year exports was explained primarily by an increase in exports to United States ($88.2M or 40.4%), Switzerland ($29.2M or 1.84k%), and Finland ($25.9M or 1.8k%), and product exports increase in Cut Flowers ($259M or 233%), Bananas ($43.2M or 18.1%), and Precious Metal Ore ($40.3M or 572%). In August 2020, the decrease in Ecuador's year-by-year imports was explained primarily by an decrease in imports from China ($-72.3M or -20.5%), United States ($-59.9M or -32.7%), and Japan ($-27.7M or -52.7%), and product imports decrease in Cars ($-39.5M or -54.9%), Delivery Trucks ($-32.7M or -63.4%), and Hot-Rolled Iron ($-12.3M or -71.7%).