Ecuador / Belgium

Overview In December 2021, Ecuador exported $19.7M and imported $16.7M from Belgium, resulting in a positive trade balance of $2.93M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-2.98M (-13.2%) from $22.6M to $19.7M, while imports increased by $8.43M (101%) from $8.31M to $16.7M.

Trade In December 2021, the top exports of Ecuador to Belgium were Bananas ($10.7M), Cocoa Beans ($3.8M), Crustaceans ($3.55M), Processed Fish ($302k), and Other Processed Fruits and Nuts ($192k). In December 2021 the top imports of Ecuador from Belgium were Coated Flat-Rolled Iron ($985k), Other Heating Machinery ($969k), Organo-Sulfur Compounds ($915k), Packaged Medicaments ($497k), and Nitric Acids ($370k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($17.1M), Puerto Bolívar ($1.58M), Manta ($729k), Quito ($244k), and Guayaquil-Aéreo ($7.22k), while imports destinations were mainly Quito ($10.1M), Guayaquil-Marítimo ($6.37M), Guayaquil-Aéreo ($182k), Manta ($85.9k), and Tulcán ($7.93k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Bananas ($-1.89M or -15%), Tropical Fruits ($-793k or -96.5%), and Crustaceans ($-446k or -11.2%). In December 2021, the increase in Ecuador's year-by-year imports  from Belgium was explained primarily by an increase in product imports  in Other Heating Machinery ($920k or 1.89k%), Coated Flat-Rolled Iron ($715k or 265%), and Nitric Acids ($327k or 758%).