Ecuador's trade surplus widened sharply to USD 368.1 million in August 2020 from USD 16.3 million in the same month of the previous year. It was the largest trade surplus since May 2008, as imports plunged 25.9 percent over a year earlier to USD 1419.4 million, due to lower purchases of consumption goods (-19.1 percent), in particular durable (-43.2 percent) and non-durable (-5.5 percent); commodities (-33.8 percent), mostly industrial (-35.9 percent), agricultural (-21.9 percent) and construction materials (-43.5 percent); capital (-5.8 percent), namely industrial (-18.8 percent); fuels & lubricants (-42.9 percent). Exports fell at a softer 7.5 percent to USD 1787.5 million, as sales dropped for commodity goods (-11.9 percent), of which crude oil (-36.7 percent); while those of manufactured products rose (11.3 percent), driven by petroleum derivatives (25.2 percent) and chemicals (33.1 percent).

Balance of Trade in Ecuador averaged -21761.69 USD Thousand from 1985 until 2020, reaching an all time high of 619602 USD Thousand in May of 2008 and a record low of -729014 USD Thousand in December of 2014. This page provides - Ecuador Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Banco Central del Ecuador

Balance of Trade in Ecuador is expected to be -420000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ecuador to stand at 110000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -420000.00 USD Thousand in 2021 and -620000.00 USD Thousand in 2022, according to our econometric models.

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Ecuador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
368076.00 182692.00 619602.00 -729014.00 1985 - 2020 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 02:00 PM May $198.6M $-66.6M $-80M
2020-08-14 03:00 PM Jun $323.5M $198.6M $170M
2020-09-28 03:00 PM Jul $182.7M $323.5M $300M
2020-10-14 04:00 PM Aug $368.1M $182.7M $130M
2020-11-13 03:00 PM Sep $368.1M $ 300M
2020-12-15 09:30 PM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Ecuador Posts Largest Trade Surplus Since 2008
Ecuador's trade surplus widened sharply to USD 368.1 million in August 2020 from USD 16.3 million in the same month of the previous year. It was the largest trade surplus since May 2008, as imports plunged 25.9 percent over a year earlier to USD 1419.4 million, due to lower purchases of consumption goods (-19.1 percent), in particular durable (-43.2 percent) and non-durable (-5.5 percent); commodities (-33.8 percent), mostly industrial (-35.9 percent), agricultural (-21.9 percent) and construction materials (-43.5 percent); capital (-5.8 percent), namely industrial (-18.8 percent); fuels & lubricants (-42.9 percent). Exports fell at a softer 7.5 percent to USD 1787.5 million, as sales dropped for commodity goods (-11.9 percent), of which crude oil (-36.7 percent); while those of manufactured products rose (11.3 percent), driven by petroleum derivatives (25.2 percent) and chemicals (33.1 percent).
2020-10-14
Ecuador Trade Surplus Widens in July
Ecuador's trade surplus widened to USD 182.7 million in July 2020 from USD 14.5 million in the corresponding month of the previous year. Imports tumbled 27.7 percent over a year earlier to USD 1422.6 million, due to lower purchases of commodities (-25.1 percent), namely industrial (-26.3 percent), agricultural (-6.2 percent) and construction materials (-58.4 percent); capital (-32.7 percent), in particular industrial (-21.8 percent) and transport equipment (-58.9 percent); and consumption goods (-20.3 percent), of which non-durable (-0.9 percent) and durable (-51.5 percent); and fuels & lubricants (-33.9 percent). Exports dropped 19 percent to USD 1605.3 million, as sales fell for commodity goods (-18.6 percent), mostly crude oil (-41.6 percent); and manufactured products (-20.4 percent), of which petroleum derivatives (-71.6 percent) and chemicals (-16.9 percent).
2020-09-28
Ecuador Trade Balance Swings to Surplus in June
Ecuador's trade balance shifted to a USD 323.5 million surplus in June of 2020 from a USD 104.2 million deficit in the same month of the previous year. Exports dropped 8.3 percent over a year earlier to USD 1,637 million, as sales declined for commodity goods (-6.2 percent), namely crude oil (-24.7 percent); and manufactured products (-15.7 percent), in particular petroleum derivatives (-72.1 percent). Imports plunged 27.6 percent to USD 1,237 million, due to lower purchases of commodities (-5.9 percent) and consumption goods (-25.2 percent).
2020-08-14
Ecuador Trade Balance Swings to Surplus in May
Ecuador's trade balance shifted to a USD 198.6 million surplus in May 2020 from a USD 96.3 million deficit in the same month of the previous year. Imports plunged 41.1 percent over a year earlier to USD 1173.7 million, due to lower purchases of commodities (-12.5 percent), of which industrial (-11.5 percent) and construction materials (-54.6 percent); capital (-51.9 percent), mainly industrial (-33.8 percent), transport equipment (-78 percent) and agricultural (-41.7 percent); and consumption goods (-34.7 percent), mostly non-durable (-5.7 percent) and durable (-72.3 percent); and fuels & lubricants (-78.5 percent). Exports dropped 27.2 percent to USD 1448.2 million, as sales declined for commodity goods (-24.4 percent), namely crude oil (-69.2 percent); and manufactured products (-37.6 percent), in particular petroleum derivatives (-98.7 percent), metals (-42.7 percent), and chemicals (-48.6 percent).
2020-07-15

Ecuador Balance of Trade
Ecuador's economy is highly dependent on oil exports (58 percent of total exports). Other exports include: fish and shrimps and bananas. Main imports are: raw materials for industry (25 percent of total imports), capital goods for industry (19 percent), fuels and lubricants (17 percent) and consumption durables (13 percent). Ecuador´s main trading partner is the United States (45 percent of total exports and 27 percent of imports). Others include: Chile, China, Peru, Colombia and Panama.