Ecuador's trade balance shifted to a USD 335.8 million surplus in December 2019 from a USD 99.5 billion deficit in the same month of the previous year. It was the largest trade surplus since May 2008, as exports jumped 18.1 percent over a year earlier to USD 2020.1 million, driven by higher sales of commodity goods (23.4 percent), in particular crude oil (34 percent), bananas (10.6 percent), shrimps (11.1 percent) and cacao (14.6 percent). Imports dropped 6 percent to USD 1598.5 million, due to lower purchases of commodities (-14.3 percent), namely industrial (-16.6 percent), agricultural (-3 percent) and construction materials (-23.9 percent). Considering 2019 as a whole, the country posted a USD 855.1 million surplus, compared to a USD 475.9 million shortfall in 2018.
Balance of Trade in Ecuador averaged -25368.60 USD Thousand from 1985 until 2019, 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. source: Banco Central del Ecuador
Balance of Trade in Ecuador is expected to be -1804000.00 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 -420000.00 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.