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.


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Ecuador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
335770.00 122148.00 619602.00 -729014.00 1985 - 2019 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-13 03:00 PM Sep $-23.1M $2.2M $1.8M
2019-12-12 02:00 PM Oct $-270.1M $-23.1M $-20M
2020-01-15 01:00 PM Nov $122.8M $-270.1M $-230M
2020-02-11 02:00 PM Dec $335.8M $122.1M $80M
2020-03-13 03:30 PM Jan $335.8M
2020-04-15 01:40 PM Feb
2020-05-15 01:30 PM Mar $ 30M
2020-06-15 02:30 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Ecuador Posts Largest Trade Surplus in Over a Decade
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.
2020-02-11
Ecuador Trade Balance Swings to Surplus in November
Ecuador's trade balance shifted to a USD 122.8 million surplus in November 2019 from a USD 350.3 billion deficit in the same month of the previous year. Exports jumped 12.8 percent year-on-year to USD 1878.1 million, boosted by higher sales of commodity goods (13.6 percent), namely shrimps (46 percent), bananas (3.2 percent), cacao (0.8 percent), flowers (3.2 percent) and wood (108.5 percent); and industrial (8.9 percent), of which petroleum derivatives (2.2 percent) and metals (11.6 percent). Imports fell 12.9 percent to USD 1755.2 million, mostly due to lower purchases of commodities (-15.6 percent), in particular industrial (-13.7 percent), agricultural (-20.5 percent) and construction materials (-20.8 percent); capital goods (-16 percent), mainly industrial (-13.7 percent), transport equipment (-20.5 percent) and agricultural (-27.7 percent); consumption (-11.4 percent), of which durable (-19.9 percent), non-durable (-5.3 percent); and fuels & lubricants (-7.2 percent).
2020-01-15
Ecuador Trade Gap Narrows in October
Ecuador's trade deficit narrowed to USD 270.1 million in October 2019 from USD 357.7 million in the corresponding month of the previous year. Imports dropped 1.4 percent over a year earlier to USD 2012.8 million, mainly due to lower purchases of commodities (-11.6 percent), namely industrial (-14.7 percent) and construction materials (-26.9 percent); capital goods (-2.9 percent), in particular transport equipment (-9.2 percent); consumption (-10.4 percent), of which durable (-25.1 percent); and fuels & lubricants (-30.1 percent). Exports fell 11.5 percent to USD 1741.1 million, as sales declined for commodity goods (-9 percent), mainly crude oil (-19 percent), bananas (-5 percent), cacao (-40.9 percent) and tuna (-42.8 percent); and industrial (-20.4 percent), of which petroleum derivatives (-27.5 percent), metals (-33.7 percent), and chemicals & pharmaceutic products (-22.8 percent).
2019-12-12
Ecuador Trade Gap Narrows in September
Ecuador's trade deficit narrowed to USD 23.1 million in September 2019 from USD 73.2 million in the corresponding month of the previous year. Imports declined 6.8 percent year-on-year to USD 1791.2 million, mostly due to lower purchases of commodities (-7.4 percent), of which industrial (-9.2 percent), and construction materials (-6 percent); capital goods (-6.7 percent), namely industrial (-5 percent), and transport equipment (-6.7 percent); and fuels & lubricants (-16.2 percent). Exports fell 4.3 percent to USD 1768.1 million, mainly due to lower sales of commodity goods (-4.7 percent), in particular cacao (-16.2 percent), flowers (-1 percent) and tuna (-18.5 percent); and industrial (-2.8 percent), of which petroleum derivatives (-25.3 percent), metals (-4.5 percent), and chemicals & pharmaceutic products (-29.8 percent).
2019-11-13

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.