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.