Ecuador's trade deficit narrowed to USD 20.9 million in April 2019 from USD 80.0 million in the same month of the previous year. It was the smallest trade gap since January 2017, as exports increased 9.6 percent year-on-year to USD 1989.1 million boosted by higher sales of commodity goods (15.5 percent), namely crude oil (39.1 percent), shrimps (4.6 percent), and fish (5.6 percent). Imports advanced 6.1 percent to USD 2010.0 million, driven by higher purchases of capital goods (7.7 percent), of which industrial (5.8 percent) and transport equipment (17.1 percent); consumption (9.1 percent), mostly non-durable (33.3 percent); and fuels & lubricants (23.8 percent). Meanwhile, purchases of commodities dropped (-6.4 percent), in particular agricultural (-10.4 percent) and industrial (-7.6 percent). Balance of Trade in Ecuador averaged -26011.95 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.

Balance of Trade in Ecuador is expected to be -110000.00 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 -1804000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -420000.00 USD Thousand in 2020, according to our econometric models.

Ecuador Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-13 03:30 PM Balance of Trade $-348.6M $-99.5M $-120M
2019-04-10 01:40 PM Balance of Trade $-30.5M $-348.6M $-75M
2019-05-14 01:30 PM Balance of Trade $108.0M $-30.5M $50M
2019-06-11 02:30 PM Balance of Trade $-20.9M $108.0M
2019-07-12 01:55 PM Balance of Trade $-20.9M
2019-08-12 03:15 PM Balance of Trade
2019-09-11 03:15 PM Balance of Trade


Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade -20878.00 108044.00 619602.00 -729014.00 USD Thousand [+]
Current Account -776.50 -126.43 1548.25 -1403.57 USD Million [+]
Current Account to GDP -1.20 -0.50 5.17 -10.08 percent [+]
Imports 2010017.00 1841494.00 2592365.00 117453.00 USD Thousand [+]
Exports 1989139.00 1949537.00 2603522.00 66062.00 USD Thousand [+]
Capital Flows -262.23 137.24 1523.82 -5561.90 USD Million [+]
Remittances 780.14 768.07 891.95 238.55 USD Million [+]
Gold Reserves 16.90 11.80 26.30 11.79 Tonnes [+]
Crude Oil Production 532.00 529.00 563.00 329.00 BBL/D/1K [+]
Terrorism Index 1.47 1.62 3.02 0.58 [+]
Foreign Direct Investment 200.44 209.45 783.07 -286.13 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Ecuador Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-20878.00 108044.00 619602.00 -729014.00 1985 - 2019 USD Thousand Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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