Ecuador recorded a trade deficit of 23522 USD Thousand in June of 2019. Balance of Trade in Ecuador averaged -26216.48 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 -120000.00 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
2019-05-14 01:30 PM Balance of Trade Mar $108.0M $-30.5M $50M
2019-06-11 02:30 PM Balance of Trade Apr $-20.9M $108.0M
2019-07-11 02:00 PM Balance of Trade May $-118.3M $-20.9M
2019-08-12 03:45 PM Balance of Trade Jun $-23.5M $-118.3M $-110M
2019-09-11 03:15 PM Balance of Trade Jul $-23.5M
2019-10-14 03:00 PM Balance of Trade Aug
2019-11-15 02:10 PM Balance of Trade Sep


Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade -23522.00 -118312.00 619602.00 -729014.00 USD Thousand [+]
Current Account -261.64 -882.59 1548.29 -1399.01 USD Million [+]
Current Account to GDP -1.20 -0.50 5.17 -10.08 percent [+]
Imports 1808093.00 2108350.00 2592365.00 117453.00 USD Thousand [+]
Exports 1784571.00 1990038.00 2603522.00 66062.00 USD Thousand [+]
Capital Flows 1029.86 593.01 2538.95 -5561.90 USD Million [+]
Remittances 736.21 780.14 891.95 238.55 USD Million [+]
Gold Reserves 16.90 11.80 26.30 11.79 Tonnes [+]
Crude Oil Production 531.00 532.00 563.00 329.00 BBL/D/1K [+]
Terrorism Index 1.47 1.62 3.02 0.58 [+]
Foreign Direct Investment 132.90 606.62 783.20 -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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-23522.00 -118312.00 619602.00 -729014.00 1985 - 2019 USD Thousand Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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