Imports to Ecuador rose 7.3 percent year-on-year to USD 1725.8 million in February of 2019 from USD 1608.4 million a year earlier, mainly driven by higher purchases of commodities (4 percent), namely agricultural (6.8 percent), industrial (0.7 percent) and building materials (34.8 percent); capital goods (15.6 percent), of which industrial (20.3 percent) and transport equipment (7.8 percent); and fuels & lubricants (15.2 percent). Meanwhile, purchases of consumption goods fell (-2.9 percent), mostly durable (-10.4 percent). Imports in Ecuador averaged 855352.25 USD Thousand from 1985 until 2018, reaching an all time high of 2592365 USD Thousand in October of 2014 and a record low of 117453 USD Thousand in March of 1985.
Imports in Ecuador is expected to be 1820000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Ecuador to stand at 2000000.00 in 12 months time. In the long-term, the Ecuador Imports is projected to trend around 2400000.00 USD Thousand in 2020, according to our econometric models.