Imports to Ecuador advanced 6.1 percent year-on-year to USD 2010.0 million in April 2019, 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). Imports in Ecuador averaged 862668 USD Thousand from 1985 until 2019, 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 1860000.00 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.