Ecuador’s trade surplus widened to USD 333.4 million in May of 2021 from USD 197.6 million in the corresponding month of the previous year. Exports went up 54.1 percent year-on-year to USD 2,232.3 million, mostly primary goods (48.8 percent to USD 1,757.4 million), of which crude oil weighed the most (206.4 percent to USD 681.0 million); and manufactured goods (77.6 percent to USD 474.9 million). Imports rose a slower 51.8 percent over a year earlier to USD 1,898.9 million, namely raw materials (33.9 percent to USD 757.6 million); capital goods (46.5 percent to USD 423.9 million); consumption goods (32.6 percent to USD 393.5 million); and fuels & lubricants (258.5 percent to USD 317.8). source: Banco Central del Ecuador

Balance of Trade in Ecuador averaged -17048.39 USD Thousand from 1985 until 2021, 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 July of 2021.

Balance of Trade in Ecuador is expected to be 50000.00 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 -70000.00 in 12 months time. In the long-term, the Ecuador Balance of Trade is projected to trend around -70000.00 USD Thousand in 2022 and -620000.00 USD Thousand in 2023, according to our econometric models.

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Ecuador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
333387.00 164298.00 619602.00 -729014.00 1985 - 2021 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 01:30 PM Feb $241.7M $116.9M
2021-05-14 01:10 PM Mar $43.5M $241.7M
2021-06-15 03:00 PM Apr $164.3M $43.5M
2021-07-15 02:00 PM May $333.4M $164.3M $182M
2021-08-13 03:00 PM Jun $333.4M $186M
2021-09-28 03:00 PM Jul $153M
2021-10-14 04:00 PM Aug
2021-11-12 03:00 PM Sep $ 50M
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Ecuador Trade Surplus Widens in May
Ecuador’s trade surplus widened to USD 333.4 million in May of 2021 from USD 197.6 million in the corresponding month of the previous year. Exports went up 54.1 percent year-on-year to USD 2,232.3 million, mostly primary goods (48.8 percent to USD 1,757.4 million), of which crude oil weighed the most (206.4 percent to USD 681.0 million); and manufactured goods (77.6 percent to USD 474.9 million). Imports rose a slower 51.8 percent over a year earlier to USD 1,898.9 million, namely raw materials (33.9 percent to USD 757.6 million); capital goods (46.5 percent to USD 423.9 million); consumption goods (32.6 percent to USD 393.5 million); and fuels & lubricants (258.5 percent to USD 317.8).
2021-07-15
Ecuador Trade Balance Swings to Surplus in April
Ecuador’s trade balance shifted to USD 162.3 billion surplus in April of 2021 from USD 66.6 billion deficit in the corresponding month of the previous year. Exports surged by 89.9 percent to USD 2,099 million, boosted by a rise in the sales of primary goods (84.4 percent), namely crude oil (684.4 percent), and of manufactured goods (112.9 percent).Imports soared 65.1 percent over a year earlier to USD 1,935 million, due to low baseline effects from the pandemic outbreak, driven by steep increases in the purchases of consumption goods (78.35 percent), particularly durables (295 percent), and raw materials (45.34) and capital goods (80.89).
2021-06-15
Ecuador Trade Surplus Shrinks in March
Ecuador's trade surplus shrank to USD 43.5 million in March of 2021 from USD 62.5 million in the corresponding month of the previous year. Imports soared 34.5 percent over a year earlier to USD 2,049 million, due to low baseline effects from the pandemic outbreak, driven by steep increases in the purchases of consumption goods (34.8 percent), particularly durables (50.2 percent), and of raw materials (36.3 percent) and capital goods (20.2 percent). Exports surged by 32.0 percent to USD 2,093 million, boosted by a rise in the sales of primary goods (31.5 percent), namely crude oil (115.4 percent), and of manufactured goods (33.9 percent).
2021-05-14
Ecuador Trade Surplus Widens in January
Ecuador's trade surplus widened to USD 116.9 million in January 2021 from USD 27.9 million in the corresponding month of the previous year. Imports decreased 10.35 percent over a year earlier to USD 1,698 million, driven by a decline purchases of consumption goods (13 percent), particularly durables (-26 percent), raw materials (-0.64 percent) and capital goods (-21 percent). Exports dropped 5.57 percent to USD 1,815 million, dragged by a fall in primary goods (-7.63 percent), namely crude oil (-10.63 percent) and bananas (-15.71 percent), that represent 80 percent of sales to the rest of the world.
2021-03-12

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.