Overall Exports and Imports for Ecuador 2023
- The total value of exports (FOB) is US$ 31,126 million.
- The total value of imports (CIF) is US$ 30,896 million.
- At the HS6 digit level, 2,454 products are exported to 161 countries and 4,027 products are imported from 196 countries.
Top 5 Products exports imports at HS 6 digit level 2023
The top five exported HS 6 digit level products to world by Ecuador along with trade value are:
- Ecuador exported Petroleum oils and oils obtained from bituminou , worth 7,823,367.07 (US$ Thousands).
- Ecuador exported Frozen shrimps and prawns , worth 7,205,228.24 (US$ Thousands).
- Ecuador exported Bananas, including plantains, fresh or dried , worth 3,789,456.98 (US$ Thousands).
- Ecuador exported Gold in unwrought forms non-monetary , worth 1,390,803.41 (US$ Thousands).
- Ecuador exported Copper ores and concentrates , worth 1,238,277.53 (US$ Thousands).
The top five imported HS 6 digit level products from world by Ecuador along with trade value are
- Ecuador imported Petroleum oils, etc, (excl. crude); preparation , worth 4,194,713.18 (US$ Thousands).
- Ecuador imported Aromatic hydrocarbon mixtures which >=65% disti , worth 2,304,979.40 (US$ Thousands).
- Ecuador imported Oil-cake and other solid residues, of soya-bean , worth 993,154.58 (US$ Thousands).
- Ecuador imported Other medicaments of mixed or unmixed products, , worth 732,302.11 (US$ Thousands).
- Ecuador imported Automobiles with reciprocating piston engine di , worth 522,696.83 (US$ Thousands).
Ecuador top 5 Export and Import partners 2023
The top five countries to which Ecuador exported 2023 along with the partner share in percentage are:
- Ecuador exports to United States worth US$ 7,403 million, with a partner share of 23.78 percent.
- Ecuador exports to China worth US$ 5,673 million, with a partner share of 18.23 percent.
- Ecuador exports to Panama worth US$ 4,473 million, with a partner share of 14.37 percent.
- Ecuador exports to Chile worth US$ 978 million, with a partner share of 3.14 percent.
- Ecuador exports to Peru worth US$ 975 million, with a partner share of 3.13 percent.
The top five countries to which Ecuador imported goods 2023 along with the share in percentage are
- Ecuador imports from United States worth US$ 8,287 million, with a partner share of 26.82 percent.
- Ecuador imports from China worth US$ 6,401 million, with a partner share of 20.72 percent.
- Ecuador imports from Colombia worth US$ 2,289 million, with a partner share of 7.41 percent.
- Ecuador imports from Brazil worth US$ 1,232 million, with a partner share of 3.99 percent.
- Ecuador imports from Peru worth US$ 1,075 million, with a partner share of 3.48 percent.
Ecuador Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Ecuador Raw materials exports are worth US$ 23,139 million, product share of 74.34%.
- Ecuador Raw materials imports are worth US$ 1,438 million, product share of 4.65%.
- Ecuador Intermediate goods exports are worth US$ 2,695 million, product share of 8.66%.
- Ecuador Intermediate goods imports are worth US$ 9,677 million, product share of 31.32%.
- Ecuador Consumer goods exports are worth US$ 5,007 million, product share of 16.09%.
- Ecuador Consumer goods imports are worth US$ 12,590 million, product share of 40.75%.
- Ecuador Capital goods exports are worth US$ 200 million, product share of 0.64%.
- Ecuador Capital goods imports are worth US$ 6,214 million, product share of 20.11%.
Ecuador Trade Indicators 2023
- Hirschman Herfindahl Market concentration index is 0.14.
- Index of export market penetration is 0.14.
- World Growth in percentage is 0.14 and Ecuador Country Growth is -0.98.
Ecuador Service Trade data from WDI 2023
- Ecuador, Service imports (BoP, current US$) is 6,143,570,996.08.
- Ecuador, Service exports (BoP, current US$) is 4,337,115,642.08.
- Ecuador, Imports of goods and services as percentage of GDP is 28.43 %.
- Ecuador, Exports of goods and services as percentage of GDP is 28.57 %.