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Ecuador Trade Summary

2008

Ecuador exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR ECUADOR 2008

Overall Exports and Imports for Ecuador 2008

Exports and imports of Ecuador in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 18,818 million.
  • The total value of imports (CIF) was 18,852 million.
  • At the HS6 digit level, 2,371 products were exported to 149 countries and 4,071 products were imported from 137 countries.

Ecuador top 5 Export and Import partners 2008

Top five countries to which Ecuador exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Ecuador exports to United States worth US$ 8,435 million, with a partner share of 44.83 percent.
  2. Ecuador exports to Peru worth US$ 1,731 million, with a partner share of 9.20 percent.
  3. Ecuador exports to Chile worth US$ 1,509 million, with a partner share of 8.02 percent.
  4. Ecuador exports to Panama worth US$ 879 million, with a partner share of 4.67 percent.
  5. Ecuador exports to Colombia worth US$ 804 million, with a partner share of 4.27 percent.

Top five countries from which Ecuador imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Ecuador imports from United States worth US$ 3,748 million, with a partner share of 19.88 percent.
  2. Ecuador imports from Venezuela worth US$ 2,526 million, with a partner share of 13.40 percent.
  3. Ecuador imports from Colombia worth US$ 1,791 million, with a partner share of 9.50 percent.
  4. Ecuador imports from China worth US$ 1,636 million, with a partner share of 8.68 percent.
  5. Ecuador imports from Brazil worth US$ 894 million, with a partner share of 4.74 percent.

Ecuador Top 5 Productsexports imports at HS 6 digit level 2008

The top five exported HS 6 digit level products to world by Ecuador along with trade value are:

  1. Ecuador exported Petroleum oils and oils obtained from bituminou , worth 10,567,947.40 (US$ Thousands).
  2. Ecuador exported Bananas, including plantains, fresh or dried , worth 1,640,865.28 (US$ Thousands).
  3. Ecuador exported Petroleum oils, etc, (excl. crude); preparation , worth 989,796.30 (US$ Thousands).
  4. Ecuador exported Frozen shrimps and prawns , worth 711,433.21 (US$ Thousands).
  5. Ecuador exported Fresh cut flowers and buds , worth 550,779.58 (US$ Thousands).

The top five imported HS 6 digit level products from world by Ecuador along with trade value are

  1. Ecuador imported Petroleum oils, etc, (excl. crude); preparation , worth 2,016,831.39 (US$ Thousands).
  2. Ecuador imported Aromatic hydrocarbon mixtures which >=65% disti , worth 831,486.85 (US$ Thousands).
  3. Ecuador imported Petroleum gases and other gaseous hydrocarbons, , worth 666,556.05 (US$ Thousands).
  4. Ecuador imported Automobiles with reciprocating piston engine di , worth 505,506.20 (US$ Thousands).
  5. Ecuador imported Other medicaments of mixed or unmixed products, , worth 373,314.67 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Ecuador in 2008 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 9.02 percent.
  • The trade weighted average tariff was 5.14 .
  • The total duty free imports in thousands of US dollars were 10,120,271.52 and duty free tariff line items share was 39.83 percent.

Development Indicators 2008

Key Development Indicators of Ecuador in 2008 are below

  • Ecuador GDP in current US dollar was 61,763 million.
  • GNI per capita, Atlas method (current US$) was 3,860.00 .
  • Ecuador Trade balance: as % of GDP was 0.27.
  • Trade balance in current US$ was 167.00 million.
  • Trade as percentage of GDP was 68.06 .
  • Trade in services as percentage of GDP was 7.23 .

Trade Indicators 2008

Trade Indicators for Ecuador in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.20.
  • Index of export market penetration was 3.31.
  • World Growth in percentage was -59.29 and Ecuador Country Growth was 17.39 .