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Ecuador Trade Summary

2020

Ecuador exports, imports, tariff by year.
Ecuador monthly trade data

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 2020

Overall Exports and Imports for Ecuador 2020

Exports and imports of Ecuador in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 20,355 million.
  • The total value of imports (CIF) was 17,918 million.
  • At the HS6 digit level, 2,131 products were exported to 157 countries and 3,967 products were imported from 182 countries.

Ecuador top 5 Export and Import partners 2020

Top five countries to which Ecuador exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Ecuador exports to United States worth US$ 4,786 million, with a partner share of 23.51 percent.
  2. Ecuador exports to China worth US$ 3,322 million, with a partner share of 16.32 percent.
  3. Ecuador exports to Panama worth US$ 2,431 million, with a partner share of 11.94 percent.
  4. Ecuador exports to Russian Federation worth US$ 920 million, with a partner share of 4.52 percent.
  5. Ecuador exports to Chile worth US$ 809 million, with a partner share of 3.97 percent.

Top five countries from which Ecuador imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Ecuador imports from China worth US$ 3,946 million, with a partner share of 22.02 percent.
  2. Ecuador imports from United States worth US$ 3,928 million, with a partner share of 21.92 percent.
  3. Ecuador imports from Colombia worth US$ 1,490 million, with a partner share of 8.31 percent.
  4. Ecuador imports from Brazil worth US$ 663 million, with a partner share of 3.70 percent.
  5. Ecuador imports from Peru worth US$ 600 million, with a partner share of 3.35 percent.

Ecuador Top 5 Productsexports imports at HS 6 digit level 2020

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 4,684,794.16 (US$ Thousands).
  2. Ecuador exported Frozen shrimps and prawns , worth 3,823,534.04 (US$ Thousands).
  3. Ecuador exported Bananas, including plantains, fresh or dried , worth 3,682,435.56 (US$ Thousands).
  4. Ecuador exported Prepared or preserved tuna, skipjack and bonito , worth 1,033,422.01 (US$ Thousands).
  5. Ecuador exported Cocoa beans, whole or broken, raw or roasted , worth 816,392.25 (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 1,461,110.86 (US$ Thousands).
  2. Ecuador imported Aromatic hydrocarbon mixtures which >=65% disti , worth 909,742.30 (US$ Thousands).
  3. Ecuador imported Other medicaments of mixed or unmixed products, , worth 541,113.82 (US$ Thousands).
  4. Ecuador imported Transmission apparatus, for radioteleph incorpo , worth 511,412.12 (US$ Thousands).
  5. Ecuador imported Oil-cake and other solid residues, of soya-bean , worth 476,508.59 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Ecuador in 2020 are below

  • The maximum rate of tariff in percentage on any product was 1,319.28 percent.
  • The simple average tariff across all products was 8.88 percent.
  • The trade weighted average tariff was 6.21 .
  • The total duty free imports in thousands of US dollars were 9,945,153.53 and duty free tariff line items share was 53.18 percent.

Development Indicators 2020

Key Development Indicators of Ecuador in 2020 are below

  • Ecuador GDP in current US dollar was 99,291 million.
  • GNI per capita, Atlas method (current US$) was 5,570.00 .
  • Ecuador Trade balance: as % of GDP was 2.34.
  • Trade balance in current US$ was 2,324.00 million.
  • Trade as percentage of GDP was 41.38 .
  • Trade in services as percentage of GDP was 4.62 .

Trade Indicators 2020

Trade Indicators for Ecuador in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.13.
  • Index of export market penetration was 3.34.
  • World Growth in percentage was -3.77 and Ecuador Country Growth was -4.89 .