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Ecuador Trade Summary

2022

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 2022

Overall Exports and Imports for Ecuador 2022

Exports and imports of Ecuador in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 35,380 million.
  • The total value of imports (CIF) was 33,049 million.
  • At the HS6 digit level, 2,493 products were exported to 150 countries and 4,035 products were imported from 197 countries.

Ecuador top 5 Export and Import partners 2022

Top five countries to which Ecuador exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Ecuador exports to United States worth US$ 9,804 million, with a partner share of 27.71 percent.
  2. Ecuador exports to China worth US$ 6,242 million, with a partner share of 17.64 percent.
  3. Ecuador exports to Panama worth US$ 4,990 million, with a partner share of 14.10 percent.
  4. Ecuador exports to Chile worth US$ 1,361 million, with a partner share of 3.85 percent.
  5. Ecuador exports to Colombia worth US$ 1,072 million, with a partner share of 3.03 percent.

Top five countries from which Ecuador imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Ecuador imports from United States worth US$ 8,569 million, with a partner share of 25.93 percent.
  2. Ecuador imports from China worth US$ 7,281 million, with a partner share of 22.03 percent.
  3. Ecuador imports from Colombia worth US$ 2,055 million, with a partner share of 6.22 percent.
  4. Ecuador imports from Brazil worth US$ 1,328 million, with a partner share of 4.02 percent.
  5. Ecuador imports from Korea, Rep. worth US$ 1,217 million, with a partner share of 3.68 percent.

Ecuador Top 5 Productsexports imports at HS 6 digit level 2022

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 10,834,637.18 (US$ Thousands).
  2. Ecuador exported Frozen shrimps and prawns , worth 7,998,315.76 (US$ Thousands).
  3. Ecuador exported Bananas, including plantains, fresh or dried , worth 3,523,427.27 (US$ Thousands).
  4. Ecuador exported Petroleum oils, etc, (excl. crude); preparation , worth 1,709,765.20 (US$ Thousands).
  5. Ecuador exported Prepared or preserved tuna, skipjack and bonito , worth 1,337,435.99 (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 4,597,462.37 (US$ Thousands).
  2. Ecuador imported Aromatic hydrocarbon mixtures which >=65% disti , worth 2,511,608.28 (US$ Thousands).
  3. Ecuador imported Oil-cake and other solid residues, of soya-bean , worth 967,370.04 (US$ Thousands).
  4. Ecuador imported Other medicaments of mixed or unmixed products, , worth 649,213.95 (US$ Thousands).
  5. Ecuador imported Propane, liquefied , worth 586,471.36 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Ecuador in 2022 are below

  • The maximum rate of tariff in percentage on any product was 1,190.88 percent.
  • The simple average tariff across all products was 10.91 percent.
  • The trade weighted average tariff was 7 .
  • The total duty free imports in thousands of US dollars were 13,871,392.07 and duty free tariff line items share was 51.72 percent.

Development Indicators 2022

Key Development Indicators of Ecuador in 2022 are below

  • Ecuador GDP in current US dollar was 115,049 million.
  • GNI per capita, Atlas method (current US$) was 6,310.00 .
  • Ecuador Trade balance: as % of GDP was 0.65.
  • Trade balance in current US$ was 752.00 million.
  • Trade as percentage of GDP was 57.69 .
  • Trade in services as percentage of GDP was 7.34 .

Trade Indicators 2022

Trade Indicators for Ecuador in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.15.
  • Index of export market penetration was 3.53.
  • World Growth in percentage was 5.18 and Ecuador Country Growth was 7.19 .