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Ecuador Trade Summary

2021

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 2021

Overall Exports and Imports for Ecuador 2021

Exports and imports of Ecuador in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 26,699 million.
  • The total value of imports (CIF) was 25,687 million.
  • At the HS6 digit level, 2,486 products were exported to 155 countries and 4,032 products were imported from 204 countries.

Ecuador top 5 Export and Import partners 2021

Top five countries to which Ecuador exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Ecuador exports to United States worth US$ 6,403 million, with a partner share of 23.98 percent.
  2. Ecuador exports to China worth US$ 4,075 million, with a partner share of 15.26 percent.
  3. Ecuador exports to Panama worth US$ 3,970 million, with a partner share of 14.87 percent.
  4. Ecuador exports to Chile worth US$ 1,120 million, with a partner share of 4.20 percent.
  5. Ecuador exports to Russian Federation worth US$ 1,000 million, with a partner share of 3.74 percent.

Top five countries from which Ecuador imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Ecuador imports from China worth US$ 6,037 million, with a partner share of 23.50 percent.
  2. Ecuador imports from United States worth US$ 5,668 million, with a partner share of 22.07 percent.
  3. Ecuador imports from Colombia worth US$ 1,792 million, with a partner share of 6.98 percent.
  4. Ecuador imports from Brazil worth US$ 995 million, with a partner share of 3.87 percent.
  5. Ecuador imports from Korea, Rep. worth US$ 915 million, with a partner share of 3.56 percent.

Ecuador Top 5 Productsexports imports at HS 6 digit level 2021

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 US$ 7,278,163.13 million.
  2. Ecuador exported Frozen shrimps and prawns , worth US$ 5,323,318.36 million.
  3. Ecuador exported Bananas, including plantains, fresh or dried , worth US$ 3,500,320.98 million.
  4. Ecuador exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,319,767.40 million.
  5. Ecuador exported Prepared or preserved tuna, skipjack and bonito , worth US$ 1,135,871.16 million.

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 US$ 2,467,302.44 million.
  2. Ecuador imported Aromatic hydrocarbon mixtures which >=65% disti , worth US$ 1,581,548.36 million.
  3. Ecuador imported Oil-cake and other solid residues, of soya-bean , worth US$ 730,464.54 million.
  4. Ecuador imported Other medicaments of mixed or unmixed products, , worth US$ 622,170.03 million.
  5. Ecuador imported Transmission apparatus, for radioteleph incorpo , worth US$ 558,562.61 million.

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Ecuador in 2021 are below

  • The maximum rate of tariff in percentage on any product was 1,361.31 percent.
  • The simple average tariff across all products was 7.70 percent.
  • The trade weighted average tariff was 4.63 .
  • The total duty free imports in thousands of US dollars were 15,128,329.59 and duty free tariff line items share was 63.51 percent.

Development Indicators 2021

Key Development Indicators of Ecuador in 2021 are below

  • Ecuador GDP in current US dollar was 106,166 million.
  • GNI per capita, Atlas method (current US$) was 5,960.00 .
  • Ecuador Trade balance: as % of GDP was 0.99.
  • Trade balance in current US$ was 1,052.00 million.
  • Trade as percentage of GDP was 51.39 .
  • Trade in services as percentage of GDP was 5.86 .

Trade Indicators 2021

Trade Indicators for Ecuador in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.13.
  • Index of export market penetration was 3.50.
  • World Growth in percentage was 12.59 and Ecuador Country Growth was 14.68 .