Ecuador Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Ecuador monthly trade data

Country / Region
Year
For viewing trade, tariff data for country or region by year click here.
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

TRADE SUMMARY FOR Ecuador

2019

Overall Exports and Imports

Exports
Exports (in US$ Mil) 22,329
No. Of products 2,252
No. Of partners 156
Imports
Imports (in US$ Mil) 20,277
No. Of products 3,995
No. Of partners 187

Trade Indicator

HH Market concentration index0.12
Index of export market penetration3.27
World Growth-1.13
Country Growth4.52

Service Indicators 2019

Service imports (BoP, current US$)4,143,364,958.76
Service exports (BoP, current US$)3,348,738,284.69
Imports of goods and services (% of GDP)23.03
Exports of goods and services (% of GDP)23.05

Ecuador top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States6,733 30.15
China2,897 12.97
Panama1,919 8.59
Chile1,485 6.65
Peru952 4.26
Exporter Trade (US$ Mil) Partner share(%)
United States4,391 21.65
China3,838 18.93
Colombia1,597 7.88
Panama1,040 5.13
Brazil885 4.36

Ecuador Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials16,623 74.44 970 4.78 1.38
Intermediate goods1,352 6.05 6,772 33.40 2.44
Consumer goods4,181 18.73 8,068 39.79 15.75
Capital goods171 0.77 4,378 21.59 6.96

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...7,731,162.69
Frozen shrimps and p ...3,890,531.36
Bananas, including p ...3,310,588.28
Prepared or preserve ...1,066,210.96
Petroleum oils, etc, ...946,086.07
Imports
Petroleum oils, etc, ...2,317,430.51
Aromatic hydrocarbon ...1,633,061.27
Other medicaments of ...515,558.24
Oil-cake and other s ...442,331.62
Transmission apparat ...322,299.33

Tariff and Trade Barriers for Ecuador

Tariffs 2019

No. Of Tariff Agreement 46
Simple Average (%) 9.80
Duty Free Imports (US$ Thousand) 10,679,430.74
Maximum Rate (%) 3,000
Weighted Average (%) 8.11
Duty Free Tariff Lines Share (%) 51

Overall Trade Restrictiveness Index (OTRI) 2009

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff (2009)0.05
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.03

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All6.20

Non-Tariff Measures (NTM) 2014

No Of NTM Measures (2014)62
No Of NTM Affected Products (HS 6 Digit) (2014)2,985

Temporary Trade Barriers Database (TTDB) 2013

TTDB »
Temporary Trade Barriers in Effect - Simple Average (2013)0.02
Temporary Trade Barriers in Effect - Weighted Average (2013)0.04

World Development Indicators (WDI)

2019 WDI »
Population17,084,357
GDP (current US$ Mil)108,108
GNI per capita, Atlas method (current US$)6,100.00
Trade Balance (current US$ Mil)22.00
Trade Balance (% of GDP)0.02

Doing Business

2019 Doing Business »
Ease of Doing Business Rank129
Trading Across Borders Rank103

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.78
LPI Rank74