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

2018

Overall Exports and Imports

Exports
Exports (in US$ Mil) 21,606
No. Of products 2,247
No. Of partners 165
Imports
Imports (in US$ Mil) 23,020
No. Of products 3,988
No. Of partners 194

Trade Indicator

HH Market concentration index0.12
Index of export market penetration3.18
World Growth3.50
Country Growth4.61

Service Indicators 2018

Service imports (BoP, current US$)3,256,223,532.90
Service exports (BoP, current US$)2,545,507,837.70
Imports of goods and services (% of GDP)23.05
Exports of goods and services (% of GDP)22.82

Ecuador top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States6,672 30.88
Peru1,615 7.48
China1,494 6.92
Chile1,467 6.79
Panama1,244 5.76
Exporter Trade (US$ Mil) Partner share(%)
United States5,011 21.77
China4,353 18.91
Colombia1,809 7.86
Panama1,126 4.89
Brazil981 4.26

Ecuador Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials15,918 73.67 1,036 4.50 1.38
Intermediate goods1,297 6.00 7,201 31.28 2.36
Consumer goods4,144 19.18 9,075 39.42 13.53
Capital goods244 1.13 5,598 24.32 6.96

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...7,853,414.40
Frozen shrimps and p ...3,234,715.90
Bananas, including p ...3,218,214.94
Prepared or preserve ...1,109,984.37
Petroleum oils, etc, ...946,463.94
Imports
Petroleum oils, etc, ...2,358,354.66
Aromatic hydrocarbon ...1,558,456.93
Other medicaments of ...515,294.61
Automobiles with rec ...508,454.86
Oil-cake and other s ...464,745.52

Tariff and Trade Barriers for Ecuador

Tariffs 2018

No. Of Tariff Agreement 46
Simple Average (%) 9.48
Duty Free Imports (US$ Thousand) 10,690,995.40
Maximum Rate (%) 1,116.81
Weighted Average (%) 7.35
Duty Free Tariff Lines Share (%) 51.04

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)

2018 WDI »
Population17,084,357
GDP (current US$ Mil)108,398
GNI per capita, Atlas method (current US$)6,110.00
Trade Balance (current US$ Mil)-246.00
Trade Balance (% of GDP)-0.23

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