Ecuador Balance of Trade

Last Release

Nov 30, 2024

Actual

325,565

Units In

USD Thousand

220,972

Frequency

Monthly

Next Release

Mar 12, 2025

Time to Release

23 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
619,602 May 2008	-729,014 Dec 2014	-7,092.21 USD Thousand	1985-2024	Banco Central del Ecuador

Ecuador's economy is highly dependent on oil exports (58 percent of total exports). Other exports include: fish and shrimps and bananas. Main imports are: raw materials for industry (25 percent of total imports), capital goods for industry (19 percent), fuels and lubricants (17 percent) and consumption durables (13 percent). Ecuador´s main trading partner is the United States (45 percent of total exports and 27 percent of imports). Others include: Chile, China, Peru, Colombia and Panama.

Latest Updates

Ecuador's trade balance surplus widened to USD 503.24 million in December 2024, up from a surplus of USD 217.08 million in the same month of 2023, marking the twelfth consecutive monthly surplus. Exports surged by 22.94% year-on-year to USD 3,191.62 million, driven by a 25.8% increase in shipments of primary goods, particularly crude oil (10.5%), cacao (234%), and coffee (18.7%), while manufactured products rose by 9.9%. Meanwhile, imports rose by 13.0% to USD 2,688.38 million, primarily due to increased purchases of consumer goods (5.9%), fuel and lubricants (28.2%), raw materials (14.7%), and capital goods (2.4%).