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Ecuador Export Data

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Ecuador Export Data

As per Ecuador export data Ecuador is the 8th Largest economy in the Latin American countries and 69th largest in the world by total GDP. According to Ecuador export trade data, Ecuador is one of the world top largest producers of palm oil, banana and cocoa. It’s economy is highly dependent on primary industries includes agriculture, aquaculture and Petroleum. Ecuador export custom data shows primary exports are Oil, Bananas, shrimp, gold and other agricultural products. In past years they also export some non-traditional products like cut flowers, canned fish have grown.

As per Ecuador export customs data petroleum sector accounts 39% export from Ecuador as per recorded figure from Ecuador trade data. Second top Exporting product from Ecuador is Sea Food Ecuadorian Shrimp is highly demanded by China to meets its domestic needs. Ecuador is one of the biggest producers of Bananas and baby bananas, with other fruits and nuts which accounts 15.6% of Exports from Ecuador.

As according to Ecuador export shipment data United States is top trading partner of Ecuador with the highest share of 30% of total Export.

Second top trading partner is China with a share of 12.9%, third top trading partner is Panama with share of 8.59%

As per Ecuador export trade data the value of merchandise exports from Ecuador totalled $ 22 billion in 2019. Merchandise exports from Ecuador increased by 3.34% compared to 2018. Goods exports grew up by $ 723 million in 2019. The value of merchandise exports from Ecuador amounted to $21 billion in 2018.

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Ecuador Export Customs Trade Data Shows Top 10 Importing Products In – Analysis By Chapter

39% for Chapter 27 – Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes value of 8.74 billion US$
18.9% for Chapter 03 – Fish and crustaceans, molluscs and other aquatic invertebrates value of 4.23 billion US$
15.6% for Chapter 08 – Edible fruit and nuts; peel of citrus fruit or melons value of 3.49 billion US$
5.44% for Chapter 16 – Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates value of 1.21 billion US$
3.97% for Chapter 06 – Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage value of 887 million US$
3.42% for Chapter 18 – Cocoa and cocoa preparations value of 763 million US$
2.07% for Chapter 44 – Wood and articles of wood; wood charcoal value of 463 million US$
0.966% for Chapter 20 – Preparations of vegetables, fruit, nuts or other parts of plants value of 215 million US$
0.932% for Chapter 07 – Edible vegetables and certain roots and tubers value of 208 million US$
0.914% for Chapter 71 – Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin value of 204 million US$

Ecuador Export Global Trade Data Shows Top 10
Trading Partners of Ecuador

USA with a share of 30% (6.73 billion US$)
China with a share of 12.9% (2.89 billion US$)
Panama with a share of 8.59% (1.91 billion US$)
Chile with a share of 6.65% (1.48 billion US$)
Peru with a share of 4.26% (951 million US$)
Russia with a share of 3.93% (879 million US$)
Colombia with a share of 3.82% (854 million US$)
Spain with a share of 2.86% (639 million US$)
Netherlands with a share of 2.55% (571 million US$)
Italy with a share of 2.11% (472 million US$)