Ecuador

In 2014, the value of merchandise exports of Ecuador increased slightly by 3.1 percent to reach 25.7 bln US$, while its merchandise imports increased slightly by 1.7 percent to reach 27.5 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 1.8 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at -5.2 bln US$ (see graph 4). Merchandise exports in Ecuador were moderately concentrated amongst partners; imports were diversified. The top 11 partners accounted for 80 percent or more of exports and 13 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Ecuador increased substantially by 14.0 percent, reaching 1.8 bln US$, while its imports of services increased slightly by 2.1 percent and reached 3.2 bln US$ (see graph 2). There was a moderate trade in services deficit of 1.4 bln US$.

Related Subject(s): International Trade and Finance

Countries: Ecuador