Trade policy

摘要

The Economist Intelligence Unit reports that merchandise exports (free on board-fob) from Ecuador stood at US$22.8bn in 2019, compared with US$22.1bn in 2018. Merchandise imports (fob) amounted to US$21.7bn in 2019 to yield a trade surplus of US$1bn, compared with imports of US$22.4bn in 2018 and a modest trade deficit of US$227m. The services balance remained in deficit at US$763111, compared with a US$709m deficit in 2018. According to the Banco Central del Ecuador (the central bank), crude oil accounted for roughly a third of total exports in 2019. Other key export categories included shrimp, bananas and plantains, and canned fish. Ecuador's primary imports in 2019 included raw materials for industry, capital assets for industry, fuel and lubricants, and consumer goods. The US was Ecuador's leading destination for its exports, followed by Peru and China. The US was also the top source of imports, followed by China and Colombia.