Overview In July 2021 Ecuador exported $1.76B and imported $1.71B, resulting in a positive trade balance of $46.1M. Between July 2020 and July 2021 the exports of Ecuador have increased by $158M (9.88%) from $1.6B to $1.76B, while imports increased by $636M (59.1%) from $1.08B to $1.71B.
Trade In July 2021, the top exports of Ecuador were Crustaceans ($455M), Cut Flowers ($446M), Bananas ($263M), Processed Fish ($109M), and Cocoa Beans ($48.2M). In July 2021 the top imports of Ecuador were Packaged Medicaments ($87.3M), Cars ($81M), Soybean Meal ($66.4M), Wheat ($51.3M), and Delivery Trucks ($50.2M).
Origins In July 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.09B), Quito ($451M), Puerto Bolívar ($62.5M), Tulcán ($57.5M), and Guayaquil-Aéreo ($41.8M), while imports destinations were mainly Guayaquil-Marítimo ($1.13B), Quito ($233M), Manta ($119M), Tulcán ($113M), and Guayaquil-Aéreo ($59.6M).
Destinations In July 2021, Ecuador exported mostly to United States ($349M), China ($232M), Spain ($110M), Russia ($96.3M), and Colombia ($81.5M), and imported mostly from China ($483M), United States ($187M), Colombia ($185M), Brazil ($74.3M), and Peru ($57.8M).
Growth In July 2021, the increase in Ecuador's year-by-year exports was explained primarily by an increase in exports to Spain ($43.9M or 66.7%), United States ($37.5M or 12.1%), and Belarus ($31.9M or 301%), and product exports increase in Cut Flowers ($240M or 116%), Crustaceans ($187M or 69.9%), and Precious Metal Ore ($25.1M or 136%). In July 2021, the increase in Ecuador's year-by-year imports was explained primarily by an increase in imports from China ($175M or 56.5%), Colombia ($80.2M or 76.6%), and United States ($50.5M or 37.1%), and product imports increase in Cars ($48.6M or 150%), Soybean Meal ($40.4M or 156%), and Delivery Trucks ($32M or 176%).