ecuador exports by country

Ecuador's national language is Spanish, but several Amerindian languages are also used. The fastest increased consumption of exports from Ecuador from 2018 to 2019 was by: China (up 93.9%), Panama (up 54.3%), Turkey (up 42.7%) and the Netherlands (up 31.2%). The average value is up by 10% at $2,67/lbs. The South American country has seen extraordinary growth of its exports of the crustacean, moving more than USD 3.6 billion (EUR 3 billion) and with market players diversifying in different geographies and market sectors.But just over a decade ago, shrimp was not the only . Ecuador exports for 2020 was $22.26B, a 10.65% decline from 2019. The Country is a middle-income developing economy that is dependent on agriculture and petroleum. Ecuador's mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the Ministry of Energy said on Wednesday. Country / Region Ecuador Year 2019 Trade Flow Export By Product All Products Products Imports by Ecuador 2019 In that year, Ecuador's second most important export trading. All Countries Afghanistan Akrotiri . Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general . The large dependence on a few export products makes the economy vulnerable and vulnerable to external influences. In 2020, China was the sixth-largest importer of Ecuador bananas, with imports totalling $157.1 million. That along with sharply weaker oil and . Ecuador in depth country profile. Ecuador's exports 2020 by country Top export destinations of commodities from Ecuador in 2020: USA with a share of 23% (4.78 billion US$) China with a share of 15.7% (3.19 billion US$) Panama with a share of 12% (2.43 billion US$) Russia with a share of 4.54% (919 million US$) Chile with a share of 3.99% (808 million US$) However, Mr Lasso's ability to impose his orthodox economic policy agenda will be threatened by his government's weak . In 1999/2000, Ecuador suffered a severe economic crisis, with GDP contracting by 5.3%. The Netherland has dominated the flower industry for many years, even though its share in the export industry of cut flowers has fallen, from 58% to 52%. Deficit: $89.2 Billion Exports: $228.6 Billion Imports: $317.8 Billion. Economy Stats. HSN Code 0810904000 : 0810904000. In 2016, Ecuador produced about 6.6 million tonnes of bananas and exported $2.7 billion worth of bananas. $23.907 billion (2017 est.) This page displays a table with Ecuador Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Ecuador made its first export of 22,000 tonnes of copper concentrate from the Chinese-owned Mirador mine, the energy ministry said on Wednesday, marking a new milestone in the country's effort to . Next release: May 4, 2022 Complete Release Schedule These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Brazil was Ecuador's most important export trading partner of chocolate in 2017, with an export's value of 6.27 million U.S. dollars. The top 1 exporters of HSN Code 0810 are Ecuador. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Exports The top exports of Ecuador are Crude Petroleum ($7.85B), Crustaceans ($3.89B), Bananas ($3.43B), Processed Fish ($1.2B), and Refined Petroleum ($947M), exporting mostly to United States ($6.76B), China ($2.85B), Panama ($1.92B), Chile ($1.5B), and Peru ($993M). Download Historical Data Save as Image Data Source: World Bank Major U.S. exports to Ecuador include petroleum products, machinery, computers and electronic equipment, chemicals and fertilizers, transportation equipment, and cereals and grains. Remittances from overseas Ecuadorian are also important. Ecuador Economic Growth GDP growth should ease this year, largely due to a fading base effect. Ecuador. Ecuador's government on Monday declared force majeure over its oil exports and production contracts after ongoing erosion in its Amazon region forced a halt to pumping on two pipelines. The country exports the bulk of its output, with 360,000bl/d being shipped in 2020, including volumes through a third route, the 20,000bl/d OTA pipeline, which terminates in the Colombian port of Tumaco. Ecuador. The import and export sector in Ecuador is coming back to life. Traditionally a farming country, Ecuador's economy was transformed after the 1960s by the growth of industry and the discovery of oil. In the last one and a half decade, Ecuador's economy boomed from $18.3 billion in 2000 to $101 billion in 2014 before dropping to $98.6 billion in 2016. This is due to the fact that the Netherlands grows a lot of flowers while also being one of the largest importers of flowers as well. Bilateral goods trade between the countries totaled more than $10 billion in 2020. Exports in Ecuador increased to 2455625 USD Thousand (2.456 B USD) in January 2022. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. IMF Executive Board Concludes Second and Third Reviews of the Extended Fund Facility for Ecuador and 2021 Article IV Consultation. Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. Ecuador continues to break export records. Ecuador's economy is expected to bounce back in 2021, but the country's next president will still need to rally support for reforms to the way pensions and state-owned enterprises are managed . Prior to December 2015, crude oil exports were restricted to: (1) crude oil derived from fields under the State waters of Cook Inlet of Alaska; (2) Alaskan North Slope crude oil; (3) certain domestically produced crude oil destined for Canada; (4) shipments to U.S . Petroleum is Ecuador's largest export to the United States, the country's top trade partner. There was rapid growth and progress in health, education and . Ecuador gdp for 2019 was $108.11B, a 0.51% increase from 2018. In 2017, remittances constituted 2.7% of country's GDP. The country is classified as an upper-middle-income country. Ecuador's economy is the eighth largest in Latin America and experienced an average growth of 4.6% between 2000 and 2006. 68 overall in the U.S. News Best Countries ranking. The World's 20 Largest Exporting Countries. covering the area from which the product will be exported, the area in which your office is located, or the area in which the product is manufactured. More Tips. Ecuador has a developing economy that is highly dependent on commodities, namely petroleum and agricultural products. Ecuador is also incredibly biodiverse and it has a medium-sized economy. In 2020, Ecuador's export mix was mainly represented by agricultural products (41.1%), of which banana and plantains exports represented 18.1%. According to figures from Ecuador's National Chamber of Aquaculture (CNA), at 22 percent of Ecuador's total exports, the U.S. was the country's third-largest market for shrimp in 2021, totaling 184,158 MT and bringing in USD 1.2 billion (EUR 1.1 billion). The country's October export numbers show that the year's total volume is up by 31% at 672,136 MT, while the value is up by 19% at $3.9bn compared to 2020. As a member country of the WTO, Ecuador must comply with the WTO Agreement on the Application of Sanitary and Phytosanitary Measures. Ecuador - Summary of Requirements for Live Animals. Export - Shrimp Volume by Country . Ecuador is substantially dependent on its petroleum resources, which accounted for about a third of the country's export earnings in 2017. IMF and the Ecuadorian Authorities Reach Staff-Level Agreement on the Second and Third Reviews of Ecuador's Economic Program Under the Extended Fund Facility. Russia was the main destination country of Ecuador's banana exports in 2020, with an exported value of 673 million U.S. dollars. In 1999/2000, Ecuador suffered a severe economic crisis, with GDP contracting by more than 6%. Ecuador Continues Breaking Records, while Depending Slightly Less on the Chinese Market. China exports more goods than any other country. Ecuador exports for 2018 was $24.31B, a 11.9% increase from 2017. (free on board) basis. Crude oil exports accounted for 49%4 of the country's export earnings5 and 21%6 of public sector revenues in 2019. Ecuador Overview People Government - Politics Geography Economy - Economy - Imports - Exports - Money and Currency - Natural Resources - Technology - Transportation - Economy Comparisons. Unique hard to find content on Ecuador. Ecuador exports for 2019 was $24.92B, a 2.48% increase from 2018. 2. In brief. For example, Ecuador's Exports rank is higher than 62.57% of the countries in the dataset. Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country's export earnings and approximately one-third of public sector revenues in recent years. The United States is Ecuador's principal trading partner. "Oil production has recovered, so the operation of the Trans-Ecuadorian . Exports of fish and crustaceans, Exports of Ecuador increased from 5,683 million US dollars in 2001 to 22,228 million US dollars in 2020 growing at an average annual rate of 8.81%. The country relies heavily on oil export revenue; in 2020, Ecuador exported over 70% of the crude oil it produced. Exports: $25.446 billion (2019 est.) This page displays a table with Ecuador Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the Amazon to halt operations. As a member country of the WTO, Ecuador must comply with the WTO Agreement on the Application of Sanitary and Phytosanitary Measures. Ecuador was the United States' 42nd largest goods export market in 2019. The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. Ecuador's Agriculture Quality Assurance Agency (AGROCALIDAD) is an agency within the Ministry of Agriculture (MAGAP). September 8, 2021. Ecuador is a country located on the west coast of South America between Columbia and Peru. In 2020, China accounted for 54% of total Ecuador's shrimp exports. It is responsible for administering Ecuador's sanitary and phytosanitary (SPS) controls. Ecuador ranks No. 10.1 India 10.2 Vietnam 10.3 Ecuador 10.4 Indonesia 10.5 China 10.6 Thailand 11. Obtain and complete FSIS Form 9060-7: Animal Casing Export Certificate for Countries requiring Ante-mortem, Post-mortem and Fit for Human Consumption Statements and the FSIS Letterhead certificate: FSIS Letterhead Certificate for the Export of Salted Natural Swine Casings From the United States to Ecuador. In 2017, remittances constituted 2.7% of country's GDP. Ecuador in depth country profile. How to interpret the graph: The purpose of this graph is to take a snapshot of a country's economy in comparison to other economies. It is known for its position along the Earth's equator and for officially controlling the Galapagos Islands, which are about 620 miles (1,000 km) from Ecuador's mainland. HSN Code 0810909090 : 0810909090. U.S. goods exports to Ecuador in 2019 were $5.5 billion, down 6.2% ($368 million) from 2018 but up 40.6% from 2009. Ecuador is one of the world's largest exporters of bananas, but since the 1970s, the oil industry has replaced agriculture as the most economically important sector. The president, Guillermo Lasso of the centre-right Creando Oportunidades party, has won support through an acceleration of the coronavirus vaccine rollout and a period of relative stability after the election. Ecuador is ranked 25th among 32 countries in the Americas region, and its overall score is below . The COVID-19 health crisis triggered a deep recession that led to a rebound in poverty. Ecuador gdp for 2020 was $98.81B, a 8.6% decline from 2019. The value of exports of Ecuador bananas represents more than 4% of the country's GDP, with El Comercio reporting that the industry employs around 250,000 people and supports more than 8,000 small-scale producers. ShareThis. It is responsible for administering Ecuador's sanitary and phytosanitary (SPS) controls. That said, strengthening foreign demand will buoy the country's external sector, while solid capital spending and an expected rise in public consumption will sustain growth. The United States was the second leading country of destination,. September 30, 2021. Historical Data (USD Thousand) by years Data Period Date Historical Chart by presidents (USD Thousand) Lenin Moreno Exports in Ecuador by presidents SHIP CONTAINER TO ECUADOR Petroleum The country exported 371.21 barrels per day by December of 2018 which is a decrease from 2017's 385 barrels per day in December. Ecuador's Agriculture Quality Assurance Agency (AGROCALIDAD) is an agency within the Ministry of Agriculture (MAGAP). The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. The maximum level was 2603522 USD Thousand and minimum was 66062 USD Thousand Data published Monthly by Central Bank. 1. The top export categories (2-digit HS) in 2019 were: mineral fuels ($2.7 billion), machinery ($576 million), electrical machinery ($363 million), plastics . The . Exports to embargoed or sanctioned countries continue to require authorization. The total trade amounted to 98% of the Ecuador's GDP in 2017. Ecuador produced 483,000bl/d in 2020, down from 534,000bl/d in 2019. With the reduction Did you know… The official currency in Ecuador is the U.S dollar since 2001. 11.1 United States 11 . The country recorded a YoY increase of 4% in the export value during 2021 which was driven by a bumper crop, increase in area under cocoa production, and growing assistance regarding the cultivation of cocoa in the country. Since it is more than half of the whole volumes of Ecuador, this makes the country's exporters dependent on the purchasing behavior of the Chinese market. This was brightly seen in 2020 when the pandemic created additional trade complications for shrimp exporters. Press Releases. Despite labor shortages during a period of tight constraints and disruption to supply chains, the country increased banana exports by 7% y-o-y in 2020, driven by increased U.S. shipments and increased production from expanding acreage. The average value for Ecuador during that period was 4435.72 million U.S. Dollar with a minimum of 1187.82 million U.S. Dollar in Q1 1999 and a maximum of 7566.65 million U.S. Dollar in Q2 2014. Ecuador exports most of it's HSN Code 0810 to Qatar. In 2020, exports for Ecuador was 22,228 million US dollars. . Ecuador's coffee exports in MY 2019/20 are forecast at 456,000 bags GBE, down 30,000 bags or six percent lower compared to the MY 2017/18 (revised) estimate of 486,000 bags. The economy of Ecuador it's exports and custom graphs are provided. February 2022 Trade in Goods and Services. Consumption - Shrimp Volume by Country . Exports and Imports According to Global Trade Tracker, Ecuador exported 360,000 b/d of crude oil in 2020. For example, banana exports account for a quarter of Ecuador's total non-petroleum exports, and Ecuador accounts for around 30% of world banana market supply. View Country Rank By Export/Import Trade Goods Sources: UN Comtrade (2019) . Ecuador is among the largest producers and exporters of cocoa and specializes in premium quality Arriba cocoa. These facts are updated till 3 March 2022, and are based on . Unique hard to find content on Ecuador. Early last month the Andean country's central bank forecast that Ecuador's economy will shrink by a worrying 7.3 percent to 9.6 percent during 2020. This import permit must be presented to the Accredited Veterinarian and/or to the AVIC office in the corresponding State before starting the testing . FAS Quito is revising downward its MY 2018/19 coffee export estimate due to the decrease in Ecuador's production of soluble coffee. Explore photos, statistics and additional rankings of Ecuador. Despite severe container shortages across the world, Ecuador . That total is an increase from the U.S. accounting for just 17 percent of Ecuador's . Together with Costa Rica, Columbia and Guatemala, Ecuador produces over 100 million of the bananas consumed worldwide. $24.183 billion (2018 est.) Ecuador's economic freedom score is 54.3, making its economy the 126th freest in the 2022 Index. Say the words "Ecuador" and "seafood" and one concept will invariably come to mind: shrimp, and for good reason. Ecuador Top 10 Export Countries When it's about export then Ecuador nearly 30% of their goods are delivered to the United States, followed by China (12.9%), Panama (8.5%), Chile (6.65%) and the rest figure are as follows: Ecuador Top 10 Product Exports Ecuador remains the world's largest banana supplier, accounting for 18.4% of the global export market. The country was hit by 12 days of demonstrations, led by indigenous groups, against fuel price hikes until President Lenin Moreno reached a deal with protest leaders on October 13. The banana industry in Ecuador is one of the world's largest in terms banana exports. HSN Code 0810902000 : 0810902000. Bananas constitute a significant portion of the export revenues for many Latin American and Caribbean countries. It is the smallest member of the Organization of the Petroleum Exporting Countries (OPEC). Making a slicing a gesture across one's neck indicates having no money when someone asks to borrow some in Ecuador. Ecuador Exports. Plantain is an important crop for Ecuador due to its contribution in socio-economy and food security of this country, supplying rich-energy food to most of the population; in addition, it is necessary to carry out fertilization management that allows a better use of this resource and increase the yield. In 2016, China was by far the world's leading exporter, exporting goods valued at a total of USD 1,990,000,000,000 in the year. The year 2020 was a difficult one for Ecuador. 9.6 Ecuador 10. Exports of goods and services (% of GDP) - Ecuador from The World Bank: Data What percentage of the worlds bananas come from Ecuador? Colombia. . Editorial credit: Zhao jian kang / Shutterstock.com. Exports, million currency units in Ecuador, Q1 1999 - Q3 2021: For that indicator, we provide data for Ecuador from Q1 1999 to Q3 2021. Today, banana exports represent over 2% of Ecuador's total GDP and about 35% of the country's agricultural output. Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country's export earnings and one-fourth of public sector revenues in recent years.. In 2017, Ecuador was considered to have the third-largest proven reserves of crude oil in South America, with 8.3 billion barrels. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . To be able to export animals, semen, or embryos to Ecuador, an import permit must be obtained from the Ministry of Agriculture of Ecuador. Ecuador. The latest available country-specific data shows that 77.6% of products exported from Ecuador were bought by importers in: United States (23.7% of the global total), China (15.8%), Panama (12%), Russia (4.5%), Chile (4%), Colombia (3.9%), Netherlands (2.8%), Spain (2.6%), Italy (2.5%), Peru (2.1%), Germany (2%) and Japan (1.7%). The value of Ecuador's mining exports could hit $1.6 billion in 2021, a 74% jump from 2020, due to plans by its two largest miners to boost copper and gold processing, the Energy and Non-Renewable . Ecuador Exports by country 2010 In 2010, major countries to which Ecuador Exported include United States, Panama, Peru, Venezuela and Chile Country Ecuador Year/Range 2010 Trade Flow Export Ecuador Imports 2010 Please note the exports, imports and tariff data are based on reported data and not gap filled. The total trade amounted to 98% of the Ecuador's GDP in 2017. The Netherlands. Definition: This entry provides the total US dollar amount of merchandise exports on an f.o.b. Test Your Knowledge. After some controversial measures applied by the former government to increase taxes with surcharges on imports to certain up to 45%, the new government has eliminated those surcharges bringing the sector to normality and dynamizing it. Over four-fifths (84.8%) of overall Ecuadorian exports in 2019 were delivered to the above 15 trade partners. Ecuador is the largest exporter of HSN Code 0810 and accounts for 37 shipments. Notice: If you have any questions or concerns regarding the procedures and requirements for exporting animal products, or to obtain a zoosanitary certificate for an animal product, you should contact the VS Field Office. This crisis amplified the macroeconomic imbalances that the country had been working to correct since the oil price boom ended. Includes customs, culture, history, geography, economy current events, photos, video, and more. Ecuador exports for 2017 was $21.73B, a 11.47% increase from 2016. Poverty increased significantly, the banking system collapsed, and Ecuador defaulted on its external . in US$ Thousand 2019 In 2019, the top partner countries to which Ecuador Exports All Products include United States, China, Panama, Chile and Peru . In 2019, Ecuador was the world's biggest exporter of Bananas ($3.43B) Includes customs, culture, history, geography, economy current events, photos, video, and more. 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