Ecuador

Compare Ecuador →

EC · ECU · BACI 218 · latest data 2024

Exports

$37.8B USD, nominal · 2024

= $37,791 M47.5% over 5 yrs (up)

Imports

$29.4B USD, nominal · 2024

= $29,389 M26.5% over 5 yrs (up)

Trade balancesurplus

$8.4B USD, nominal · 2024

= $8,401 M

Total trade

$67.2B USD, nominal · 2024

= $67,180 M37.5% over 5 yrs (up)

World position: #64 of 225 exporters · top half · #70 of 225 importers · top half · 2024
World export share since 1995: +0.1 pp

Trade timeline

Ecuador's exports grew from $5.3B in 1995 to $37.8B in 2024; the 2024 balance was $8.4B.

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Exports, imports, trade balance and total trade of Ecuador per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$5,296 M	$4,737 M	$559 M	$10,032 M
1996	$5,810 M	$4,236 M	$1,574 M	$10,045 M
1997	$6,065 M	$5,102 M	$962 M	$11,167 M
1998	$5,438 M	$6,004 M	−$566 M	$11,443 M
1999	$5,686 M	$3,520 M	$2,166 M	$9,205 M
2000	$6,026 M	$3,810 M	$2,216 M	$9,836 M
2001	$5,828 M	$5,721 M	$108 M	$11,549 M
2002	$6,193 M	$6,897 M	−$705 M	$13,090 M
2003	$7,644 M	$6,949 M	$695 M	$14,593 M
2004	$10,368 M	$8,312 M	$2,056 M	$18,681 M
2005	$12,514 M	$10,228 M	$2,286 M	$22,742 M
2006	$14,928 M	$12,678 M	$2,250 M	$27,606 M
2007	$16,211 M	$14,070 M	$2,141 M	$30,282 M
2008	$21,891 M	$19,623 M	$2,268 M	$41,513 M
2009	$16,257 M	$15,598 M	$659 M	$31,855 M
2010	$20,206 M	$21,528 M	−$1,323 M	$41,734 M
2011	$25,168 M	$24,765 M	$403 M	$49,934 M
2012	$26,158 M	$25,995 M	$162 M	$52,153 M
2013	$27,613 M	$27,525 M	$88 M	$55,138 M
2014	$28,314 M	$28,170 M	$144 M	$56,484 M
2015	$20,815 M	$21,886 M	−$1,070 M	$42,701 M
2016	$18,714 M	$16,799 M	$1,916 M	$35,513 M
2017	$21,328 M	$20,077 M	$1,251 M	$41,405 M
2018	$23,731 M	$23,701 M	$29 M	$47,432 M
2019	$25,619 M	$23,236 M	$2,384 M	$48,855 M
2020	$22,959 M	$18,409 M	$4,549 M	$41,368 M
2021	$29,639 M	$26,135 M	$3,505 M	$55,774 M
2022	$37,736 M	$33,345 M	$4,391 M	$71,082 M
2023	$37,251 M	$29,821 M	$7,429 M	$67,072 M
2024	$37,791 M	$29,389 M	$8,401 M	$67,180 M

30 rows

World share & rank

World export share moved from 0.1% in 1995 to 0.2% in 2024; export rank #61 → #64.

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World export and import share in percent, and world ranks, of Ecuador per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.10%	0.09%	#61	#66
1996	0.11%	0.08%	#61	#69
1997	0.11%	0.09%	#61	#68
1998	0.10%	0.11%	#66	#68
1999	0.10%	0.06%	#66	#82
2000	0.09%	0.06%	#71	#86
2001	0.09%	0.09%	#71	#77
2002	0.09%	0.10%	#73	#74
2003	0.10%	0.09%	#73	#78
2004	0.11%	0.09%	#72	#78
2005	0.12%	0.10%	#67	#75
2006	0.12%	0.10%	#69	#75
2007	0.12%	0.10%	#70	#77
2008	0.14%	0.12%	#70	#75
2009	0.13%	0.13%	#70	#76
2010	0.13%	0.14%	#70	#69
2011	0.14%	0.14%	#69	#69
2012	0.14%	0.14%	#71	#69
2013	0.15%	0.15%	#70	#69
2014	0.15%	0.15%	#68	#69
2015	0.13%	0.14%	#68	#72
2016	0.12%	0.11%	#70	#80
2017	0.12%	0.11%	#68	#76
2018	0.12%	0.12%	#69	#72
2019	0.14%	0.13%	#69	#72
2020	0.13%	0.11%	#67	#78
2021	0.14%	0.12%	#68	#72
2022	0.16%	0.14%	#68	#69
2023	0.16%	0.13%	#64	#71
2024	0.17%	0.13%	#64	#70

30 rows

Trading partners

China was Ecuador's top trading partner in 2024, at 21.3% of total trade; the top five partners covered 59.2%.

Year

Top partner share: 21.3%
Top-5 share: 59.2%
Partners: 205
Partner HHI (0–1): 0.106

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China $7.6B

United States $6.3B

Panama $5.7B

Peru $1.5B

Japan $1.2B

Netherlands $973M

Spain $949M

Chile $929M

Canada $892M

Colombia $863M

Germany $718M

Italy $713M

Argentina $345M

South Korea $284M

Brazil $134M

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Top partners of Ecuador in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$7,617 M	$6,689 M	$14,306 M	$928 M
#2	United States	$6,287 M	$7,907 M	$14,194 M	−$1,620 M
#3	Panama	$5,663 M	$122 M	$5,785 M	$5,542 M
#4	Colombia	$863 M	$2,130 M	$2,993 M	−$1,267 M
#5	Peru	$1,531 M	$975 M	$2,505 M	$556 M
#6	Japan	$1,233 M	$526 M	$1,759 M	$707 M
#7	Spain	$949 M	$677 M	$1,626 M	$272 M
#8	Italy	$713 M	$845 M	$1,558 M	−$132 M
#9	Canada	$892 M	$641 M	$1,533 M	$250 M
#10	Chile	$929 M	$511 M	$1,440 M	$418 M
#11	Germany	$718 M	$621 M	$1,338 M	$97 M
#12	Netherlands	$973 M	$249 M	$1,222 M	$724 M
#13	Brazil	$134 M	$1,050 M	$1,184 M	−$916 M
#14	South Korea	$284 M	$797 M	$1,081 M	−$514 M
#15	Argentina	$345 M	$683 M	$1,028 M	−$337 M

15 rows

Products & sectors

Product composition of Ecuador's trade in 2024.

Year

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Concentration & risk

Ecuador's export partners diversified over 1995–2024 — HHI 0.169 → 0.099, a diversified export base across 170 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Ecuador per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.169	0.115	126	111
1996	0.145	0.112	135	113
1997	0.157	0.108	102	124
1998	0.141	0.110	136	142
1999	0.139	0.106	146	130
2000	0.148	0.106	154	146
2001	0.133	0.092	164	143
2002	0.162	0.090	165	142
2003	0.164	0.074	157	149
2004	0.192	0.076	159	149
2005	0.238	0.078	155	134
2006	0.259	0.084	162	137
2007	0.171	0.079	172	134
2008	0.199	0.083	168	141
2009	0.134	0.096	170	145
2010	0.151	0.102	165	143
2011	0.175	0.086	167	182
2012	0.176	0.104	175	156
2013	0.198	0.107	172	197
2014	0.176	0.119	172	186
2015	0.150	0.106	174	189
2016	0.124	0.103	182	182
2017	0.113	0.092	180	192
2018	0.109	0.099	181	193
2019	0.113	0.099	177	191
2020	0.103	0.113	177	177
2021	0.110	0.114	176	198
2022	0.127	0.126	174	192
2023	0.117	0.130	174	188
2024	0.099	0.137	170	194

30 rows

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