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Sunday, 08 November 2009   |   Last Updated: 23 July 2009

 

Ecuador

Ecuador FlagU.S.-Ecuador Trade Facts

Ecuador is currently our 41st largest goods trading partner with $12.5 billion in total (two way) goods trade during 2008. Goods exports totaled $3.5 billion; Goods imports totaled $9.0 billion. The U.S. goods trade deficit with Ecuador was $5.6 billion in 2008.

Exports

Ecuador was the United States' 46th largest goods export market in 2008.

U.S. goods exports to Ecuador in 2008 were $3.5 billion, up 17.5% ($514 million) from 2007, and up 189% from 1994 (the year prior to Uruguay Round).

The top export categories (2-digit HS) in 2008 were: Machinery ($834 million), Mineral Fuel (oil) ($529 million), Electrical Machinery ($346 million), Plastic ($300 million), and Paper and Paperboard ($173 million).

U.S. exports of agricultural products to Ecuador totaled $243 million in 2008. Leading categories include: wheat ($44 million), coarse grains ($43 million), and soybean meal ($34 million).

Imports

Ecuador was the United States' 35th largest supplier of goods imports in 2008.

U.S. goods imports from Ecuador totaled $9.0 billion in 2008, a 47.5% increase ($2.9 million) from 2007, and up 424% over the last 14 years.

The five largest import categories in 2008 were: Mineral Fuel (crude) ($7.3 billion), Fish and Seafood (shrimp and prawns) ($484 million), Edible Fruit and Nuts (bananas, plantains) ($351 million), Special Import Provisions (low value shipments) ($157 million), and Live Trees and Plants (cut flowers-roses) ($134 million).

U.S. imports of agricultural products from Ecuador totaled $746 million in 2008. Leading categories include: bananas and plantains ($312 million), nursery products and cut flowers ($134 million), and cocoa beans ($95 million).

Trade Balance

The U.S. goods trade deficit with Ecuador was $5.6 billion in 2008, a 75.0% increase ($2.4 billion) over 2007.

Investment

U.S. foreign direct investment (FDI) in Ecuador (stock) was $673 million in 2007, a 21.5% increase from 2006.

U.S. direct investment in Ecuador is primarily concentrated in the mining, manufacturing, and wholesale trade sectors.

Ecuador's FDI in the United States (stock) was $12 million in 2007, down 40% from 2006.