Ecuador

Ecuador FlagU.S.-Ecuador Trade Facts

Ecuador is currently our 40th largest goods trading partner with $12.9 billion in total (two way) goods trade during 2010. Goods exports totaled $5.4 billion; Goods imports totaled $7.5 billion. The U.S. goods trade deficit with Ecuador was $2.0 billion in 2010.

Exports

Ecuador was the United States' 39th largest goods export market in 2010.

U.S. goods exports to Ecuador in 2010 were $5.4 billion, up 38.3% ($1.5 billion) from 2009, and up 356% from 1994 (the year prior to Uruguay Round).

The top export categories (2-digit HS) in 2010 were: Mineral Fuel (oil) ($2.1 billion), Machinery ($907 million), Electrical Machinery ($376 million), Vehicles ($315 million), and Plastic ($269 million).

U.S. exports of agricultural products to Ecuador totaled $243 million in 2010. Leading categories include: soybean meal ($56 million), wheat ($30 million), and coarse grains ($30 million).

Imports

Ecuador was the United States' 37th largest supplier of goods imports in 2010.

U.S. goods imports from Ecuador totaled $7.5 billion in 2010, a 41.3% increase ($2.2 billion) from 2009, and up 331% over the last 16 years.

The five largest import categories in 2010 were: Mineral Fuel (crude) ($5.7 billion) Fish and Seafood (shrimp and prawns) ($555 million), Edible Fruit and Nuts (bananas, plantains) ($475 million), Live Trees and Plants (cut flowers-roses) ($137 million), and Special Other (provisions) ($105 million).

U.S. imports of agricultural products from Ecuador totaled $869 million in 2010. Leading categories include: bananas and plantains ($434 million), nursery products (cut flowers) ($137 million), and cocoa beans ($94 million).

Trade Balance

The U.S. goods trade deficit with Ecuador was $2.0 billion in 2010, a 50.1% increase ($668 million) over 2009.

Investment

U.S. foreign direct investment (FDI) in Ecuador (stock) was $1.3 billion in 2009 (latest data available), a 16.2% increase from 2008.

U.S. direct investment in Ecuador is led by the mining, and manufacturing sectors.

Ecuador’s FDI in the United States (stock) was $32 million in 2009 (latest data available).