1.  Overview the trade of ECUADOR in goods current year until 202007

According to Dalian Infobank, in 202007, ECUADOR's exports and imports of goods amounted to 3006.3178 million, and were down 23.77% comparing with the same period of last year. Among these, exports were down 19.00% at 1605.3204 million, and imports were down 28.59% at 1400.9974 million. And the corresponding trade surplus was 204.3231 million and up 922.65%.

During the current year until 202007, ECUADOR's total exports and imports of goods were 21163.4520 million and were down 19.92% comparing to the same period of last year. Among these, exports were 11113.1517 million and down 14.82%; imports were 10050.3003 million and down 24.88%. The total trade surplus was 1062.8514 million and down 419.93%.

If considering by country (region), UNITED STATES, CHINA, COLOMBIA, PANAMA, CHILE were ECUADOR's top five trading partners. During the current year until 202007, ECUADOR's imports and exports to five countries/territories were 5130.4353 million, 4087.2242 million, 1252.5231 million, 1203.9117 million, 695.6944 million. These values correspond to 24.24%, 19.31%, 5.92%, 5.69%, 3.29% of ECUADOR's imports and exports, and, respectively, were down 18.12%, up 1.79%, down 16.72%, down 47.52%, down 42.59% comparing to the same period of last year.

Current year until 202007, ECUADOR and the top five trade partners UNITED STATES, CHINA, PANAMA, RUSSIA, COLOMBIA are the top five countries/territories that ECUADOR exports to in terms of the total export amount. During the current year until 202007, ECUADOR's exports to these five countries/territories were 2809.2372 million, 1827.4275 million, 1074.3625 million, 527.3757 million, 465.2371 million. These values correspond to 25.28%, 16.44%, 9.67%, 4.75%, 4.19% of ECUADOR's exports and, respectively, were down 21.95%, up 25.96%, down 25.40%, up 4.08%, down 6.41% comparing with the same period of last year.

Current year until 202007, ECUADOR's exports to top five countries/territories UNITED STATES, CHINA, COLOMBIA, BRAZIL, PERU are the top five countries/territories that ECUADOR imports from in terms of the total export amount. During the current year until 202007, ECUADOR's imports from these five countries/territories were 2321.1981 million, 2259.7966 million, 787.2860 million, 380.5317 million, 341.5878 million. These values correspond to 23.10%, 22.48%, 7.83%, 3.79%, 3.40% of ECUADOR's total imports and, respectively, were down 12.95%, down 11.89%, down 21.81%, down 32.22%, down 24.02% comparing with the same period of last year.

During the current year until 202007, the trade surplus of ECUADOR was mainly from PANAMA, UNITED STATES, RUSSIA, NETHERLANDS, ITALY at 944.8132 million, 488.0390 million, 411.1259 million, 251.0255 million, 186.0897 million, and up 61.20%, down 47.69%, up 21.03%, up 139.35%, up 52.03%. And the trade deficits were mainly from CHINA, BRAZIL, COLOMBIA, MEXICO, PERU at 432.3691 million, 338.7938 million, 322.0489 million, 259.7000 million, 167.0582 million, and down 61.18%, down 33.25%, down 36.82%, down 32.85%, down 180.92%.

Current year until 202007, ECUADOR's trade surplus or deficit with top five countries/territories During the current year until 202007,  commodities with hs2 codes, 27, 08, 03, 84, 85, were ECUADOR's top five traded commodities. They correspond to the import and export values of 4399.7332 million, 2519.8672 million, 2504.9756 million, 1186.1792 million, 857.4478 million, which were down 45.15%, up 19.69%, down 0.39%, down 26.39%, down 23.37% comparing with the same period of last year and account for 20.79%, 11.91%, 11.84%, 5.60%, 4.05% of ECUADOR's total imports and exports.

During the current year until 202007, 27, 03, 08, 16, 06 were ECUADOR's top five traded commodities, with total import and export values of 2768.0241 million, 2446.5817 million, 2428.3574 million, 684.6197 million, 534.6221 million. These values correspond to 24.91%, 22.02%, 21.85%, 6.16%, 4.81% of ECUADOR's total exports and, respectively, were down 48.04%, up 0.27%, up 20.13%, down 4.37%, down 4.51% comparing to the same period of last year.

During the current year until 202007, 27, 84, 85, 87, 30 were ECUADOR's top five traded commodities, with total import values of 1631.7091 million, 1153.6610 million, 816.6922 million, 651.3117 million, 650.6592 million. These values correspond to 16.24%, 11.48%, 8.13%, 6.48%, 6.47% of ECUADOR's total exports and, respectively, were down 39.45%, down 26.46%, down 24.05%, down 48.10%, up 13.65% comparing to the same period of last year.

2. Current year until 202007, ECUADOR binational trade profile

According to Dalian Infobank, during the current year until 202007, ECUADOR-China binational exports and imports of goods amounted to 4087.2242 million and were up 1.79% comparing with the same period of last year. Among these, exports from ECUADOR to China were 1827.4275 million and up 25.96%, imports from China to ECUADOR were 2259.7966 million and down 11.89%. The total binational trade deficit was 432.3691 million and down 61.18%.

During the urrent year until 202007, commodities with hs2 code, 03, 85, 84, 27, 44, were binational trade's top five traded commodities. They correspond to import and export values of 1245.0330 million, 418.5090 million, 389.5811 million, 282.6457 million, 227.2214 million and makes up 30.46%, 10.24%, 9.53%, 6.92%, 5.56% of the total binational imports and exports. These values were also up 15.44%, down 17.82%, down 11.79%, up 110.97%, up 385.87% comparing to the same period last year.

During the current year until 202007, 03, 44, 27, 08, 26 were the top five traded commodities exported to China from ECUADOR, with export values of 1245.0330 million, 222.7416 million, 181.4494 million, 101.5412 million, 35.4177 million. These values account for 68.13%, 12.19%, 9.93%, 5.56%, 1.94% of ECUADOR's total exports and were up 15.44%, up 479.41%, up 68.42%, down 26.54%, down 16.88% comparing to the same period of last year.

During the current year until 202007, 85, 84, 87, 72, 63 were ECUADOR's top five traded commodities importing from China , with import values of 417.9583 million, 386.1579 million, 189.8037 million, 134.0238 million, 125.1982 million. These values account for 18.50%, 17.09%, 8.40%, 5.93%, 5.54% of ECUADOR's total imports and were down 17.89%, down 12.48%, down 27.14%, down 34.97%, up 2838.87% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Central Bank of Ecuador