1.  Overview the trade of ECUADOR in goods current year until 202101

According to Dalian Infobank, in 202101, ECUADOR's exports and imports of goods amounted to 3512.8797 million, and were down 7.57% comparing with the same period of last year. Among these, exports were down 5.57% at 1814.8922 million, and imports were down 9.61% at 1697.9875 million. And the corresponding trade surplus was 116.9047 million and up 170.30%.

During the current year until 202101, ECUADOR's total exports and imports of goods were 3512.8797 million and were down 7.57% comparing to the same period of last year. Among these, exports were 1814.8922 million and down 5.57%; imports were 1697.9875 million and down 9.61%. The total trade surplus was 116.9047 million and up 170.30%.

If considering by country (region), UNITED STATES, CHINA, PANAMA, COLOMBIA, CHILE were ECUADOR's top five trading partners. During the current year until 202101, ECUADOR's imports and exports to five countries/territories were 933.6902 million, 570.0593 million, 354.8228 million, 161.6904 million, 116.1520 million. These values correspond to 26.58%, 16.23%, 10.10%, 4.60%, 3.31% of ECUADOR's imports and exports, and, respectively, were down 9.63%, down 4.79%, up 15.89%, down 26.15%, down 24.13% comparing to the same period of last year.

Current year until 202101, ECUADOR and the top five trade partners UNITED STATES, PANAMA, CHINA, RUSSIA, CHILE are the top five countries/territories that ECUADOR exports to in terms of the total export amount. During the current year until 202101, ECUADOR's exports to these five countries/territories were 464.4010 million, 330.3492 million, 178.3830 million, 85.0482 million, 82.5404 million. These values correspond to 25.59%, 18.20%, 9.83%, 4.69%, 4.55% of ECUADOR's exports and, respectively, were down 7.60%, up 19.08%, down 15.76%, down 3.57%, down 24.53% comparing with the same period of last year.

Current year until 202101, 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 202101, ECUADOR's imports from these five countries/territories were 469.2892 million, 391.6763 million, 106.6613 million, 62.0191 million, 54.6427 million. These values correspond to 27.64%, 23.07%, 6.28%, 3.65%, 3.22% of ECUADOR's total imports and, respectively, were down 11.56%, up 1.22%, down 22.50%, down 21.21%, up 0.28% comparing with the same period of last year.

During the current year until 202101, the trade surplus of ECUADOR was mainly from PANAMA, RUSSIA, CHILE, NETHERLANDS, ITALY at 305.8755 million, 67.6249 million, 48.9288 million, 46.2131 million, 15.6531 million, and up 23.02%, down 4.25%, down 25.46%, up 39.25%, down 69.88%. And the trade deficits were mainly from CHINA, BRAZIL, COLOMBIA, SOUTH KOREA, MEXICO at 213.2933 million, 51.6460 million, 51.6322 million, 43.9828 million, 41.6338 million, and up 21.74%, down 28.95%, down 8.33%, up 131.76%, down 8.06%.

Current year until 202101, ECUADOR's trade surplus or deficit with top five countries/territories During the current year until 202101,  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 933.1416 million, 355.5473 million, 280.9593 million, 195.3368 million, 135.7664 million, which were down 11.66%, down 17.68%, down 15.53%, down 20.33%, down 10.39% comparing with the same period of last year and account for 26.56%, 10.12%, 8.00%, 5.56%, 3.86% of ECUADOR's total imports and exports.

During the current year until 202101, 27, 08, 03, 16, 26 were ECUADOR's top five traded commodities, with total import and export values of 598.9374 million, 347.0655 million, 271.9279 million, 88.9206 million, 83.8055 million. These values correspond to 33.00%, 19.12%, 14.98%, 4.90%, 4.62% of ECUADOR's total exports and, respectively, were down 12.35%, down 17.27%, down 16.92%, up 21.70%, up 166.82% comparing to the same period of last year.

During the current year until 202101, 27, 84, 85, 87, 39 were ECUADOR's top five traded commodities, with total import values of 334.2042 million, 189.7899 million, 129.3076 million, 122.7635 million, 88.8697 million. These values correspond to 19.68%, 11.18%, 7.62%, 7.23%, 5.23% of ECUADOR's total exports and, respectively, were down 10.39%, down 20.21%, down 10.25%, down 28.62%, up 4.99% comparing to the same period of last year.

2. Current year until 202101, ECUADOR binational trade profile

According to Dalian Infobank, during the current year until 202101, ECUADOR-China binational exports and imports of goods amounted to 570.0593 million and were down 4.79% comparing with the same period of last year. Among these, exports from ECUADOR to China were 178.3830 million and down 15.76%, imports from China to ECUADOR were 391.6763 million and up 1.22%. The total binational trade deficit was 213.2933 million and up 21.74%.

During the urrent year until 202101, commodities with hs2 code, 84, 85, 03, 26, 87, were binational trade's top five traded commodities. They correspond to import and export values of 75.8589 million, 67.6748 million, 62.2757 million, 54.5012 million, 47.6581 million and makes up 13.31%, 11.87%, 10.92%, 9.56%, 8.36% of the total binational imports and exports. These values were also up 8.00%, down 8.11%, down 62.76%, up 1225.83%, up 5.93% comparing to the same period last year.

During the current year until 202101, 03, 26, 27, 44, 08 were the top five traded commodities exported to China from ECUADOR, with export values of 62.2757 million, 54.5012 million, 34.8345 million, 10.9018 million, 8.1751 million. These values account for 34.91%, 30.55%, 19.53%, 6.11%, 4.58% of ECUADOR's total exports and were down 62.76%, up 1225.83%, 0, down 52.61%, down 41.29% comparing to the same period of last year.

During the current year until 202101, 84, 85, 87, 72, 39 were ECUADOR's top five traded commodities importing from China , with import values of 75.8589 million, 67.6049 million, 47.6580 million, 43.5708 million, 19.2078 million. These values account for 19.37%, 17.26%, 12.17%, 11.12%, 4.90% of ECUADOR's total imports and were up 8.01%, down 8.21%, up 5.93%, up 67.73%, up 13.06% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Central Bank of Ecuador