1.  Overview the trade of ECUADOR in goods current year until 202102

According to Dalian Infobank, in 202102, ECUADOR's exports and imports of goods amounted to 3503.3072 million, and were up 4.15% comparing with the same period of last year. Among these, exports were up 3.45% at 1872.5032 million, and imports were up 4.97% at 1630.8039 million. And the corresponding trade surplus was 241.6993 million and down 5.76%.

During the current year until 202102, ECUADOR's total exports and imports of goods were 7016.1869 million and were down 2.07% comparing to the same period of last year. Among these, exports were 3687.3955 million and down 1.19%; imports were 3328.7914 million and down 3.01%. The total trade surplus was 358.6041 million and up 19.65%.

If considering by country (region), UNITED STATES, CHINA, PANAMA, COLOMBIA, CHILE were ECUADOR's top five trading partners. During the current year until 202102, ECUADOR's imports and exports to five countries/territories were 1713.9173 million, 1089.6995 million, 778.9339 million, 348.0878 million, 249.9820 million. These values correspond to 24.43%, 15.53%, 11.10%, 4.96%, 3.56% of ECUADOR's imports and exports, and, respectively, were down 11.15%, down 7.36%, up 91.35%, down 23.55%, down 13.36% comparing to the same period of last year.

Current year until 202102, 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 202102, ECUADOR's exports to these five countries/territories were 819.8352 million, 751.9932 million, 308.2198 million, 187.2142 million, 184.1544 million. These values correspond to 22.23%, 20.39%, 8.36%, 5.08%, 4.99% of ECUADOR's exports and, respectively, were down 23.33%, up 127.53%, down 32.45%, up 9.64%, down 11.70% comparing with the same period of last year.

Current year until 202102, 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 202102, ECUADOR's imports from these five countries/territories were 894.0821 million, 781.4798 million, 241.1604 million, 117.1687 million, 110.8483 million. These values correspond to 26.86%, 23.48%, 7.24%, 3.52%, 3.33% of ECUADOR's total imports and, respectively, were up 4.01%, up 8.53%, down 17.49%, down 5.53%, down 5.88% comparing with the same period of last year.

During the current year until 202102, the trade surplus of ECUADOR was mainly from PANAMA, RUSSIA, CHILE, NETHERLANDS, ITALY at 725.0525 million, 156.5385 million, 118.3267 million, 92.7928 million, 41.5369 million, and up 185.53%, up 30.12%, down 7.97%, up 29.22%, down 56.66%. And the trade deficits were mainly from CHINA, COLOMBIA, BRAZIL, MEXICO, UNITED STATES at 473.2600 million, 134.2329 million, 95.4007 million, 86.1728 million, 74.2470 million, and up 79.44%, up 3.83%, down 10.95%, down 3.33%, down 135.41%.

Current year until 202102, ECUADOR's trade surplus or deficit with top five countries/territories During the current year until 202102,  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 1843.4943 million, 680.7258 million, 629.5360 million, 374.1737 million, 280.2099 million, which were down 1.31%, down 12.62%, down 14.41%, down 10.08%, up 3.81% comparing with the same period of last year and account for 26.27%, 9.70%, 8.97%, 5.33%, 3.99% of ECUADOR's total imports and exports.

During the current year until 202102, 27, 08, 03, 16, 06 were ECUADOR's top five traded commodities, with total import and export values of 1240.4120 million, 661.3008 million, 611.8206 million, 189.3918 million, 188.5965 million. These values correspond to 33.64%, 17.93%, 16.59%, 5.14%, 5.11% of ECUADOR's total exports and, respectively, were up 6.52%, down 12.43%, down 14.92%, up 8.92%, up 6.89% comparing to the same period of last year.

During the current year until 202102, 27, 84, 85, 87, 39 were ECUADOR's top five traded commodities, with total import values of 603.0823 million, 365.7472 million, 267.6385 million, 264.6325 million, 183.6687 million. These values correspond to 18.12%, 10.99%, 8.04%, 7.95%, 5.52% of ECUADOR's total exports and, respectively, were down 14.28%, down 8.94%, up 5.02%, down 19.61%, up 18.85% comparing to the same period of last year.

2. Current year until 202102, ECUADOR binational trade profile

According to Dalian Infobank, during the current year until 202102, ECUADOR-China binational exports and imports of goods amounted to 1089.6995 million and were down 7.36% comparing with the same period of last year. Among these, exports from ECUADOR to China were 308.2198 million and down 32.45%, imports from China to ECUADOR were 781.4798 million and up 8.53%. The total binational trade deficit was 473.2600 million and up 79.44%.

During the urrent year until 202102, commodities with hs2 code, 03, 84, 85, 87, 72, were binational trade's top five traded commodities. They correspond to import and export values of 155.3724 million, 150.1514 million, 135.1002 million, 98.0674 million, 70.2330 million and makes up 14.26%, 13.78%, 12.40%, 9.00%, 6.45% of the total binational imports and exports. These values were also down 55.76%, up 16.81%, up 8.99%, up 10.33%, up 78.58% comparing to the same period last year.

During the current year until 202102, 03, 26, 27, 44, 08 were the top five traded commodities exported to China from ECUADOR, with export values of 155.3713 million, 62.1622 million, 34.8345 million, 25.4339 million, 16.0203 million. These values account for 50.41%, 20.17%, 11.30%, 8.25%, 5.20% of ECUADOR's total exports and were down 55.76%, up 485.34%, 0, down 54.19%, down 37.23% comparing to the same period of last year.

During the current year until 202102, 84, 85, 87, 72, 39 were ECUADOR's top five traded commodities importing from China , with import values of 150.1514 million, 135.0302 million, 98.0673 million, 70.2329 million, 34.5916 million. These values account for 19.21%, 17.28%, 12.55%, 8.99%, 4.43% of ECUADOR's total imports and were up 19.45%, up 8.94%, up 10.33%, up 78.58%, up 32.50% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Central Bank of Ecuador