1.  Overview the trade of ECUADOR in goods current year until 202104

According to Dalian Infobank, in 202104, ECUADOR's exports and imports of goods amounted to 4034.3109 million, and were up 77.51% comparing with the same period of last year. Among these, exports were up 89.94% at 2099.3046 million, and imports were up 65.74% at 1935.0063 million. And the corresponding trade surplus was 164.2983 million and down 364.02%.

During the current year until 202104, ECUADOR's total exports and imports of goods were 15192.1496 million and were up 21.20% comparing to the same period of last year. Among these, exports were 7879.3023 million and up 22.68%; imports were 7312.8474 million and up 19.64%. The total trade surplus was 566.4549 million and up 82.60%.

If considering by country (region), UNITED STATES, CHINA, PANAMA, COLOMBIA, RUSSIA were ECUADOR's top five trading partners. During the current year until 202104, ECUADOR's imports and exports to five countries/territories were 3844.1937 million, 2286.1855 million, 1376.9445 million, 769.1274 million, 482.6552 million. These values correspond to 25.30%, 15.05%, 9.06%, 5.06%, 3.18% of ECUADOR's imports and exports, and, respectively, were up 20.00%, up 3.63%, up 132.81%, up 4.64%, up 15.65% comparing to the same period of last year.

Current year until 202104, 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 202104, ECUADOR's exports to these five countries/territories were 2054.9283 million, 1321.2882 million, 722.6867 million, 348.8957 million, 296.1712 million. These values correspond to 26.08%, 16.77%, 9.17%, 4.43%, 3.76% of ECUADOR's exports and, respectively, were up 21.96%, up 167.74%, down 30.14%, up 2.54%, up 4.87% comparing with the same period of last year.

Current year until 202104, 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 202104, ECUADOR's imports from these five countries/territories were 1789.2654 million, 1563.4988 million, 530.3239 million, 257.8493 million, 241.5783 million. These values correspond to 24.47%, 21.38%, 7.25%, 3.53%, 3.30% of ECUADOR's total imports and, respectively, were up 17.83%, up 33.44%, up 7.89%, up 8.54%, up 12.19% comparing with the same period of last year.

During the current year until 202104, the trade surplus of ECUADOR was mainly from PANAMA, UNITED STATES, RUSSIA, NETHERLANDS, CHILE at 1265.6319 million, 265.6629 million, 215.1363 million, 170.1985 million, 125.1038 million, and up 219.97%, up 59.55%, down 18.26%, up 19.82%, up 6.65%. And the trade deficits were mainly from CHINA, COLOMBIA, BRAZIL, SOUTH KOREA, MEXICO at 840.8121 million, 291.5205 million, 217.1050 million, 196.6529 million, 172.1638 million, and up 512.88%, up 17.52%, up 3.69%, up 218.87%, up 4.81%.

Current year until 202104, ECUADOR's trade surplus or deficit with top five countries/territories During the current year until 202104,  commodities with hs2 codes, 27, 03, 08, 84, 85, were ECUADOR's top five traded commodities. They correspond to the import and export values of 4032.2821 million, 1518.1581 million, 1352.0965 million, 792.0325 million, 594.5953 million, which were up 44.65%, up 6.37%, down 10.22%, up 11.56%, up 23.77% comparing with the same period of last year and account for 26.54%, 9.99%, 8.90%, 5.21%, 3.91% of ECUADOR's total imports and exports.

During the current year until 202104, 27, 03, 08, 16, 06 were ECUADOR's top five traded commodities, with total import and export values of 2664.4963 million, 1467.1784 million, 1301.8175 million, 421.6021 million, 340.7291 million. These values correspond to 33.82%, 18.62%, 16.52%, 5.35%, 4.32% of ECUADOR's total exports and, respectively, were up 65.09%, up 5.10%, down 10.55%, up 22.34%, up 6.11% comparing to the same period of last year.

During the current year until 202104, 27, 84, 87, 85, 39 were ECUADOR's top five traded commodities, with total import values of 1367.7857 million, 773.4119 million, 569.0266 million, 568.0589 million, 402.7780 million. These values correspond to 18.70%, 10.58%, 7.78%, 7.77%, 5.51% of ECUADOR's total exports and, respectively, were up 16.54%, up 12.23%, up 24.92%, up 23.82%, up 33.47% comparing to the same period of last year.

2. Current year until 202104, ECUADOR binational trade profile

According to Dalian Infobank, during the current year until 202104, ECUADOR-China binational exports and imports of goods amounted to 2286.1855 million and were up 3.63% comparing with the same period of last year. Among these, exports from ECUADOR to China were 722.6867 million and down 30.14%, imports from China to ECUADOR were 1563.4988 million and up 33.44%. The total binational trade deficit was 840.8121 million and up 512.88%.

During the urrent year until 202104, 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 483.4804 million, 287.6668 million, 265.7442 million, 209.5823 million, 134.9084 million and makes up 21.15%, 12.58%, 11.62%, 9.17%, 5.90% of the total binational imports and exports. These values were also down 37.55%, up 39.47%, up 25.22%, up 69.02%, up 75.61% comparing to the same period last year.

During the current year until 202104, 03, 26, 44, 27, 08 were the top five traded commodities exported to China from ECUADOR, with export values of 483.4793 million, 79.5881 million, 45.1730 million, 35.0670 million, 30.5642 million. These values account for 66.90%, 11.01%, 6.25%, 4.85%, 4.23% of ECUADOR's total exports and were down 37.55%, up 306.41%, down 55.72%, down 29.01%, down 52.74% comparing to the same period of last year.

During the current year until 202104, 84, 85, 87, 72, 39 were ECUADOR's top five traded commodities importing from China , with import values of 287.6505 million, 265.6410 million, 209.5822 million, 134.9080 million, 65.5055 million. These values account for 18.40%, 16.99%, 13.40%, 8.63%, 4.19% of ECUADOR's total imports and were up 41.43%, up 25.17%, up 69.02%, up 75.61%, up 57.90% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Central Bank of Ecuador