[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · ECU · 2024
Ecuador trade profile
In 2024, Ecuador recorded $36.3B in merchandise exports and $26.3B in imports, producing a $9.9B trade surplus. Exports changed +5.9% from the previous year, while imports changed -7.1%.[1]
Exports
$36.3B
+5.9%
Imports
$26.3B
-7.1%
Trade balance
$9.9B
surplus
Active partners
270
36 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$13.5B
HS 27 · Mineral fuels and oils
36 active HS6 lines · 48 export partners
2$6.5B
HS 03 · HS chapter
154 active HS6 lines · 111 export partners
3$4.1B
HS 08 · HS chapter
65 active HS6 lines · 111 export partners
4$2.9B
HS 18 · HS chapter
11 active HS6 lines · 91 export partners
5$1.9B
HS 26 · HS chapter
26 active HS6 lines · 22 export partners
6$1.6B
HS 16 · HS chapter
37 active HS6 lines · 88 export partners
7$1.2B
HS 06 · HS chapter
16 active HS6 lines · 121 export partners
8$1.1B
HS 71 · Precious metals and stones
41 active HS6 lines · 58 export partners
Leading export markets
Destinations rank bilateral export flows from Ecuador; growth describes each corridor rather than the whole economy.
1$7.8B
United States
Annual change -4.6% · 3-year CAGR 1.7%
2$6.5B
China
Annual change -3.5% · 3-year CAGR 11.4%
3$5.7B
Panama
Annual change +30.2% · 3-year CAGR 14.6%
4$1.4B
Peru
Annual change +26.4% · 3-year CAGR 28.8%
5$928.2M
Spain
Annual change +4.2% · 3-year CAGR 8.7%
6$914.6M
Japan
Annual change +6.9% · 3-year CAGR 3.7%
7$879.7M
Chile
Annual change -14.3% · 3-year CAGR -8.3%
8$814.2M
Russia
Annual change -11.9% · 3-year CAGR -10.8%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.