globaltraffic.earth

Ecuador trade in 2024

In 2024, Ecuador exported $37.8 billion and imported $29.4 billion, a trade surplus of $8.4 billion. It was the world's 65th-largest exporter, with 0.17% of world exports. Its top export was crude petroleum (34.6% of the total) and its main trading partner was China (21.3% of its trade).

Summary

Exports
$37.8billion
Imports
$29.4billion
Trade balance
+$8.4billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
View on the 3D globe

Products

What it exports

Crude petroleum (34.6%) and crustaceans (shrimp, lobster, crab) (16.4%) together make up 51% of its exports.

  1. Crude petroleum$13.1 billion · 34.6%
    Main partner: Panama
  2. Crustaceans (shrimp, lobster, crab)$6.2 billion · 16.4%
    Main partner: China
  3. Bananas$4.4 billion · 11.7%
    Main partner: United States
  4. Cocoa beans$2.6 billion · 7%
    Main partner: Malaysia
  5. Prepared fish and caviar$1.6 billion · 4.2%
    Main partner: Spain
  6. Gold$1.2 billion · 3.1%
    Main partner: Switzerland
  7. Copper ore$1.1 billion · 3%
    Main partner: China
  8. Refined petroleum$934 million · 2.5%
    Main partner: Panama
  9. Cut flowers$863 million · 2.3%
    Main partner: United States
  10. Precious metal ore$806 million · 2.1%
    Main partner: China

What it imports

Refined petroleum (13.7%) and coal tar oils (7.7%) together make up 21.5% of its imports.

  1. Refined petroleum$4 billion · 13.7%
    Main partner: United States
  2. Coal tar oils$2.3 billion · 7.7%
    Main partner: United States
  3. Cars$925 million · 3.2%
    Main partner: China
  4. Medicines in measured doses or retail packs$801 million · 2.7%
    Main partner: Colombia
  5. Natural gas and LPG$777 million · 2.6%
    Main partner: United States
  6. Soybean meal and pellets$740 million · 2.5%
    Main partner: Argentina
  7. Cameras and broadcast equipment$603 million · 2.1%
    Main partner: China
  8. Wheat$487 million · 1.7%
    Main partner: Canada
  9. Trucks$472 million · 1.6%
    Main partner: China
  10. Pet and animal feed$355 million · 1.2%
    Main partner: Peru
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$14 billion$7.5 billion
03 · Fish and seafood$6.6 billion$153 million
08 · Fruit and nuts$4.8 billion$148 million
18 · Cocoa and chocolate$2.9 billion$55 million
26 · Ores and slag$1.9 billion$2 million
16 · Prepared meat and fish$1.7 billion$19 million
71 · Gems and precious metals$1.2 billion$27 million
06 · Live plants and flowers$894 million$42 million
44 · Wood$521 million$52 million
20 · Preserved fruit and vegetables$396 million$83 million
07 · Vegetables$247 million$57 million
15 · Fats and oils$227 million$257 million
21 · Food preparations$197 million$295 million
39 · Plastics$196 million$1.3 billion
23 · Animal feed and food waste$194 million$1.2 billion
85 · Electrical and electronic equipment$174 million$2.3 billion
73 · Iron and steel products$134 million$426 million
24 · Tobacco$120 million$9 million
76 · Aluminum$114 million$166 million
88 · Aircraft and spacecraft$110 million$44 million
74 · Copper$102 million$119 million
84 · Mechanical machinery$89 million$3.2 billion
48 · Paper and paperboard$73 million$609 million
17 · Sugar and sweets$63 million$141 million
40 · Rubber$55 million$370 million
10 · Cereals$49 million$578 million
30 · Pharmaceuticals$47 million$1.1 billion
78 · Lead$46 million$11 million
19 · Baked goods and cereal products$39 million$137 million
34 · Soap and cleaning products$38 million$190 million
69 · Ceramics$34 million$124 million
72 · Iron and steel$33 million$689 million
35 · Glues, starches and enzymes$27 million$98 million
25 · Salt, stone and cement$23 million$66 million
90 · Precision and medical instruments$23 million$615 million
09 · Coffee, tea and spices$23 million$55 million
53 · Other plant fibers$23 million$1 million
52 · Cotton$23 million$66 million
94 · Furniture and lighting$23 million$196 million
61 · Knitted clothing$22 million$147 million
63 · Home textiles and used clothing$22 million$32 million
64 · Footwear$19 million$208 million
70 · Glass$19 million$132 million
65 · Hats$18 million$23 million
11 · Milling products and malt$15 million$46 million
22 · Beverages and spirits$15 million$130 million
38 · Miscellaneous chemicals$13 million$588 million
83 · Miscellaneous metal goods$13 million$150 million
41 · Hides and leather$11 million$4 million
32 · Dyes, paints and tanning agents$11 million$181 million
89 · Ships and boats$10 million$24 million
87 · Vehicles$9 million$2.1 billion
96 · Other manufactured goods$8 million$90 million
68 · Stone, plaster and cement articles$8 million$82 million
33 · Perfumes and cosmetics$8 million$455 million
29 · Organic chemicals$7 million$457 million
49 · Books and printed matter$7 million$53 million
62 · Woven clothing$7 million$167 million
05 · Other animal products$7 million$51 million
12 · Oilseeds and grains$6 million$62 million
28 · Inorganic chemicals$6 million$218 million
31 · Fertilizers$5 million$500 million
02 · Meat and offal$4 million$22 million
14 · Other plant products$3 million$1 million
56 · Felt, nonwovens and rope$3 million$68 million
55 · Synthetic staple fibers$3 million$77 million
54 · Synthetic filaments$3 million$96 million
82 · Tools and cutlery$2 million$131 million
79 · Zinc$2 million$13 million
95 · Toys and sports gear$2 million$144 million
42 · Leather goods and bags$2 million$50 million
04 · Dairy, eggs and honey$2 million$22 million
01 · Live animals$2 million$31 million
57 · Carpets and rugs$2 million$11 million
97 · Art and antiques$1 million$785 thousand
47 · Wood pulp$1 million$38 million
59 · Coated and technical textiles$1 million$29 million
13 · Gums and plant extracts$661 thousand$17 million
60 · Knitted fabric$632 thousand$106 million
86 · Railway equipment$588 thousand$7 million
58 · Special fabrics and lace$444 thousand$17 million
36 · Explosives and matches$429 thousand$29 million
46 · Wicker and basketware$400 thousand$792 thousand
91 · Watches and clocks$188 thousand$17 million
92 · Musical instruments$128 thousand$7 million
75 · Nickel$107 thousand$3 million
67 · Feathers and artificial flowers$102 thousand$7 million
81 · Other base metals$55 thousand$2 million
37 · Photographic goods$49 thousand$16 million
80 · Tin$38 thousand$1 million
66 · Umbrellas and canes$37 thousand$4 million
51 · Wool$17 thousand$2 million
43 · Fur and fur goods$11 thousand$6 million
50 · Silk$3 thousand$143 thousand
45 · Cork$795$999 thousand
93 · Weapons and ammunition$27$15 million

Trading partners

Its main destination is China (20.2% of exports) and its main source is the United States (26.9% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
China7.620.2%Sea
United States6.316.6%Sea
Panama5.715%Sea
Peru1.54.1%Land
Japan1.23.3%Sea
Netherlands0.972.6%Sea
Spain0.952.5%Sea
Chile0.932.5%Sea
Canada0.892.4%Sea
Colombia0.862.3%Land

Who it buys from

PartnerValue (USD billions)ShareMode
United States7.926.9%Sea
China6.722.8%Sea
Colombia2.17.3%Land
Brazil13.6%Sea
Peru0.973.3%Land
Italy0.852.9%Sea
South Korea0.82.7%Sea
Argentina0.682.3%Sea
Spain0.682.3%Sea
Canada0.642.2%Sea

Overview 1995–2024

In 2024, Ecuador accounted for 0.17% of world exports, compared with 0.1% in 1995.

Exports and imports

Exports grew 7-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 37.8
  • Imports 29.4
  • Balance +8.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$5.2 billion$4.7 billion$528 million
1996$5.8 billion$4.2 billion$1.5 billion
1997$6.1 billion$5.1 billion$973 million
1998$5.4 billion$6 billion-$641 million
1999$5.6 billion$3.5 billion$2.1 billion
2000$6 billion$3.8 billion$2.2 billion
2001$5.8 billion$5.7 billion$64 million
2002$6.2 billion$6.9 billion-$711 million
2003$7.6 billion$6.9 billion$609 million
2004$10.2 billion$8.3 billion$1.9 billion
2005$12.3 billion$10.3 billion$2.1 billion
2006$14.7 billion$12.7 billion$2 billion
2007$16.1 billion$14.1 billion$2 billion
2008$21.8 billion$19.7 billion$2.1 billion
2009$16.1 billion$15.7 billion$478 million
2010$19.9 billion$21.6 billion-$1.7 billion
2011$25.1 billion$24.7 billion$395 million
2012$26.2 billion$26 billion$210 million
2013$27.5 billion$27.5 billion$38 million
2014$28.3 billion$28.2 billion$79 million
2015$20.7 billion$22 billion-$1.3 billion
2016$18.6 billion$16.8 billion$1.8 billion
2017$21.2 billion$20.1 billion$1.1 billion
2018$23.6 billion$23.6 billion-$17 million
2019$25.5 billion$23.2 billion$2.3 billion
2020$22.8 billion$18.3 billion$4.4 billion
2021$29.3 billion$26.3 billion$3 billion
2022$37.2 billion$33.4 billion$3.9 billion
2023$37.6 billion$29.9 billion$7.7 billion
2024$37.8 billion$29.4 billion$8.4 billion

World rank

Ecuador fell from 63rd to 65th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 63rd in 1995
  • 65th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199563rd
199663rd
199763rd
199868th
199968th
200072nd
200173rd
200273rd
200374th
200473rd
200569th
200671st
200771st
200871st
200971st
201070th
201170th
201271st
201370th
201469th
201569th
201671st
201769th
201870th
201970th
202068th
202169th
202269th
202366th
202465th

What it sells

Its top export group is still oil, gas and coal: 37% in 2024

% of exports by Harmonized System chapter.

  • Other 10%
  • Live plants and flowers 2%
  • Gems and precious metals 3%
  • Prepared meat and fish 4%
  • Ores and slag 5%
  • Cocoa and chocolate 8%
  • Fruit and nuts 13%
  • Fish and seafood 17%
  • Oil, gas and coal 37%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal28.8%37.1%
Fish and seafood16.5%17.4%
Fruit and nuts25.7%12.8%
Cocoa and chocolate3.1%7.6%
Ores and slag0.02%5.1%
Prepared meat and fish3.4%4.5%
Gems and precious metals2%3.2%
Live plants and flowers1.9%2.4%
Other18.6%10%

Who it trades with

China went from 0.6% to 21% of Ecuador's trade

% of total trade (exports + imports) with each partner.

  • China 21%
  • United States 21%
  • Panama 9%
  • Colombia 4%
  • Peru 4%

Source: CEPII BACI

Show the numbers
Partner19952024
China0.62%21.3%
United States34%21.1%
Panama2.3%8.6%
Colombia7.2%4.5%
Peru1.2%3.7%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Oriente basin (conventional onshore)Oil and gas · 17.5 Mt CO₂e
  • Oriente basin (heavy oil)Oil and gas · 2.9 Mt CO₂e
  • Guayaquil Cement PlantCement · 1.7 Mt CO₂e
View on the globe

Largest economic production hubs (gridded GDP, 2024)

  • Quito$75.9 billion (PPP, 2021 dollars)
  • Guayaquil$63.4 billion (PPP, 2021 dollars)
  • Cuenca$13.5 billion (PPP, 2021 dollars)
View on the globe

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

See all countries