Ecuador running trade defecit

Posted on July 23, 2013 • Filed under: Economy, Ecuador

Ecuador Balance of Trade reported that Ecuador recorded a trade deficit of 336017 USD Thousand in May of 2013. Balance of Trade in Ecuador is reported by the Banco Central del Ecuador. Ecuador Balance of Trade averaged -8399.54 USD Thousand from 1985 until 2013, reaching an all time high of 619602 USD Thousand in May of 2008 and a record low of -670178 USD Thousand in October of 2008. Ecuador’s economy is highly dependent on oil exports (58 percent of total exports).
An Indispensable guide to Ecuador
Other exports include: fish and shrimps and bananas. Main imports are: raw materials for industry (25 percent of total imports), capital goods for industry (19 percent), fuels and lubricants (17 percent) and consumption durables (13 percent). Ecuador´s main trading partner is the United States (45 percent of total exports and 27 percent of imports). Others include: Chile, China, Peru, Colombia and Panama. This page includes a chart with historical data for Balance of Trade in Ecuador. Read Article

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