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Ecuador

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U.S.-Ecuador Trade Facts

Ecuador is currently our 41st largest goods trading partner with $10.2 billion in total (two way) goods trade during 2016. Goods exports totaled $4.2 billion; goods imports totaled $6.1 billion. The U.S. goods trade deficit with Ecuador was $1.9 billion in 2016.

According to the Department of Commerce, U.S. exports of goods to Ecuador supported an estimated 23 thousand jobs in 2015 (latest data available).

Exports
 

  • Ecuador was the United States' 43rd largest goods export market in 2016.
     
  • U.S. goods exports to Ecuador in 2016 were $4.1 billion, down 28.3% ($1.6 billion) from 2015 but up 52.3% from 2006. 
     
  • The top export categories (2-digit HS) in 2016 were: mineral fuels ($1.9 billion), machinery ($459 million), electrical machinery ($275 million), plastics ($217 million), and food waste, animal feed ($146 million).
     
  • U.S. total exports of agricultural products to Ecuador totaled $296 million in 2016. Leading domestic export categories include: soybean meal ($123 million), wheat ($52 million), cotton ($20 million), feeds & fodders nesoi ($19 million), and prepared food ($14 million).

Imports

  • Ecuador was the United States' 38th largest supplier of goods imports in 2016.
     
  • U.S. goods imports from Ecuador totaled $6.1 billion in 2016, down 18.8% ($1.4 billion) from 2015, and down up 14.6% from 2006. 
     
  • The top import categories (2-digit HS) in 2016 were: mineral fuels ($3.4 billion), fish and seafood (crustaceans) ($685 million), precious metal and stone (gold) ($634 million), edible fruit & nuts (bananas) ($262 million), and live trees and plants ($243 million).
     
  • U.S. imports of agricultural products from Ecuador totaled $1.2 billion in 2016. Leading categories include: bananas and plantains ($457 million), nursery products ($243 million), cocoa beans ($167 million), processed fruit & vegetables ($128 million), and other fresh fruit ($57 million).

Trade Balance

  • The U.S. goods trade deficit with Ecuador was $1.9 billion in 2016, a 14.1% increase ($236 million) over 2015.

Investment

  • U.S. foreign direct investment (FDI) in Ecuador (stock) was $429 million in 2015 (latest data available), a 25.5% decrease from 2014. U.S. direct investment in Ecuador is led by mining, wholesale trade, and manufacturing.
     
  • No data on Ecuador's FDI in the U.S. are available.
     
  • Sales of services in Ecuador by majority U.S.-owned affiliates were $1.2 billion in 2014 (latest data available), while sales of services in the United States by majority Ecuador-owned firms were $2 million.