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Ecuador

Ecuador FlagU.S.-Ecuador Trade Facts

Ecuador is currently our 37th largest goods trading partner with $13 billion in total (two way) goods trade during 2015. Goods exports totaled $5.9 billion; goods imports totaled $7.4 billion. The U.S. goods trade deficit with Ecuador was $1.5 billion in 2015.

According to the Department of Commerce, U.S. exports of goods to Ecuador supported an estimated 28 thousand jobs in 2014 (latest data available).

Exports

  • Ecuador was the United States' 39th largest goods export market in 2015.
     
  • U.S. goods exports to Ecuador in 2015 were $5.9 billion, down 28% ($2.3 billion) from 2014 but up 200% from 2005. 
     
  • The top export categories (2-digit HS) in 2015 were: mineral fuels ($2.8 billion), machinery ($748 million), electrical machinery ($385 million), plastics ($255 million), and food waste, animal feed (soybean residues) ($179 million).
     
  • U.S. exports of agricultural products to Ecuador totaled $360 million in 2015. Leading categories include: soybean meal ($150 million), wheat ($70 million), feeds & fodders  ($21 million), cotton ($16 million), and prepared food ($14 million).

Imports

  • Ecuador was the United States' 35th largest supplier of goods imports in 2015.
     
  • U.S. goods imports from Ecuador totaled $7.4 billion in 2015, down 31% ($3.4 billion) from 2014, but up 29% from 2005. 
     
  • The top import categories (2-digit HS) in 2015 were: mineral fuels ($4.3 billion), fish and seafood (shrimp) ($762 million), precious metal and stone (gold) ($634 million), edible fruit & nuts (bananas) ($487 million), and cocoa ($310 million).
     
  • U.S. imports of agricultural products from Ecuador totaled $1.2 billion in 2015, our 29th largest supplier of agricultural imports. Leading categories include: bananas and plantains ($427 million), cocoa beans ($296 million), nursery products ($211 million), processed fruit & vegetables ($132 million), and other fresh fruit ($43 million).

Trade Balance

  • The U.S. goods trade deficit with Ecuador was $1.5 billion in 2015, a 42.5% decrease ($1.1 billion) over 2014.

Investment

  • U.S. foreign direct investment (FDI) in Ecuador (stock) was $650 million in 2014 (latest data available), a 11.9% increase from 2013. U.S. direct investment in Ecuador is led by mining, manufacturing, and wholesale trade.
     
  • No data on Ecuador's FDI in the U.S. are available.
     
  • Sales of services in Ecuador by majority U.S.-owned affiliates were $1.1 billion in 2013 (latest data available), while sales of services in the United States by majority Ecuador-owned firms were $5 million.

NOTE: No services trade data with Ecuador are available.