U.S.-Ecuador Trade Facts
In 2019, Ecuador GDP was an estimated $107.9 billion (current market exchange rates); real GDP was down by an estimated 0.1%; and the population was 17 million. (Source: IMF)
Ecuador is currently our 41st largest goods trading partner with $12.5 billion in total (two way) goods trade during 2019. Goods exports totaled $5.5 billion; goods imports totaled $7.0 billion. The U.S. goods trade deficit with Ecuador was $1.4 billion in 2019.
- Ecuador was the United States' 42nd largest goods export market in 2019.
- U.S. goods exports to Ecuador in 2019 were $5.5 billion, down 6.2% ($368 million) from 2018 but up 40.6% from 2009.
- The top export categories (2-digit HS) in 2019 were: mineral fuels ($2.7 billion), machinery ($576 million), electrical machinery ($363 million), plastics ($255 million), and food waste ($248 million).
- U.S. total exports of agricultural products to Ecuador totaled $473 million in 2019. Leading domestic export categories include: soybean meal ($185 million), wheat ($90 million), feeds & fodders not elsewhere specified or indicated ($32 million), cotton ($19 million), and prepared food ($17 million).
- Ecuador was the United States' 37th largest supplier of goods imports in 2019.
- U.S. goods imports from Ecuador totaled $7.0 billion in 2019, up 3.2% ($215 million) from 2018, but up 32% from 2009.
- The top import categories (2-digit HS) in 2019 were: mineral fuels ($4.3 billion), fish and seafood (crustraceans) ($643 million), edible fruit & nuts (bananas, plantains) ($440 million), live trees and plants ($273 million), and special other (low value estimates) ($215 million).
- U.S. total imports of agricultural products from Ecuador totaled $1.1 billion in 2019. Leading categories include: bananas and plantains ($363 million), nursery products ($273 million), processed fruit & vegetables ($161 million), cocoa beans ($116 million), and other fresh fruit ($61 million).
- The U.S. goods trade deficit with Ecuador was $1.4 billion in 2019, a 69.8% increase ($583 million) over 2018.
- U.S. foreign direct investment (FDI) in Ecuador (stock) was $619 million in 2019, a 14.3% decrease from 2018. U.S. direct investment in Ecuador is led by mining, finance and insurance, and wholesale trade.
- Ecuador's FDI in the United States (stock) was $48 million in 2019, up 60.0% from 2018. There is no information on the distribution of Ecuador FDI in the U.S.
- Sales of services in Ecuador by majority U.S.-owned affiliates were $1.0 billion in 2017 (latest data available). There were no sales of services in the United States by majority Ecuador owned firms in 2017.
NOTE: No services trade data with Ecuador are available.