Ecuador

Ecuador ranked No. 41 in total trade value through May with a total of $4.25 billion. Exports totaled $1.84 billion and Imports totaled $2.41 billion, a deficit of $572.91 million.

U.S. trade with Ecuador rose to $3.81 billion through May

Ecuador’s trade with the United States rose to $3.81 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.39 percent below its total trade during the same time period last year. U.S. exports to Ecuador decreased 12.48 percent while U.S. imports from Ecuador rose 6.95 percent. The U.S. deficit with Ecuador was $522.96 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Shell Oil Terminal, Martinez, Calif.; No. 4 Port of Long Beach; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Miami Int’l Airport; No. 3 Shell Oil Terminal, Martinez, Calif.; No. 4 Port of El Segundo, Calif. and No. 5 Port of Long Beach. In the current time period, the top five accounted for 43.98 percent of Ecuador’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 13.99 percent to $456 million.
    Exports fell 19.57 percent to $224.79 million. Imports fell 7.78 percent to $231.21 million.
  • Trade with No. 2 Port of Houston fell 39.4 percent to $401.96 million.
    Exports fell 42.32 percent to $351.02 million. Imports fell 6.92 percent to $50.93 million.
  • Trade with No. 3 Shell Oil Terminal, Martinez, Calif. fell 20.72 percent to $377.33 million.
    Exports totaled $38.82 million. Imports fell 28.88 percent to $338.5 million.
  • Trade with No. 4 Port of Long Beach rose 16.77 percent to $346.08 million.
    Exports fell 50.39 percent to $7.14 million. Imports rose 20.2 percent to $338.95 million.
  • Trade with No. 5 Port of Los Angeles rose 106.76 percent to $286.77 million.
    Exports fell 54.5 percent to $10.27 million. Imports rose 138.09 percent to $276.51 million.

Ecuador ranked No. 41 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 41.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Ecuador by value through May were the categories of Gasoline, other fuels; LNG, other petroleum gases; Soybean oilcake, other solid residue, not ground; Cell phones, related equipment; and Misc. uncoated kraft paper, paperboard, respectively. They accounted for 56.55 percent of total exports to Ecuador.

The value of the top five categories of U.S. imports from Ecuador –– Oil; Shrimp, other crustaceans; Bananas and plantains, fresh or dried; Gasoline, other fuels; and Fresh-cut flowers –– accounted for 74.49 percent of all inbound shipments.

Looking more closely at U.S. exports to Ecuador:

  • Gasoline, other fuels fell 25.97 percent compared to last year to $682.63 million.
  • LNG, other petroleum gases fell 25.88 percent compared to last year to $128.2 million.
  • Soybean oilcake, other solid residue, not ground fell 8.35 percent compared to last year to $97.69 million.
  • Cell phones, related equipment fell 2.54 percent compared to last year to $65.54 million.
  • Misc. uncoated kraft paper, paperboard rose 14.3 percent compared to last year to $64.83 million.

Looking more closely at U.S. imports from Ecuador:

  • Oil fell 21.77 percent compared to last year to $1.12 billion.
  • Shrimp, other crustaceans rose 1.85 percent compared to last year to $214.99 million.
  • Bananas and plantains, fresh or dried rose 7.65 percent compared to last year to $176.8 million.
  • Gasoline, other fuels rose 2698.61 percent compared to last year to $151.88 million.
  • Fresh-cut flowers fell 14.63 percent compared to last year to $132.69 million.

In the latest annual figures available, Ecuador recorded $12.49 billion in trade with the United States. Total U.S. exports to Ecuador were $ 5.53 billion and imports from Ecuador were $6.95 billion. The U.S. deficit with Ecuador was $1.42 billion.