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Ecuador

Ecuador ranked No. 41 in total trade value through August with a total of $8.27 billion. Exports totaled $3.74 billion and Imports totaled $4.53 billion, a deficit of $790.03 million.

January – August 2019

Top Trading Ports

Total Trade: $8.27 billion

RankPortTotal YTD
1Port of Houston $1,066,283,146
2Miami International Airport $809,972,024
3Shell Oil Terminal, Martinez, Calif. $687,630,176
4Port of El Segundo, Calif. $673,481,629
5Port of Long Beach $673,086,682
6Port Miami $427,177,719
7Port of San Francisco, Calif. $328,091,174
8Port of Los Angeles $326,128,471
9Port of New Orleans $288,461,795
10Port of New York $279,396,877

U.S. trade with Ecuador rose to $8.27 billion through August

Ecuador’s trade with the United States rose to $8.27 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.08 percent above its total trade during the same time period last year. U.S. exports to Ecuador decreased 1.73 percent while U.S. imports from Ecuador rose 1.62 percent. The U.S. deficit with Ecuador was $790.03 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Miami International Airport; No. 3 Shell Oil Terminal, Martinez, Calif.; No. 4 Port of El Segundo, Calif.; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Shell Oil Terminal, Martinez, Calif. No. 3 Miami International Airport No. 4 Port of El Segundo, Calif. and No. 5 Port of Long Beach. In the current time period, the top five accounted for 47.28 percent of Ecuador’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 6.32 percent to $1.07 billion.
    Exports fell 5.69 percent to $956.83 million. Imports fell 11.49 percent to $109.46 million.
  • Trade with No. 2 Miami International Airport rose 1.65 percent to $809.97 million.
    Exports fell 5.43 percent to $448.93 million. Imports rose 12.08 percent to $361.04 million.
  • Trade with No. 3 Shell Oil Terminal, Martinez, Calif. fell 25.11 percent to $687.63 million.
    There were no exports. Imports fell 25.11 percent to $687.63 million.
  • Trade with No. 4 Port of El Segundo, Calif. rose 16.34 percent to $673.48 million.
    There were no exports. Imports rose 16.34 percent to $673.48 million.
  • Trade with No. 5 Port of Long Beach rose 26.03 percent to $673.09 million.
    Exports fell 28.65 percent to $20.99 million. Imports rose 29.22 percent to $652.1 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. 42.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Ecuador by value through August were the categories of Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; Soybean oilcake, other solid residue, not ground; Cell phones, related equipment; and Low value shipments, respectively. They accounted for 56.41 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; Fresh-cut flowers; and Salvage –– accounted for 79.14 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 3.13 percent compared to last year to $1.53 billion.
  • Petroleum gases, other gaseous hydrocarbons fell 2.86 percent compared to last year to $264.02 million.
  • Soybean oilcake, other solid residue, not ground rose 53.91 percent compared to last year to $132.96 million.
  • Cell phones, related equipment fell 17.32 percent compared to last year to $103.92 million.
  • Low value shipments fell 0.59 percent compared to last year to $83.83 million.

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

  • Oil fell 3.55 percent compared to last year to $2.62 billion.
  • Shrimp, other crustaceans rose 4.68 percent compared to last year to $363.8 million.
  • Bananas and plantains, fresh or dried fell 5.98 percent compared to last year to $258.42 million.
  • Fresh-cut flowers rose 6.55 percent compared to last year to $200.11 million.
  • Salvage rose 4.19 percent compared to last year to $144.85 million.

In the latest annual figures available, Ecuador recorded $11.16 billion in trade with the United States. At year’s end, its were Los Angeles; Houston; Miami; San Francisco; and New Orleans. Total U.S. exports to Ecuador were $ 4.78 billion and imports from Ecuador were $6.38 billion. The U.S. deficit with Ecuador was $1.6 billion.