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Ecuador

Ecuador ranked No. 40 in total trade value through February with a total of $1.99 billion. Exports totaled $918.06 million and Imports totaled $1.07 billion, a deficit of $155.92 million.

January – February 2019

Top Trading Ports

Total Trade: $1.99 billion

RankPortTotal YTD
1Port of El Segundo, Calif. $228,411,219
2Miami International Airport $225,781,866
3Port of Houston $221,392,326
4Shell Oil Terminal, Martinez, Calif. $147,826,369
5Port of New Orleans $111,886,955
6Port Miami $101,118,953
7Port of Long Beach $98,248,755
8Port of Richmond, Calif. $85,300,565
9Port of Los Angeles $66,588,679
10Port of New York $65,093,889

U.S. trade with Ecuador rose to $1.99 billion through February

Ecuador’s trade with the United States rose to $1.99 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.07 percent above its total trade during the same time period last year. Ecuador’s exports increased 16.46 percent while imports rose 12.1 percent. The U.S. deficit with Ecuador was $155.92 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of El Segundo, Calif.; No. 2 Miami International Airport; No. 3 Port of Houston; No. 4 Shell Oil Terminal, Martinez, Calif.; and No. 5 Port of New Orleans. 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 Los Angeles and No. 5 Port of Corpus Christi, Texas. In the current time period, the top five accounted for 46.95 percent of Ecuador’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of El Segundo, Calif. rose 240.89 percent to $228.41 million.
    There were no exports. Imports rose 240.89 percent to $228.41 million.
  • Trade with No. 2 Miami International Airport rose 14.29 percent to $225.78 million.
    Exports rose 5.53 percent to $112.55 million. Imports rose 24.56 percent to $113.23 million.
  • Trade with No. 3 Port of Houston fell 22.95 percent to $221.39 million.
    Exports fell 28.61 percent to $191.9 million. Imports rose 58.98 percent to $29.49 million.
  • Trade with No. 4 Shell Oil Terminal, Martinez, Calif. fell 38.6 percent to $147.83 million.
    There were no exports. Imports fell 38.6 percent to $147.83 million.
  • Trade with No. 5 Port of New Orleans rose 356.37 percent to $111.89 million.
    Exports rose 360.44 percent to $110.28 million. Imports rose 184.1 percent to $1.61 million.

Ecuador ranked No. 40 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 47.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Ecuador by value through February were the categories of Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; Soybean oilcake, other solid residue, not ground; Cell phones, related equipment; and Misc. uncoated kraft paper, paperboard, respectively. They accounted for 57.06 percent of total exports to Ecuador.

The value of the top five categories of U.S. imports from Ecuador –– Oil; Fresh-cut flowers; Bananas and plantains, fresh or dried; Shrimp, other crustaceans; and Salvage –– accounted for 80.04 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 6.67 percent compared to last year to $354.24 million.
  • Petroleum gases, other gaseous hydrocarbons rose 54.43 percent compared to last year to $60.54 million.
  • Soybean oilcake, other solid residue, not ground rose 347.53 percent compared to last year to $54.93 million.
  • Cell phones, related equipment rose 31.72 percent compared to last year to $32.66 million.
  • Misc. uncoated kraft paper, paperboard fell 2.04 percent compared to last year to $21.51 million.

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

  • Oil rose 23.81 percent compared to last year to $606.72 million.
  • Fresh-cut flowers rose 10.63 percent compared to last year to $76.9 million.
  • Bananas and plantains, fresh or dried fell 14.29 percent compared to last year to $71.92 million.
  • Shrimp, other crustaceans fell 28.16 percent compared to last year to $68.86 million.
  • Salvage rose 9.33 percent compared to last year to $35.26 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.