Ecuador
U.S.-Ecuador Trade Facts
Ecuador is currently our 40th largest goods trading partner with $15.7 billion in total (two way) goods trade during 2011. Goods exports totaled $6.1 billion; Goods imports totaled $9.6 billion. The U.S. goods trade deficit with Ecuador was $3.6 billion in 2011.
Exports
Ecuador was the United States' 42nd largest goods export market in 2011.
U.S. goods exports to Ecuador in 2011 were $6.1 billion, up 12.0% ($648 million) from 2010, and up 484% from 2000.
The top export categories (2-digit HS) in 2011 were: Mineral Fuel (oil) ($2.3 billion), Machinery ($1.1 billion), Electrical Machinery ($427 million), and Plastic ($290 million), and Vehicles (256 million).
U.S. exports of agricultural products to Ecuador totaled $340 million in 2011. Leading categories include: soybean meal ($86 million), coarse grains ($52 million), and wheat ($32 million).
Imports
Ecuador was the United States' 35th largest supplier of goods imports in 2011.
U.S. goods imports from Ecuador totaled $9.6 billion in 2011, a 29.1% increase ($2.2 billion) from 2010, and up 335% from 2000.
The five largest import categories in 2011 were: Mineral Fuel (crude) ($7.5 billion) Fish and Seafood (shrimp and prawns) ($673 million), Edible Fruit and Nuts (bananas, plantains) ($511 million), cocoa ($247 million), and Live Trees and Plants (cut flowers-roses) ($149 million).
U.S. imports of agricultural products from Ecuador totaled $1.1 billion in 2011. Leading categories include: bananas and plantains ($465 million), cocoa beans ($235 million), and nursery products (cut flowers) ($149 million).
Trade Balance
The U.S. goods trade deficit with Ecuador was $3.6 billion in 2011, a 74.6% increase ($1.5 billion) over 2010.
Historical Trade Data
U.S. Goods Trade with Ecuador (in billions of dollars)
|
1980 |
1985 |
1990 |
1994 |
2000 |
2008 |
2009 |
2010 |
2011 |
Balance |
0.0 |
-1.2 |
-0.7 |
-0.5 |
-1.2 |
- 5.6 |
-1.3 | -2.0 | -3.6 |
Exports |
0.9 |
0.6 |
0.7 |
1.2 |
1.0 |
3.5 | 3.9 | 5.4 | 6.1 |
Imports |
0.9 |
1.8 |
1.4 |
1.7 |
2.2 |
9.0 | 5.3 | 7.5 | 9.6 |
Investment
U.S. foreign direct investment (FDI) in Ecuador (stock) was $1.3 billion in 2010 (latest data available), a 3.4% increase from 2009.
U.S. direct investment in Ecuador is led by the manufacturing and mining sectors.
Ecuador’s FDI in the United States (stock) was $76 million in 2010 (latest data available), up 162.1% from 2009.
NOTE: No services trade data with Ecuador is available.
2/21/12