1.  Overview the trade of ECUADOR in goods current year until 202305

According to Dalian Infobank, in 202305, ECUADOR's exports and imports of goods amounted to 5070.4630 million, and were down 8.64% comparing with the same period of last year. Among these, exports were down 7.23% at 2638.2824 million, and imports were down 10.13% at 2432.1805 million. And the corresponding trade surplus was 206.1019 million and up 49.89%.

During the current year until 202305, ECUADOR's total exports and imports of goods were 24371.8988 million and were down 10.02% comparing to the same period of last year. Among these, exports were 12628.1955 million and down 8.63%; imports were 11743.7033 million and down 11.48%. The total trade surplus was 884.4922 million and up 59.52%.

If considering by country (region), UNITED STATES, CHINA, PANAMA, COLOMBIA, PERU were ECUADOR's top five trading partners. During the current year until 202305, ECUADOR's imports and exports to five countries/territories were 6267.3766 million, 4949.7145 million, 1502.6771 million, 1146.4504 million, 770.2728 million. These values correspond to 25.72%, 20.31%, 6.17%, 4.70%, 3.16% of ECUADOR's imports and exports, and, respectively, were down 11.90%, down 7.29%, down 21.27%, down 5.44%, down 10.32% comparing to the same period of last year.

Current year until 202305, ECUADOR and the top five trade partners UNITED STATES, CHINA, PANAMA, RUSSIA, CHILE are the top five countries/territories that ECUADOR exports to in terms of the total export amount. During the current year until 202305, ECUADOR's exports to these five countries/territories were 3115.3573 million, 2627.9411 million, 1463.3094 million, 436.1270 million, 391.8795 million. These values correspond to 24.67%, 20.81%, 11.59%, 3.45%, 3.10% of ECUADOR's exports and, respectively, were down 18.81%, up 9.42%, down 22.32%, up 7.73%, down 25.85% comparing with the same period of last year.

Current year until 202305, ECUADOR's exports to top five countries/territories UNITED STATES, CHINA, COLOMBIA, BRAZIL, PERU are the top five countries/territories that ECUADOR imports from in terms of the total export amount. During the current year until 202305, ECUADOR's imports from these five countries/territories were 3152.0193 million, 2321.7734 million, 825.3452 million, 499.9322 million, 450.3555 million. These values correspond to 26.84%, 19.77%, 7.03%, 4.26%, 3.83% of ECUADOR's total imports and, respectively, were down 3.82%, down 20.96%, up 1.19%, down 15.03%, down 1.13% comparing with the same period of last year.

During the current year until 202305, the trade surplus of ECUADOR was mainly from PANAMA, RUSSIA, CHINA, UNITED ARAB EMIRATES, NETHERLANDS at 1423.9417 million, 355.1693 million, 306.1677 million, 257.7176 million, 257.0387 million, and down 23.39%, up 119.20%, down 157.15%, up 132.13%, up 42.46%. And the trade deficits were mainly from COLOMBIA, BRAZIL, SOUTH KOREA, MEXICO, JAPAN at 504.2400 million, 455.8482 million, 285.4278 million, 223.8923 million, 171.4753 million, and up 20.38%, down 16.10%, down 31.86%, down 5.99%, up 181.62%.

Current year until 202305, ECUADOR's trade surplus or deficit with top five countries/territories During the current year until 202305,  commodities with hs2 codes, 27, 03, 08, 84, 87, were ECUADOR's top five traded commodities. They correspond to the import and export values of 6102.5644 million, 3391.6582 million, 1886.7712 million, 1235.1550 million, 1065.6527 million, which were down 23.70%, up 1.18%, up 13.90%, down 4.91%, down 3.00% comparing with the same period of last year and account for 25.04%, 13.92%, 7.74%, 5.07%, 4.37% of ECUADOR's total imports and exports.

During the current year until 202305, 27, 03, 08, 26, 71 were ECUADOR's top five traded commodities, with total import and export values of 3346.4067 million, 3324.1768 million, 1831.3679 million, 782.1256 million, 561.6566 million. These values correspond to 26.50%, 26.32%, 14.50%, 6.19%, 4.45% of ECUADOR's total exports and, respectively, were down 33.31%, up 0.69%, up 15.22%, down 1.34%, up 77.07% comparing to the same period of last year.

During the current year until 202305, 27, 84, 87, 85, 23 were ECUADOR's top five traded commodities, with total import values of 2756.1577 million, 1213.7276 million, 1064.5299 million, 764.1962 million, 660.5257 million. These values correspond to 23.47%, 10.34%, 9.06%, 6.51%, 5.62% of ECUADOR's total exports and, respectively, were down 7.52%, down 4.45%, down 2.84%, down 13.35%, up 4.46% comparing to the same period of last year.

2. Current year until 202305, ECUADOR binational trade profile

According to Dalian Infobank, during the current year until 202305, ECUADOR-China binational exports and imports of goods amounted to 4949.7145 million and were down 7.29% comparing with the same period of last year. Among these, exports from ECUADOR to China were 2627.9411 million and up 9.42%, imports from China to ECUADOR were 2321.7734 million and down 20.96%. The total binational trade surplus was 306.1677 million and down 157.15%.

During the urrent year until 202305, commodities with hs2 code, 03, 26, 84, 85, 87, were binational trade's top five traded commodities. They correspond to import and export values of 1930.4147 million, 535.1078 million, 440.6346 million, 395.7253 million, 365.7966 million and makes up 39.00%, 10.81%, 8.90%, 7.99%, 7.39% of the total binational imports and exports. These values were also up 18.31%, down 4.34%, down 13.43%, down 13.55%, down 19.91% comparing to the same period last year.

During the current year until 202305, 03, 26, 08, 44, 23 were the top five traded commodities exported to China from ECUADOR, with export values of 1929.4577 million, 535.0878 million, 60.1539 million, 50.3892 million, 16.7624 million. These values account for 73.42%, 20.36%, 2.29%, 1.92%, 0.64% of ECUADOR's total exports and were up 18.30%, down 4.08%, up 16.36%, up 1.98%, up 13.93% comparing to the same period of last year.

During the current year until 202305, 84, 85, 87, 72, 39 were ECUADOR's top five traded commodities importing from China , with import values of 440.5453 million, 395.6266 million, 365.7952 million, 159.0081 million, 122.7951 million. These values account for 18.97%, 17.04%, 15.75%, 6.85%, 5.29% of ECUADOR's total imports and were down 13.43%, down 13.54%, down 19.91%, down 30.70%, down 29.25% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Central Bank of Ecuador