Trade Balance in Ecuador

Ecuador Trade Balance | Economic News & Forecasts

Ecuador - Trade Balance

The economy grew at a slower annual pace in Q3, amid a less favorable base effect and a marked deterioration in the external sector. That said, public consumption rose at a sharper pace, while growth in both fixed investment and consumer spending largely held its ground, despite easing somewhat. Turning to the final quarter of 2021, double-digit expansions in economic activity and merchandise exports in October–November point to a strong start to the period. Less positively, oil production tumbled for the sixth successive month in November, while downbeat consumer sentiment in October–November spells trouble for household spending. Looking ahead, an improvement in the health situation from early January bodes well for activity in Q1. Meanwhile, President Lasso is scheduled to meet with his Chinese counterpart, Xi Jinping, in February to renegotiate the terms of the country’s debt repayment to China.

Ecuador - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-3.2  0.5  -0.9  -1.5  -0.2  

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Ecuador Trade Balance Chart

Ecuador Trade
Note: Trade balance in (USD bn).
Source: Central Bank of Ecuador and FocusEconomics calculations.

Ecuador Facts

Value Change Date
Exchange Rate25,0000.0 %Dec 31

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