Import/Export, Business and Trade in Ecuador
Ecuador's economy is mainly based on mining, agriculture and fishing. The development and exporting of oil have played a dominant role in the country's economy since the early 1970's. But recently Ecuador's economy began to depend more and more on the export of cocoa and bananas, of which Ecuador is the world's largest exporter and has been for several decades.
Ecuador has substantial petroleum resources which has accounted for 40% of the country's export income and one-fourth of central government budget revenues in recent years. As a result, fluctuations in world market prices can have a substantial domestic impact.
In 2004, Ecuador imported approximately US $7.56 billion of services and goods from the United States and the United States purchased approximately US $4.20 billion of Ecuadorian exports.
Importing from Ecuador depends currently upon the destination country. The United States is the primary market for Ecuadorian exports as well as Ecuador's largest supplier of imports.
Ecuador's main export commodities are petroleum, bananas, cut flowers and shrimps. Its main export partners are the United States, Panama, Peru and Italy. Its main import commodities are vehicles, medicinal products, telecommunications equipment and electricity. The main import partners are the United States, Columbia, China, Venezuela, Brazil, Chile, Japan and Mexico.
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User Comments & Reviews
2010-08-23 18:39:07
I am a bangladeshi national, living in SOUTH AFRICA since 2001. Now i am preparing to move ECUADOR with my family. Pls email me with your valuable advices as i will for u... mohammedsayf@yahoo.com
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2010-07-24 04:57:50
Dear Habib, I am moving to Ecuador and can cooperate with you in your business. Fahad
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2010-06-06 21:49:14
ineed to hook up with an ecuadorian business man on to advice me to know what to buy frm ecuador iam from nigeria
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2010-05-24 17:09:33
Dear Sir, My name is Habib Haq residing in New Your science 1980 with my family. Now I have establish business in Bangladesh in Garments sector, we buy lots and export them various countries, we are looking for business partner or Dealer in Ecuador, we are going to invest money to do all necessary work involve. Our intention to establish business, we can supply Textile, Carpets, Handy crafts, House Decorative items interior Exterior, Gardening items, artificial Flour, etc. your kind respond on the above regards will be very much appreciated. Thank you
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2010-04-01 15:50:25
i just need to be in Ecuador by 30th of Aplril. i understand i dont need visa to Ecuador from Nigeria.DO i need to get invitation letter from a businees partner before living.if so can any one help asap.
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2010-01-26 15:28:16
I am interested too, so would you give me your e mail?
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2009-10-31 08:51:38
I am interested to business cooperation with ecuador business men. If anybody interested she/he can contact with me by my mail.
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