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.

Tags:

business, ecuador, trade, import, export

 



User Comments & Reviews: 13 Comment(s)

Page 1 of 3

Jorge Meza - 2011-03-26 03:04:45

Hi there, I'm looking for somebody who will be able to invest money in a bussines in Ecuador. I would lke to start a company that will offer service in Controls, automation of HVAC, security, access controls and integration of electrical systems in Ecuador. please if you are interested let me know this will be a very good bussines. I've been researching about this and i work for a company that does this type of bussines in the USA.

What are you looking at doing?I consult, I analyze, then I make a move.Do you speak Spanish?I have information on about anything you dream of doing>I'm into helping people and to make life better for people. If your into helping people, perhaps even protecting people. I'll want to have business with you. I live in Alaska, and it's freaking cold!South America is where I'm headed!

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John Willis - 2011-02-15 01:07:38

i'am also interested in opening a business in ecuador where i can import/export merchandise from USA. any advise on this would be very much appreciated my email is sgarces81@hotmail.com. any suggestions on what kind of products and the process involved in this?
What are you looking at doing?I consult, I analyze, then I make a move.Do you speak Spanish?I have information on about anything you dream of doing>I'm into helping people and to make life better for people. If your into helping people, perhaps even protecting people. I'll want to have business with you. I live in Alaska, and it's freaking cold!South America is where I'm headed!

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Jaime Landeta - 2011-01-20 14:24:03

IEstoy buscando una agencia de ventas al por mayor para articulos de ropa interior de hombre y mujer de alta calidad, manufacurados en Canada. La agencia se encargaria de vender a cadenas de almacenes y tiendas independientes para ser pagados en comisiones. La agencia tambien se tendra que encargar de la importacion y distribucion de las ordenes. Estos costos serian incluidos en la comision que seria determinada a su debido tiempo. Los productos de mi compania son muy cotizados en Canada, The USA, Europa y Asia. Una de las ventajas es la completa fabricacion en Canada.

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