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.
Excavations in Ecuador have revealed pieces of pottery with the imprint of woven textile on them. It is apparent that yarn was spun on spindles and spun into cloth even during the time of the Incas. Textiles obviously were of great importance in Ecuador and have been since then.