September 19, 2024
AGI News
Ecuador had the 64th largest economy in the world in 2023, and is a big player in world trade when it comes to the importing and exporting of goods. Please read on to find out all about the top 10 Ecuadorian imports!
How big is the import market in Ecuador?
According to data from World’s Top Exports, Ecuadorian imports totalled US$30.9 billion in 2023, with goods from the US & China accounting for over 45% of all imports.
So what are the top 10 Ecuadorian imports?
The following are the top 10 Ecuadorian imports in 2023. This top 10 accounts for over 70% of the total US$ value of all imports to Ecuador.
1. Mineral Fuels – US$7.5 billion (24.1% of total Ecuadorian imports)
2. Machinery Including Computers – US$3.1 billion (10.0% of total imports)
3. Vehicles – US$2.8 billion (9.0% of total imports)
4. Electrical Machinery & Equipment – US$2.1 billion (6.7% of total imports)
5. Food Waste & Animal Fodder – US$1.6 billion (5.2% of total imports)
6. Pharmaceuticals – US$1.3 billion (4.3% of total imports)
7. Plastics – US$1.2 billion (3.9% of total imports)
8. Articles Of Iron & Steel – US$912 million (3.0% of total imports)
9. Cereals – US$664 million (2.2% of total imports)
10. Optical, Technical & Medical Apparatus – US$655 million (2.1% of total imports)
Source: World’s Top Exports
Now we know all about the top 10 Ecuadorian imports, let’s take a look at Ecuadorian exports!
How big is the export market in Ecuador?
According to data from World’s Top Exports, Ecuadorian imports totalled US$31.1 billion in 2023, with the US, China & Panama accounting for over 55% of total exports!
So what are the top 10 Ecuadorian exports?
The following are the top 10 Ecuadorian exports in 2023. This top 10 accounts for over 60% of the total US$ value of all exports from Ecuador.
1. Mineral Fuels – US$9.0 billion (28.9% of total Ecuadorian exports)
2. Fish – US$5.7 billion (24.2% of total exports)
3. Fruits & Nuts – US$4.1 billion (13.2% of total exports)
4. Ores, Slag & Ash – US$1.9 billion (6.2% of total exports)
5. Gems & Precious Metals – US$1.4 billion (4.6% of total exports)
6. Meat & Seafood Preparations – US$1.3 billion (4.4% of total exports)
7. Cocoa – US$1.3 billion (4.2% of total exports)
8. Trees, Plants & Cut Flowers – US$1.0 billion (3.2% of total exports)
9. Wood – US$533 million (1.7% of total exports)
10. Vegetable, Fruit & Nut Preparations – US$319 million (1.0% of total exports)
Source: World’s Top Exports
So how can we help?
The importing and exporting of goods to and from Ecuador can be a complicated process, and that’s where we come in! Here at AGI, we specialise in the safe transport of cargo to and from Ecuador , and all across the world, providing you with professional road freight, sea freight, and air freight solutions. To find out more about our logistics services, and how we can help your business, please get in touch. We look forward to hearing from you, and for all of the latest AGI news, don’t forget to follow us on LinkedIn and Facebook!