Ecuador Export Data
The Republic of Ecuador is another name for Ecuador. It is situated in South America's northwest region. Ecuador is bordered by Colombia, Peru, and the Pacific Ocean, among other two nations. In terms of land area, Ecuador ranks ninth among the countries in South America. Ecuador, whose total land size is roughly 283,561 km^2, is ranked 78th in terms of area. According to Ecuador's trade statistics and trade data for 2023, out of 226 countries, the country ranked 69th in the world for total commodities exported. Ecuador is a prosperous South American nation recognized for a wide variety of exports. Ecuador is renowned for having a vast natural resource base and a diverse economy. The nation has made a name for itself as a significant participant in international trade over time. Ecuador's advantageous location and business-friendly atmosphere have allowed it to effectively broaden its export market.
According to Ecuador’s export data, Ecuador exported goods worth a total of $31.1 billion in 2023. Ecuador's goods exports declined by 12% in comparison to the previous year. The total GDP of Ecuador is $118.85 billion, with a GDP export share of 29.2%. Based on Ecuador’s customs data and shipment data, mineral fuel and oils are Ecuador’s biggest imports, while the USA is its biggest import partner. Ecuador's trade activities play a huge part in its exports. Ecuador is a part of trading blocs such as Mercosur, CAN, and WTO. Let us explore more about Ecuador's export data and gain insights about its key export trends in 2023.