Ecuador import

Ecuador Import Data

Ecuador, known for its rich biodiversity and strategic location, is a country that heavily relies on international trade. Ecuador, a South American country known for its diverse flora and fauna, has a robust import market that contributes significantly to its economy. Let us explore the imports of Ecuador in the years 2022 and 2023. Automobiles, consumer goods, food, and chemical products are among the items that Ecuador imports, along with machinery and basic industrial supplies. The United States, China, Colombia, Panama, and Brazil are the top importers. Ecuador imported goods worth a total of $33 billion in 2022. Compared to the previous year, Ecuador's imports of goods rose by 28%. In 2022, imports of goods increased by $7.36 billion. In the first 10 months of 2023, Ecuador’s goods imports accounted for a total value of $73 million. By analyzing the latest data and trends, we can gain insights into the major imports of the country and predict the future of Ecuador's import data.

 Ecuador Import Data | Ecuador Customs Data

65

The country has been ranked 65th in global imports, showing a significant position in the international trade landscape and import market.

0.1%

With a mere 0.1% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

USA

The USA holds a significant role as the largest import partner of the country in terms of goods imports and import share.

MINERAL FUELS AND MINERAL OILS

Mineral fuels and mineral oils are the biggest import commodities of the country, playing a vital role in its economy.

import

Top 10 Imports of Ecuador

Ecuador's top 10 imports encompass a diverse range of goods, highlighting the country's reliance on imports to meet its domestic needs. Through robust data collection and analysis, we can obtain valuable information about the types, sources, and quantities of imported goods. Here are the top 10 imports of Ecuador in 2022:

  • Mineral fuels and mineral oils: 24.35% ($8 billion) 
  • Nuclear reactor and machinery: 9.41% ($3.11 billion)
  • Vehicles: 8.4% ($2.77 billion)
  • Electrical machinery and equipment: 6.31% ($2 billion)
  • Animal fodder: $1.63 billion (4.95%)
  • Plastics and articles thereof: 4.86% ($1.60 billion)
  • Pharmaceuticals: 3.93% ($1.29 billion)
  • Iron and steel: 3.21% ($1 billion)
  • Cereals: 2.31% ($762.31 million)
  • Miscellaneous chemical products: 2.02% ($666 million)
  • Partners

    Major Trade Partners for Ecuador’s Imports

    When it comes to import partners, Ecuador forms strong economic ties with various nations which help in the economic growth of the country. The top 10 trade partners for Ecuador's imports play a significant role in shaping the country's international trade. These partners are:

    Value In Percentage(%)

  • United States: 25% ($8.56 billion)
  • China: 22% ($7.28 billion)
  • Colombia: 6.21% ($2.05 billion)
  • Brazil: 4.01% ($1.32 billion)
  • South Korea: 3.68% ($1.21 billion)
  • Peru: 3.53% ($1.16 billion)
  • Canada: 2.58% ($854 million)
  • Mexico: 2.49% ($823 million)
  • Argentina: 2.46% ($816 million)
  • Spain: 2.4% ($796 million)
  • Sample Data

    Ecuador Import Data Statistics

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    So, as you can see that in this report, we also include the importers’/exporter's names and address details. In this comprehensive customs database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. To understand the imports of Ecuador, it is essential to rely on accurate and comprehensive import data statistics. Ecuador's import data provides valuable insights into the country's trade partners and the extent of their import activities. According to Ecuador’s customs data and import data, Ecuador imported goods worth a total of $33 billion in 2022. Compared to the previous year, Ecuador's imports of goods rose by 28%. Understanding the top trade partners is crucial for Ecuador's import-export strategies and bilateral relations. It helps identify potential growth areas and areas for improvement.

    Benefits

    Benefits of Ecuador’s Import Data

  • Expand your enterprise into the Ecuador Market.
  • Discover Ecuador's most recent product demand and price projections.
  • Examine the Shipment History of Your Rivals.
  • Give your marketing plan an approach based on data.
  • Create a powerful brand identity in Ecuador.
  • Create more ROI and long-term Business goals.
  • You’ll receive the name and address of the importer/exporter in our reports.
  • Frequently Asked Questions!!

    Based on Ecuador's import data, the major commodities for Ecuador’s imports include mineral fuels, automobiles, and machinery and electrical equipment.

    According to Ecuador’s import data, Ecuador imported goods worth $33 billion in 2022.

    Mineral fuels and mineral oils emerged as the major import commodity for Ecuador’s imports in 2023.

    Ecuador’s import data is important as it provides valuable insights into the country's trade partners and the extent of their import activities.

    The major trade partners for Ecuador’s imports had the following import value for their imported goods: United States 25% ($8.56 billion), China: 22% ($7.28 billion), Colombia 6.21% ($2.05 billion), Brazil 4.01% ($1.32 billion), South Korea 3.68% ($1.21 billion).

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