Friday December 06 2019
Ecuador Balance of Trade at -23061.00 USD Thousand
Ecuador's trade deficit narrowed to USD 23.1 million in September 2019 from USD 73.2 million in the corresponding month of the previous year. Imports declined 6.8 percent to USD 1791.2 million, mostly due to lower purchases of commodities (-7.4 percent), of which industrial (-9.2 percent), and construction materials (-6 percent); capital goods (-6.7 percent), namely industrial (-5 percent), and transport equipment (-6.7 percent); and fuels & lubricants (-16.2 percent). Exports fell 4.3 percent over a year earlier to USD 1768.1 million, mainly due to lower sales of commodity goods (-4.7 percent), in particular cacao (-16.2 percent), flowers (-1 percent) and tuna (-18.5 percent); and industrial (-2.8 percent), of which petroleum derivatives (-25.3 percent), metals (-4.5 percent), and chemicals & pharmaceutic products (-29.8 percent).