Three of the five traditional products Ecuador sells abroad show a decline in exports. Shrimp, tuna and coffee have reduced their revenues generated by international sales between 12.7% and 19.9%, according to the Central Bank of Ecuador (BCE).
Likewise, 9 of the 21 non-traditional export items, including canned fish and mining products have also registered lower sales. In some cases up to 29.2%, like mining products, according to the BCE (Central Bank of Ecuador for its Spanish acronym).
In general, the figures up to the third semester, show a drop of 28.5% in exports, most of this impact is linked to the fall in oil prices.
However, while the previous year’s non-oil exports had gone up a 18.03% compared with the same period of 2014, now the same products show a drop of 5.6%.
According to the BCE, shrimp exports in tons rose 15.8%, but the unit price of the product fell 24.6%. In contrast, exports of bananas, a product that means 24.4% of sales abroad went up a 9.6%.