ECB reported 2.5% decline in imports

Total imports (in dollars) dropped 2.5% in the first two months of this year compared to the same period of 2013, according to a report from the Central Bank of Ecuador (BCE).

According to the trade balance, purchases made in millions of dollars into consumer goods fell by 6.5% overall. However, the amount of tons that entered the country was higher at 19.6%.

In the case of raw materials and capital goods, products related to the industry, both figures in tons and in dollars fell. Was purchased 6.1% fewer tons of raw materials and 6.6% fewer in capital goods.

The decline in imports is a trend that has been noticed since early this year and economic analysts have linked to the new import regulations imposed by the Comex in December last year.