Ecuador faces a trade deficit of more than $1 billion

Ecuador presented a deficit (the difference between what was sold and purchased from abroad) of $1.018 million between January and October of 2013, as a result of the negative balance  with more than 13 countries where the main was China.

During the first 10 months of the year, Asia was the region with which the country had the biggest disadvantage, Ecuador exported only 1.741 million dollars in products, while its imports reached $5.362.

According to figures from the Central Bank of Ecuador (BCE) the biggest difference comes from countries such as China, where Ecuador barely managed to sell $505 billion, compared with the he $2.751 imported.

These figures indicate that at the level of Latin America, Ecuador has disadvantages with Mexico, Brazil and Panama, with balances in red of $700 million, $600 million and $425 million, respectively.

The difference is accentuated in Chile and Venezuela, both with a surplus of 507 million and $ 356 million. A similar situation arises with countries of the Andean Community as Peru (-$ 934), Colombia ($ 754) and Bolivia (-$63 million).