Exports fell by USD 7 366 million in 2015

Image: El Comercio

2015 was a year of negative results for most Ecuadorian exports. This is shown by figures of the Central Bank of Ecuador (BCE for its Spanish acronym).

Total sales fell by 28.6% between 2014 and 2015, mainly impacted by falling oil prices and other commodities, and the appreciation of the dollar. This is equivalent to about USD 7 366 million less in that period.

Oil exports fell by half, from USD 13,016 million recorded in 2014 to 6 355 million during 2015. The largest decline occurred by the collapse of prices, but also by a 2% reduction in sales volume.

Source: http://www.elcomercio.com/actualidad/exportaciones-ecuador-comercio-bancocentral-negocios.html