In October, exports grew 31% and imports 40%

The trend continues. Between January and October of this year, total exports reached $ 21,558.5, 31.0% higher than in the same period in 2020, according to the latest report from the Central Bank of Ecuador (BCE).

After the pandemic, foreign trade reflects greater dynamism this year.

Oil exports increased by 78.4%, while non-oil exports in the analysis period increased 14.7%, reaching $ 14,067.8 million.

In the case of non-oil companies, products such as shrimp and tuna remain with the fastest growing this year. In the case of the first product, sales totaled $ 4,174 million until October; that meant 31.7% more, leaving behind bananas ($ 2,892 million, which until October sold 7% less. 

In tuna and fish, on the other hand, $ 302.6 million were billed, and in canned they were $ 1,060 million more, which is equivalent to increases in shipments of 11.2% and 7.3%. respectively. 

Imports are growing at a faster rate. In the period from January to October 2021, total purchases from Ecuador to the world reached $ 19,226.5 million, a higher level of $ 5,507.2 million (40.1%), in relation to external purchases made in the similar period of 2020.

The Total Trade Balance registered a surplus of $ 2,332.0 million, $ 406.9 million less than the result obtained in the same period of 2020.