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Non-oil exports grow 7.7% until October
Posted On 29 Dec 2017
Ecuadornews:
According to ProEcuador, the trade agreement with the European Union, innovation in different sectors, international tours and fairs encouraged negotiations. From January to October 2017, Ecuadorian non-oil exports grew by 7.7% to $ 10,126 million, while in the same period of 2016 the figure was $ 9,371 million, according to Banco Central figures.
In terms of volume (tons), growth was 3.8% in the same period mentioned. According to ProEcuador, the closing of this year, in terms of non-oil exports, would be with positive figures.
The export of products such as the fresh banana Cavendish Valery type, for example, increased by 3.5%, going from $ 2,184 million in 2016 to $ 2,260 million in 2017. Meanwhile, the sale of frozen shrimp and prawns increased by 17, 1%, that is to say that from $ 2,115 million in 2016 increased to $ 2,476 million this year.
Another outstanding product is raw cocoa beans that grew 2.5%. Last year, exports of this product totaled $ 458 million, compared to $ 470 million in 2017.
Exports of canned tuna and bonitos also increased by 42.6%, from $ 604 million in 2016 to $ 861 million in 2017. Fresh cut roses increased by 5.4% from $ 517 million in 2016 to $ 545 million in 2017.
In monetary terms, the productive sectors of banana and aquaculture, flowers and plants, cocoa and processed and agroindustry, concentrated 80% of non-oil exports. In terms of volume, there is an increase in exports to the European Union (8.8%), Vietnam (28.4%), Russia (11.7%), China (9.4%), Chile (13, 7%), Argentina (23.9%) and South Korea (60.0%). (I)
