The trade balance between Ecuador and Mexico is in deficit

The trade balance -of non-oil products- between Ecuador and Mexico is in deficit. That is, Ecuador imports more products in relation to those it exports.

Ecuador and Mexico broke bilateral relations.

Data from the Ministry of Production, Foreign Trade, Investments and Fisheries indicate that between January and December 2023 the deficit was USD -499 million.

The main products that Ecuador imports from the Mexican nation are: medicines, household appliances, malt extract and flour preparations, and others (light vehicles, tires and more).

Meanwhile, Ecuador exports cocoa, vegetable extracts and oils, canned fish and others (lead and copper concentrate, leather, plastic and rubber manufactures).

Mexico is in the ‘top’ 10 of the main export destinations for non-oil and non-mining products.  

Figures from the Ministry of Production, Foreign Trade, Investment and Fisheries indicate that the Aztec nation was ranked number nine in January 2024. 

So exports -non-oil and non-mining- were USD 23 million. This represents an annual variation of 266.5%, in relation to the same period in 2023. This means that it had a share of 1.6% of total exports.

The main export destinations for non-petroleum and non-mining products from Ecuador are the United States, the European Union and China, in that order.