Vietnam, the new strong ally of Ecuador

Vietman is a faithful buyer of Ecuadorian shrimp

Vietman became the second non-oil Ecuador partner in the last three years. Among other reasons, because of its strategic position in Asia.

According to Minister of Foreign Trade Diego Aulestia, Vietman is a faithful buyer of Ecuadorian shrimp. It was after the low production of shrimp by the early mortality syndrome, that Vietnam was forced to buy to Ecuador for processing and re-exportin it in its industry.

Non-oil exports to Vietnam rose from three million dollars in 2010 to 625.1 million dollars last year, reveal data from the Petroecuador Office for State Promotion.

Only in the first four months of 2015, sales to the eastern country totaled $ 301 million. Imports in the same period amounted to nearly 23.5 million. That is, there is a positive trade balance of $ 277.52 million, the largest in Ecuador so far this year.

The second best non-oil result in the country responds to trade with Russia. From January to April it was 225.6 million, according to data from the Central Bank. In this country, 90% of banana is Ecuadorian. On the other hand, the main imports were computers, mobile phones and fiber fishing nets.

Sources: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8163686&idcat=38269&tipo=2