Thursday July 11 2019
Ecuador Balance of Trade at -118312.00 USD Thousand
Ecuador's trade deficit narrowed to USD 118.3 million in May 2019 from USD 125.9 million in the corresponding month of the previous year. Exports rose 2 percent year-on-year to USD 1990.0 million driven by higher sales of commodity goods (1.3 percent), in particular shrimps (9.9 percent), bananas (3.2 percent), flowers (2 percent) and fish (33.9 percent); and industrial (4.7 percent), namely petroleum derivatives (53.4 percent) and chemicals & pharmaceutic products (22.5 percent). Imports went up 1.5 percent to USD 2108.4 million, boosted by higher purchases of capital goods (28.7 percent), of which industrial (12.7 percent) and transport equipment (68 percent). Meanwhile, purchases fell for consumption goods (-5.2 percent), mainly durable (-10.4 percent); commodities (-5.2 percent), mostly industrial (-10.9 percent); and fuels & lubricants (-10.1 percent).