INSUBCONTINENT EXCLUSIVE:
2025.This means the country sold far more products abroad than it bought from other countries
Shrimp exports led the way, bringing in $1.4 billion in five months
China remained the top destination but bought less than before.Meanwhile, Europe and the United States bought more Ecuadorian shrimp than in
Cocoa became a major highlight
Surging prices and weak harvests in West Africa pushed global prices above $8,000 per ton.Ecuador took advantage and exported $956 million
after shrimp.Ecuador Finds Strength Beyond Oil as Exports Diversify and Trade Surplus Grows in Early 2025
(Photo Internet reproduction)Banana exports also grew, up 28 percent in value in May
Canned fish saw similar growth earlier this year
Overall, the share of non-oil exports hit 68 percent of all sales abroad.At the same time, Ecuadorian companies imported more raw materials
and machinery, signaling local investment and activity
By value, imports of raw materials rose nearly 25 percent and capital goods more than 12 percent compared to last year.A trade agreement
with China, effective since 2024, continues to open new doors for Ecuadorian businesses
Although the United States added a 10 percent tariff on Ecuadorian shrimp, exports there still rose thanks to shifting demand and business
flexibility.These trade results show Ecuador is moving away from depending mainly on oil
in boost Ecuadorian business, banks, and rural workers
commodities like oil falter.
