International Trade in Ecuador

International Trade in Ecuador

Ecuador has been performing well since it adopted the US Dollar as its national currency in 2000. Its economy is primarily based on oil which accounts for nearly 50% of its total export income, and the agricultural production. As a matter of fact, Ecuador is the world's largest exporter of... Read more

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Market Analyses About Ecuador (80)

Import and Export Services in Ecuador (253)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Ecuador

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • AntiTrust Consultores & Abogados

    AntiTrust Consultores & Abogados

    Mergers and Acquisitions, Ecuador

    AntiTrust Consultants & Attorneys is the first firm in Ecuador that specializes in antitrust law and regulation. Our team of experts...

Business Tips About Ecuador (7)

Agents and Distributors in Ecuador (15)

  • Yann Paré, Yann Paré

    Sales Agents, Ecuador

    Sourcing and procurement service including supplier verification, product sourcing, quality assurance, shipping arrangement - Agent and...
  • Peacock Trading

    Peacock Trading

    Commodity Sales and Distribution, Ecuador

    We are specialized in international marketing of food products company , raw materials for the manufacture of human foods, additives and...

Overview About International Trade in Ecuador

Economic Overview

Ecuador has been performing well since it adopted the US Dollar as its national currency in 2000. Its economy is primarily based on oil which accounts for nearly 50% of its total export income, and the agricultural production. As a matter of fact, Ecuador is the world's largest exporter of bananas and a major exporter of farmed shrimp. The primary sector contributes to less than 10% to GDP. As for the industry, it represents almost one third of GDP and more than one fifth of employment. The service sector contributes to less than two thirds of Ecuador's wealth and employs more than two thirds of its active population. 

Nevertheless, Ecuador, member of the OPEC, has not managed to obtain maximum profit from the development of its oil reserves. The country's economy is facing problems such as insufficient investments, corruption in the public sector of oil production and poor management in general. 

In 2009, economic growth was lower than expected due to the drop in oil prices and the global financial situation . However, in 2010 the country came out of the recession with a growth of almost 3% and this trend should continue in 2011. Rafael Correa's government has not...

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