Does the US trade with Ecuador?

Published by Anaya Cole on

Does the US trade with Ecuador?

U.S.-Ecuador Trade Facts Ecuador is currently our 41st largest goods trading partner with $12.5 billion in total (two way) goods trade during 2019. Goods exports totaled $5.5 billion; goods imports totaled $7.0 billion. The U.S. goods trade deficit with Ecuador was $1.4 billion in 2019.

What goods does the United States trade with Ecuador?

The main products that United States exported to Ecuador are Refined Petroleum ($1.17B), Coal Tar Oil ($377M), and Petroleum Gas ($339M). During the last 25 years the exports of United States to Ecuador have increased at an annualized rate of 4.2%, from $1.51B in 1995 to $4.23B in 2020.

What does Ecuador import and export with the US?

Ecuador’s principal export destinations are the United States, Peru, China, Chile, and Panama. Imports include machines and primary industrial materials, motor vehicles, consumer goods, and food and chemical products. Imports come mainly from the United States, China, Colombia, Panama, and Brazil.

Who is Ecuador’s largest trading partner?

Ecuador’s Top Trading Partners

  • United States: US$6.7 billion (30.2% of Ecuador’s total exports)
  • China: $2.9 billion (13%)
  • Panama: $1.9 billion (8.6%)
  • Chile: $1.5 billion (6.7%)
  • Peru: $952 million (4.3%)
  • Russia: $879.7 million (3.9%)
  • Colombia: $855 million (3.8%)
  • Spain: $639.1 million (2.9%)

What is Ecuador main export?

Petroleum oils
Exports The top exports of Ecuador are Petroleum oils and oils obtained from bituminous minerals; crude ($4.94B), Bananas, including plantains; fresh or dried ($3.83B), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or…

Are Ecuador and the US allies?

Ecuador and the United States maintained close ties based on mutual interests in maintaining democratic institutions; combating cannabis and cocaine; building trade, investment, and financial ties; cooperating in fostering Ecuador’s economic development; and participating in inter-American organizations.

How much aid does the US give to Ecuador?

As part of the comprehensive and supportive response of the American people to the global COVID-19 pandemic, the United States government supports a wide range of assistance projects and programs in Ecuador totaling over $32 million.

Did Ecuador participate in ww2?

Regaining strength. Ecuador declared war on Japan late during World War II and began to receive military aid from the United States in 1942. This aid consisted at first of light weapons, mortars, light tanks, and armored scout cars.

Categories: Blog