Top Export Trading Partners of Ecuador - Volza

Ecuador's primary export trading partners in 2023 are the United States (28% of exports, $6.4 billion), China (16%, $3.7 billion), the European Union (13%, $3 billion), Chile (6%, $1.4 billion), and Peru (5%, $1.1 billion).

Key exports include oil to the United States, bananas to China, shrimp to the European Union, cut flowers to Chile, and cocoa to Peru. Trade agreements such as the Multiparty Trade Agreement with the European Union and bilateral agreements with the United States and China facilitate these exports through improved trade terms and reduced barriers.

Economically, Ecuador's GDP growth rate stands at 2.8%, with an inflation rate of 2.3% in 2023, impacting its export dynamics and trade policies. Strategic incentives, including government support for the agricultural and oil sectors, and logistical advantages such as its strategic location on the Pacific coast, promote a robust trade relationship, making Ecuador a crucial export market for these partners. The country's focus on sustainable and diverse exports significantly influences its export landscape.