Ecuador

Foreign trade

Ecuador's trade balance is generally positive, due overwhelmingly to its oil exports. Ecuador's oil reserves and refineries account for slightly over half of the country's commodity exports (51%). Agricultural exports include bananas (17%), shellfish (5.7%), coffee and cocoa (2.6%), and fish (4.6%). In 2000, the government raised the price of Ecuadorian petrol by 60% in order to forge an economic recovery. Ecuador exports about half of its petroleum to the US, while the US supplied 26% of Ecuador's imports in 2000.

In 2000 Ecuador's imports were distributed among the following categories:

Principal trading partners in 2000 (in millions of US dollars) were as follows:

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