ecuadorexplorer.com

Ecuador Trade

Ecuador Trade

Ecuador Foreign Trade

The export of primary goods and the import of capital and manufactured products have historically characterized Ecuador’s trade. While petroleum remains Ecuador’s most important export and economic force, an increasing diversity in export products (most notably the recent dramatic rise in the export of cut flowers; in just a few years, Ecuador has become the leading supplier of cut flowers to the United States) is reducing the historical volatility of Ecuador’s export revenues and is helping to stabilize its economy.

The United States, European Union countries, Colombia, Chile, and Japan are Ecuador’s primary trading partners. In 1998, the United States exported USD 1.6 billion worth of goods to Ecuador, or about 30% of Ecuador’s total imports, and received nearly 40% of Ecuador’s exports, making it the country’s leading import and export partner. Colombia, Japan, Mexico, Venezuela, Spain, Germany, Brazil, and Chile together supplied approximately a 40% share of the Ecuadorian import market and likewise, were the destinations of almost 40% of Ecuador’s exports.

Ecuador’s active membership in global trade organizations and its participation in a number of regional free trade zones confirm the nation’s trend toward liberalization and its commitment to open trade. Ecuador is a member of the World Trade Organization (“WTO”), the Andean Community, and the Latin American Integration Association (“ALADI”). In addition, Ecuador has concluded bilateral free trade agreements with Bolivia, Chile, Colombia, and Venezuela, is negotiating a trade agreement with Mexico, is engaged in trade talks with the Mercosur nations of Brazil, Argentina, Paraguay, and Uruguay, and fully supports the establishment of a free trade area for the Americas.

Ecuador’s application of free market principals, including the lowering of trade barriers, its participation in numerous international trade organizations, and a firm commitment to diversification of its economy and reform of its financial institutions, are helping to restore a favorable balance of trade and generally better the nation’s economy.

Related Pages

Provider Spotlight

Free Galapagos Trip Planner at Galapagos Islands .com – easily plan your Galapagos vacation online, find great value, and a wide selection of customized Galapagos cruises and vacations.

Galapagos Tour Experts – Adventure Life Specialize in luxury Galapagos cruises, and land-based Galapagos tours. Adventure Life can help you design the perfect trip to Ecuador. As seen in Outside Magazine, NatGeo, and the New York Times.

Voyager Galapagos Tours haS excellent Galapagos cruise deals & last-minute offers, and land-based Galapagos tours (aka Island Hopping).

Galapagos & Ecuador Insiders use their local expertise to assist you in planning the perfect Galapagos cruise or Ecuador tour for your precise budget, needs, and interests.

Latin Trails craft customized journeys to the Galapagos Islands, the Ecuador mainland, the Amazon rainforest, and Peru. They operate the highly-rated Galapagos cruising yacht: Seaman Journey and the day tour yacht the Galapagos Hopper.

Andando Tours – Pioneers in Galapagos tourism. Two generations of sailing and shipbuilding showcase unparalleled knowledge in creating the most unique Galapagos Cruises. Owners & Operators of S/S Mary Anne & M/Y Passion.

Gulliver Expeditions – Learn more about our Ecuador ToursPeru ToursEcuador Climbing Expeditions, Galapagos Land Tours, and Machu Picchu Tours. Gulliver Expeditions offer fantastic travel experiences since 2005.

Surtrek Galapagos Cruises – has offered exceptional custom-designed trips to the Galapagos for over 20 years. They now bring their brand of off-the-beaten-path trips to other countries in South America such as Peru’s Machu PicchuBolivia’s Uyuni Salt Flats, and Chile’s Atacama Desert.

ViaNatura – provides excellent value Galapagos cruises on the Monserrat yacht, a luxury cruise experience on the Hermes yacht, and a variety of tours in Ecuador and Peru.

Exclusive Galapagos Cruises, part of the EQ Touring group – specializes in private Galapagos yacht charters. They can help your group find the perfect yacht that matches your needs at a price negotiated by a true insider who has been doing charters in the Galapagos for decades.