Applied tariffs
Simple average MFN applied
2024
*
20.5 %
Trade-weighted MFN average
2024
*
9.4 %
Share of MFN duty-free
2024
46.0 %
Bound tariffs
Simple average bound
21.9 %
Binding coverage
100.0 %
Share of bound duty-free
0.0 %
Imports
Total imports: 29,478.6 million USD in 2024
Imports by partner
United States of America
27.5 %
8,107.0
million USD
China
22.4 %
6,606.7
million USD
European Union
11.5 %
3,395.5
million USD
Colombia
7.3 %
2,162.0
million USD
Brazil
3.5 %
1,039.8
million USD
Peru
3.3 %
959.5
million USD
Korea, Republic of
2.7 %
800.7
million USD
Argentina
2.6 %
772.8
million USD
Canada
2.2 %
642.4
million USD
Mexico
2.1 %
621.7
million USD
Rest of the World
14.8 %
4,370.7
million USD
Imports by products HS 2022
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
12.9 %
3,817.2
million USD
270750
Aromatic hydrocarbon mixtures of which >= 65% by volume, incl. losses, distils at 250°C by the ASTM D 86 method (excl. chemically defined compounds)
7.7 %
2,271.1
million USD
230400
Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil
2.9 %
851.6
million USD
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids used as hormones, alkaloids, provitamins, vitamins, their derivatives, antimalarial active principles and blinded clinical trial kits)
2.1 %
628.8
million USD
271112
Propane, liquefied
1.8 %
540.0
million USD
999999
Unspecified products
1.8 %
527.9
million USD
851713
Smartphones for wireless networks
1.4 %
413.9
million USD
230990
Preparations of a kind used in animal feeding (excl. dog or cat food put up for retail sale)
1.2 %
353.9
million USD
271600
Electrical energy
1.1 %
334.5
million USD
870322
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.000 cm³ but <= 1.500 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
1.1 %
326.0
million USD
Rest of the products
65.9 %
19,413.8
million USD
Exports
Total exports: 34,411.4 million USD in 2024
Exports by destination
United States of America
20.3 %
6,974.9
million USD
Panama
18.3 %
6,286.0
million USD
European Union
17.1 %
5,884.4
million USD
China
14.8 %
5,089.8
million USD
Peru
3.2 %
1,109.3
million USD
Chile
2.8 %
948.2
million USD
Russian Federation
2.6 %
898.3
million USD
Colombia
2.6 %
897.3
million USD
Malaysia
1.8 %
609.3
million USD
Indonesia
1.4 %
481.8
million USD
Rest of the World
15.2 %
5,232.1
million USD
Exports by products HS 2022
270900
Petroleum oils and oils obtained from bituminous minerals, crude
25.1 %
8,646.5
million USD
030617
Frozen shrimps and prawns, even smoked, whether in shell or not, incl. shrimps and prawns in shell, cooked by steaming or by boiling in water (excl. cold-water shrimps and prawns)
20.0 %
6,875.4
million USD
080390
Fresh or dried bananas (excl. plantains)
10.7 %
3,669.8
million USD
180100
Cocoa beans, whole or broken, raw or roasted
9.7 %
3,352.6
million USD
160414
Prepared or preserved tunas, skipjack and Atlantic bonito, whole or in pieces (excl. minced)
4.4 %
1,521.9
million USD
260300
Copper ores and concentrates
3.4 %
1,163.0
million USD
710812
Gold, incl. gold plated with platinum, unwrought, for non-monetary purposes (excl. gold in powder form)
3.0 %
1,026.3
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
2.6 %
883.5
million USD
261690
Precious-metal ores and concentrates (excl. silver ores and oncentrates)
2.5 %
870.3
million USD
060311
Fresh cut roses and buds, of a kind suitable for bouquets or for ornamental purposes
2.2 %
767.3
million USD
Rest of the products
16.4 %
5,634.8
million USD
Preferential regimes provided by Ecuador
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Ecuador as a beneficiary based on other economies reported preferential regimes
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