Frequent question: What are some major imports and exports in Ecuador?

Export goods petroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fish
Main export partners United States 31% Vietnam 7.6% Chile 6.9% Panama 4.8% Russia 4.7% (2017)
Imports $19.3 billion (2017)
Import goods industrial materials, fuels and lubricants, nondurable consumer goods

What are the major imports in Ecuador?

Ecuador main imports are: raw materials (25 percent of total imports), capital goods (19 percent), fuels and lubricants (17 percent), consumption durables (13 percent) and transport equipment (9 percent).

What are the top 10 imports?

Top 10

  • Machinery including computers: US$361.6 billion (15% of total imports)
  • Electrical machinery, equipment: $343.5 billion (14.3%)
  • Vehicles: $254.4 billion (10.6%)
  • Pharmaceuticals: $139.5 billion (5.8%)
  • Mineral fuels including oil: $130.1 billion (5.4%)
  • Gems, precious metals: $107 billion (4.4%)

Why is Ecuador so poor?

Ecuador is one of the countries that don’t require children to obtain an education. … Consequently, lack of education is one of the main causes of poverty in Ecuador. More than 60 percent of the population lives near the poverty line. Because of this, child labor is one of the main sources of income for many of families.

What does the US import from Ecuador?

U.S. total imports of agricultural products from Ecuador totaled $1.1 billion in 2019. Leading categories include: bananas and plantains ($363 million), nursery products ($273 million), processed fruit & vegetables ($161 million), cocoa beans ($116 million), and other fresh fruit ($61 million).

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What is America’s #1 export?

Services are the biggest US export, with total foreign sales of $778 billion last year. … These are the service industries that bring in the most money: Travel and transportation: $236 billion.

What is the most imported good in the world?

World’s Top Import Products

Rank Product 2019 Import Purchases
1. Crude oil $1,056,062,568,000
2. Integrated circuits/microassemblies $848,913,525,000
3. Cars $774,285,065,000
4. Processed petroleum oils $663,640,142,000

What is the United States main export?

Exports The top exports of United States are Refined Petroleum ($84.9B), Crude Petroleum ($61.9B), Cars ($56.9B), Integrated Circuits ($41.4B), and Vehicle Parts ($41.2B), exporting mostly to Canada ($252B), Mexico ($235B), China ($103B), Japan ($70.1B), and Germany ($59.8B).