Exports include crude oil and derivatives, shrimp, bananas, coffee, cut flowers, cocoa, and Panama hats. Ecuador’s principal export destinations are the United States, Peru, China, Chile, and Panama.
What are the top 3 exports in Ecuador?
The most recent exports are led by Crude Petroleum ($7.85B), Crustaceans ($3.89B), Bananas ($3.43B), Processed Fish ($1.2B), and Refined Petroleum ($947M). The most common destination for the exports of Ecuador are United States ($6.76B), China ($2.85B), Panama ($1.92B), Chile ($1.5B), and Peru ($993M).
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 3 top exports?
These are the top US exports
- Top U.S. goods exports.
- Food, beverage and feed: $133 billion. …
- Crude oil, fuel and other petroleum products: $109 billion. …
- Civilian aircraft and aircraft engines: $99 billion. …
- Auto parts, engines and car tires: $86 billion. …
- Industrial machines: $57 billion.
- Passenger cars: $53 billion.
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 ($61 million).
Why is Ecuador so poor?
Ecuador is one of the countries that don’t require children to obtain an education. … Consequently, lack of education is one of the main causes of poverty in Ecuador. More than 60 percent of the population lives near the poverty line. Because of this, child labor is one of the main sources of income for many of families.
Is Ecuador 3rd world country?
In summary, Ecuador is a third-world country. It meets the standards that are currently used to describe third-world countries. The country has high rates of poverty, a high infant mortality rate, poor prison conditions, and poor education levels.
What products are made in Ecuador?
In the agricultural sector, Ecuador is a major exporter of bananas (the largest exporter of bananas in the world), cut flowers, cacao, coffee, shrimp, wood, and fish. It is also significant in shrimp production, sugar cane, rice, cotton, corn, palm and coffee.
What is America’s number 1 export?
Searchable List of America’s Most Valuable Export Products
|Rank||US Export Product||2020 Value (US$)|
|1||Processed petroleum oils||$60,709,450,000|
What is NZ’s biggest export?
Exports The top exports of New Zealand are Concentrated Milk ($5.73B), Sheep and Goat Meat ($2.62B), Rough Wood ($2.31B), Butter ($2.29B), and Frozen Bovine Meat ($2.09B), exporting mostly to China ($11.1B), Australia ($5.7B), United States ($3.78B), Japan ($2.38B), and South Korea ($1.15B).
Which country exports the most?
World’s 10 LARGEST Exporters
|NO.||COUNTRY||YEARLY EXPORTS VALUE|
|2||UNITED STATES||$1.56 trillion|