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Economic Data of Ecuador

Variable

Units

2004

2005

2006

Population

millions of inhabitants

13 023

13 211

13 408

Gross Domestic Product

millions of dollars

30 015

20 285

...

Gross Domestic Product

annual growth rate

6,9 %

3,9 %

4,30 %

Per capita Product

dollars

2 577

2 701

...

Inflation

accrued change Jan-Dec

2,0 %

2,1 %

2,9 %

Worldwide Exports

millions of dollars

7 224

10 088

12 187

Imports from the World

millions of dollars

7 861

9 921

12 203

Exports inside the Andean Community

millions of dollars

783

1 369

1 648

- Share in exports to the rest of the world

percentage

10,8 %

13,6 %

13,5 %

External Debt

millions of dollars

17 210

17 183

16 900

Source: Andean Community

 

Free Trade Agreements

 Andean Community - CAN

Southern common market – MERCOSUR

Andean Generalized Preference System – ANDEAN GPS (European Union)

ATPDEA – Andean Trade Preferences for Drugs Eradication Agreement (USA)

Latin American Integration Association – ALADI (LAIA)

 

Bilateral Trade between Ecuador and India

 Trade Balance between Ecuador and India

Activity

FOB (Values in US$ Million)

Exports

36,093.96

Imports

30,137.93

Trade Balance

5,956.03

 Source: Central Bank of Ecuador

 Currently, Ecuador’s exports include not only petroleum, banana, shrimp, coffee and cacao but also a series of new products, which have won widespread acceptance in international markets. These include fresh fruits: strawberries, mango, passion fruit, melon, papaya, pineapple, etc.; processed fruits: preserves, dried fruits, juices, concentrates, candied fruits, marmalades and jellies; flowers: roses, baby’s breath, carnations, chrysanthemums, etc.; sea food: shrimp, jumbo shrimp, fresh fish, tuna; vegetables: string beans, asparagus, artichokes, peas, cauliflower, palm heart, broccoli, etc.; herbs and plants; herbals and medicinal teas: mint, boldo, retania, valerian, etc.; industrial products: ceramics ; wood derivatives in bulk, board, sheets and plywood ; textile products etc. ; craft products: T-shirts, tagua figurines and buttons, palmetto straw hats, decorative ceramics, balsa wood figures, etc..

Exports to India

Tropical wood, Newsprint, Crude Oil, Coffee, Tea, Spices, Chocolate & Chocolate products, Waste & Scrap of iron and steel

Imports from India

Vehicles and accessories, Organic chemicals, Auto tyres, Misc. chemical products, Plastic products, Iron/steel products, Pharmaceuticals products etc.

Useful Links of India 

Ministry of Finance : http://finmin.nic.in/
Ministry of Commerce & Industry : http://commerce.nic.in/ 
Reserve bank of India : http://www.rbi.org.in  
Fair and Trade Events : http://www.indiatradefair.com/ 
India Trade Promotion Organisation : http://www.tradeportalofindia.com  
Confederation of Indian Industries : http://www.ciionline.org/  
Federation of Indian Chambers of Commerce & Industry : http://www.ficci.com/  
Associated Chambers of Commerce and Industry : http://www.assocham.org/  
PHD Chamber of Commerce and Industry : http://www.phdcci.in/


Useful Links of Ecuador 

Exports and Investment Promotion Corporation of Ecuador (CORPEI)
: http://www.corpei.org 
Federation of Ecuadorian Exporters : http://www.fedexpor.com/ 
Fairs and Trade Events   www.feriasdelecuador.com  
Central Bank of Ecuador         : http://www.bce.fin.ec 
Guide to invest in Ecuador : http://www.ecuadorinvest.org  
Exporter Directory of Ecuador : http://www.ecuadorexporta.org  
Ministry for External Commerce, Industrialization and Fisheries
: http://www.micip.gov.ec
Ecuadorian Institute of Standardization : http://www.inen.gov.ec
 
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