Ecuador’s Top 10 Imports

Ecuador's Top 10 Imports

by Flagpictures.org

Ecuador imported US$23 billion worth of goods from around the globe in 2018, down by -16.3% since 2014 but up by 16% from 2017 to 2018.

Ecuadorian imports represent 0.1% of total global imports which totaled $17.788 trillion one year earlier.

From a continental perspective, 31.6% of Ecuador’s total imports by value in 2018 were purchased from Asian countries. Another 26.9% worth of imported goods originated from fellow Latin American nations excluding Mexico but including the Caribbean. Close behind were suppliers in North America (26.5%) then providers from Europe (14.4%). Smaller percentages came from Africa (0.2%) and Oceania (0.1%) led by Australia.

Given Ecuador’s population of 16.5 million people, its total $23 billion in 2018 imports translates to roughly $1,400 in yearly product demand from every person in the northwestern South American nation.

Ecuador’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Ecuador’s import purchases during 2018. Also shown is the percentage share each product category represents in terms of overall imports into Ecuador.

  1. Mineral fuels including oil: US$4.5 billion (19.7% of total imports)
  2. Machinery including computers: $2.7 billion (11.7%)
  3. Vehicles: $2.3 billion (10.1%)
  4. Electrical machinery, equipment: $1.9 billion (8.2%)
  5. Plastics, plastic articles: $1.1 billion (5%)
  6. Pharmaceuticals: $981.9 million (4.3%)
  7. Food industry waste, animal fodder: $845 million (3.7%)
  8. Iron, steel: $820.4 million (3.6%)
  9. Other chemical goods: $511.9 million (2.2%)
  10. Optical, technical, medical apparatus: $484.2 million (2.1%)

Ecuador’s top 10 imports accounted for over two-thirds (70.5%) of the overall value of its product purchases from other countries.

Imported mineral fuels including oil had the fastest-growing increase in value among the top 10 product categories, up by 34.5% from 2017 to 2018.

In second place for improving import sales was the food industry waste and animal fodder category, up by 26.8%. Trailing that were Ecuadorian imports of vehicles delivering the third-fastest gain up by 23.2%.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

At the detailed 4-digit code level, Ecuador’s costliest imported goods are refined petroleum oils (10.2% of total), high-temperature distilled coal tar oils (6.8%), cars (4.9%), medicines (3.2%), petroleum gases (2.3%), mobile phones (2.1%) and trucks (also 2.1%).

Fuel

In 2018, Ecuadorian importers spent the most on the following 10 subcategories of mineral fuels-related products.

  1. Processed petroleum oils: US$2.4 billion (up 39.7% from 2017)
  2. Coal tar oils (high temperature distillation): $1.6 billion (up 33.2%)
  3. Petroleum gases: $535 million (up 13.9%)
  4. Crude oil: $34.4 million (up 529.3%)
  5. Petroleum oil residues: $32.4 million (up 19.2%)
  6. Petroleum jelly, mineral waxes: $11.2 million (down -0.8%)
  7. Coal, solid fuels made from coal: $5.8 million (up 188%)
  8. Electrical energy: $3 million (up 592.8%)
  9. Peat: $2.2 million (up 1.4%)
  10. Natural bitumen, asphalt, shale: $930,000 (up 82%)

Among these import subcategories, Ecuadorian purchases of electrical energy (up 592.8%), crude oil (up 529.3%) then coal including solid fuels made from coal (up 188%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported mineral fuels-related products among Ecuadorian businesses and consumers.

Machinery

In 2018, Ecuadorian importers spent the most on the following 10 subcategories of machines including computers.

  1. Computers, optical readers: US$240 million (up 32.1% from 2017)
  2. Liquid pumps and elevators: $163.1 million (up 19.4%)
  3. Refrigerators, freezers: $146.5 million (up 13.4%)
  4. Printing machinery: $144.4 million (up 15.2%)
  5. Heavy machinery (bulldozers, excavators, road rollers): $137.5 million (up 42.5%)
  6. Centrifuges, filters and purifiers: $136.7 million (up 13.7%)
  7. Miscellaneous machinery: $100.1 million (up 53%)
  8. Piston engine parts: $94.9 million (up 19.1%)
  9. Air or vacuum pumps: $94.7 million (up 4.2%)
  10. Taps, valves, similar appliances: $88.7 million (up 11.5%)

Among these import subcategories, Ecuadorian purchases of miscellaneous machinery (up 53%), heavy machinery including bulldozers, excavators and road rollers (up 42.5%) then computers including optical readers (up 32.1%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Ecuadorian businesses and consumers.

Vehicles

In 2018, Ecuadorian importers spent the most on the following 10 subcategories of vehicles.

  1. Cars: US$1.1 billion (up 21.5% from 2017)
  2. Trucks: $475.7 million (up 40.8%)
  3. Automobile parts/accessories: $274.1 million (up 2.4%)
  4. Motorcycles: $108 million (up 35.6%)
  5. Tractors: $98.6 million (up 64.4%)
  6. Public-transport vehicles: $75.9 million (up 55.8%)
  7. Chassis fitted with engine: $67 million (down -21.6%)
  8. Motorcycle parts/accessories: $24.2 million (up 0.6%)
  9. Special purpose vehicles: $23.2 million (up 84.7%)
  10. Bicycles, other non-motorized cycles: $14 million (up 71.8%)

Among these import subcategories, Ecuadorian purchases of special purpose vehicles (up 84.7%), bicycles and other non-motorized cycles (up 71.8%) then tractors (up 64.4%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles among Ecuadorian businesses and consumers.

Electronics

In 2018, Ecuadorian importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics.

  1. Phone system devices including smartphones: US$483.3 million (up 14.2% from 2017)
  2. TV receivers/monitors/projectors: $281.8 million (up 31.9%)
  3. Insulated wire/cable: $137 million (up 11%)
  4. Lower-voltage switches, fuses: $93.5 million (up 6.8%)
  5. Electrical converters/power units: $81.3 million (down -7.6%)
  6. Electric water heaters, hair dryers: $62 million (up 6.6%)
  7. Electric motors, generators: $56.9 million (down -21.8%)
  8. Microphones/headphones/amps: $55.5 million (up 19.4%)
  9. Unrecorded sound media: $52.3 million (up 7.9%)
  10. Integrated circuits/microassemblies: $49.2 million (up 74.5%)

Among these import subcategories, Ecuadorian purchases of integrated circuits or microassemblies (up 74.5%), TV receivers, monitors and projectors (up 31.9%) then microphones, headphones or amplifiers (up 19.4%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Ecuadorian businesses and consumers.



 

See also Ecuador’s Top 10 Exports, Ecuador’s Top 10 Imports and Ecuador’s Top Trading Partners

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 18, 2019

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 18, 2019

Trade Map, International Trade Centre. Accessed on March 18, 2019