Tendata Statistics Ecuador Import Data in 2023

tendata blogImport News

ten data blog13-05-2024

According to Ecuador import data, the country imported goods worth $30.9 billion in 2023, compared to $33 billion in 2022. This represents a decrease in total import expenditure of -6.5% from 2022 to 2023.

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Main Product Suppliers to Ecuador

The latest Ecuador import data shows that 74.24% of the products imported into Ecuador are supplied by exporters from the following countries:

1.United States(26.92%, $76538.62 Million)

2.China(20.42%, $58062.65 Million)

3.Colombia(7.89%, $22424.55 Million)

4.Brazil(4.1%, $11652.98 Million)

5.Peru(3.9%, $11097.89 Million)

6.Mexico(2.41%, $6860.63 Million)

7.Spain(2.35%, $6670.27 Million)

8.Japan(2.15%, $6115.07 Million)

9.Germany(2.14%, $6092.09 Million)

10.Chile(1.96%, $5581.47 Million)

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Ecuador import data provided by Tendata indicates that from a continental perspective, approximately one-third (33.5%) of Ecuador's total imports in 2023 came from Asian countries. Additionally, 31.4% of imported goods came from North America, with 21.8% originating from other Latin American countries. Products from European suppliers accounted for 12.7% of Ecuador's total imports. The proportion of goods purchased from exporters in Africa (0.4%) and Oceania (0.2%) was relatively small.

Top 10 Imported Products in Ecuador

Based on 2-digit HTS codes, Ecuador import data provided by Tendata reveals that the cost of the top 10 imported products in Ecuador represents over two-thirds (70.5%) of the total value of products purchased from other countries:

1. Mineral fuels, including petroleum: $7.5 billion (24.1%)

2. Machinery, including computers: $3.1 billion (10%)

3. Vehicles: $2.8 billion (9%)

4. Electrical machinery and equipment: $2.1 billion (6.7%)

5. Food industry waste, animal fodder: $1.6 billion (5.2%)

6. Pharmaceuticals: $1.3 billion (4.3%)

7. Plastics and plastic products: $1.2 billion (3.9%)

8. Iron and steel: $912.6 million (3%)

9. Cereals: $664.3 million (2.2%)

10. Optical, technical, medical equipment: $655.8 million (2.1%)

The latest Ecuador import data shows that from 2022 to 2023, imports of optical, technical, and medical equipment increased the most (13.7%). Pharmaceuticals ranked second in import growth (2.5%). Compared to 2022, there was a slight increase of 0.5% in vehicle imports in Ecuador. The most significant year-on-year decrease among Ecuador's main imports was observed in plastics (including materials and plastic products), which decreased by -25.9%.

According to Ecuador import data, a detailed analysis of 4-digit HTS codes reveals that Ecuador spent the most on imported processed petroleum (13.6%), high-temperature distilled coal tar (7.5%), pharmaceutical mixtures in doses (4.5%), solid residues including soybean oil cakes (3.2%), telephone equipment including smartphones (2.3%), trucks (2.1%), petroleum gas (2%), wheat (1.7%), various animal feed preparations (1.3%).

The latest Ecuador import data shows that based on more detailed HS codes, the top 10 imported products in Ecuador in 2023 were:

1.HS Code:2710192199(6.73%, $1913.33 Million)


3.HS Code:2710192120(4.11%, $1167.3 Million):Jet fuel, kerosene type

4.HS Code:2304000000(3.25%, $925.37 Million):Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil (detailed label not available)

5.HS Code:3004902900(2.18%, $619.63 Million):Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excluding medicaments containing antibi

6.HS Code:2711120000(1.48%, $419.91 Million):Propane, liquefied

7.HS Code:8703229090(1.27%, $361.78 Million):Motor cars and other motor vehicles principally designed for the transport of 1.000 cm but <= 1.500 cm (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10): Other vehicles, with spark-ignition internal comb

8.HS Code:1001190000(1.05%, $298.82 Million):Durum wheat (excluding seed for sowing)

9.HS Code:8703239090(1.02%, $290.82 Million):Motor cars and other motor vehicles principally designed for the transport of 1.500 cm but <= 3.000 cm (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10): Other vehicles, with spark-ignition internal comb

10.HS Code:8517120029(1.02%, $289.56 Million):Telephones for cellular networks "mobile telephones" or for other wireless networks + detailed label not available +

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