Tridge summary
Ecuador's global exports experienced a 9% decrease in the first four months of 2023, totaling $9,989 million, primarily due to a 33% drop in oil exports because of lower prices. Despite this, non-oil exports rose by 4.3% to $7.370 million, with shrimp and banana and plantain exports seeing increases. However, imports also declined by 3.2%, leading to a trade surplus of $664.9 million, which is 50.6% less than the surplus in the same period of the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ecuador's exports to the world are not having a good time. From January to April 2023, these totaled 9,989 million dollars, an amount 9% lower compared to the same period last year, according to figures from the Central Bank of Ecuador (BCE). The reduction has to do with lower oil exports, which have fallen 33%, in dollars, between January and April 2023 compared to the same period last year. The price of a barrel of oil and its derivatives in the period between January and April 2023 fell 27.6% compared to the same period in 2022. While non-oil exports in the analysis period grew 4.3% to reach the 7.370 million dollars. Shrimp is the main exported product of the non-oil, non-mining supply and its exported value increased by 4% in the period January-April 2023, said the Ecuadorian Federation of Exporters (Fedexpor). While banana and plantain exports increased by 14%, while canned fish and tuna and fish decreased by 2% and 32%, respectively. On the other hand, in the first four ...
Source: Expreso
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