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Ecuador
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Top Exports
As of 2023, Ecuador's total merchandise exports were valued at approximately **\$34.54 billion**, reflecting a 3.76% decline from the previous year. The country's export economy is diverse, encompassing petroleum products, seafood, agricultural commodities, and precious metals. | Rank | Product Category | Export Value (USD) | Share of Total Exports | | ---- | ------------------------------------------------------ | ------------------ | ---------------------- | | 1 | Crude Petroleum (HS 2709) | \$7.82 billion | 22.6% | | 2 | Frozen Shrimp and Prawns (HS 0306) | \$7.21 billion | 20.9% | | 3 | Bananas and Plantains (HS 0803) | \$3.78 billion | 11.0% | | 4 | Gold (Unwrought or Semi-Manufactured) (HS 7108) | \$1.39 billion | 4.0% | | 5 | Prepared or Preserved Fish (HS 1604) | \$1.32 billion | 3.8% | | 6 | Copper Ores and Concentrates (HS 2603) | \$1.23 billion | 3.6% | | 7 | Cocoa Beans (HS 1801) | \$1.17 billion | 3.4% | | 8 | Refined Petroleum Products (HS 2710) | \$1.12 billion | 3.2% | | 9 | Cut Flowers and Ornamental Foliage (HS 0603) | \$1.00 billion | 2.9% | | 10 | Wood and Articles of Wood (HS 44) | \$533 million | 1.5% | | 11 | Prepared or Preserved Vegetables, Fruits, Nuts (HS 20) | \$319 million | 0.9% | | 12 | Coffee (HS 0901) | \$265 million | 0.8% | | 13 | Live Trees and Other Plants (HS 06) | \$250 million | 0.7% | | 14 | Iron and Steel (HS 72) | \$200 million | 0.6% | | 15 | Aluminum and Articles Thereof (HS 76) | \$150 million | 0.4% | | 16 | Plastics and Articles Thereof (HS 39) | \$120 million | 0.3% | | 17 | Machinery and Mechanical Appliances (HS 84) | \$100 million | 0.3% | | 18 | Electrical Machinery and Equipment (HS 85) | \$90 million | 0.3% | | 19 | Pharmaceuticals (HS 30) | \$80 million | 0.2% | | 20 | Textiles and Textile Articles (HS 50-63) | \$70 million | 0.2% | Top Export Destinations **United States**: \$7.4 billion (23% of total exports) **China**: \$5.67 billion (18.2%) **Panama**: \$4.47 billion (14.3%) **Chile**: \$978 million (3.14%) **Peru**: \$974 million (3.13%) **Russia**: \$923 million (2.96%) **Spain**: \$853 million (2.74%) **Netherlands**: \$852 million (2.73%) **Colombia**: \$775 million (2.49%) **Italy**: \$629 million (2.02%)
