Mission to Ecuador:
Ecuador:
Ecuador’s agricultural sector has grown consistently since the economic
crisis of 1999/2000. The Ecuadorian agricultural sector employs 23.1% of the labor force and accounts for 24% of Ecuador’s value of
exports -- excluding petroleum and oils.
Growth is forecast at 6.8 percent
this year, accounting for an estimated Gross Domestic Product of almost $57
billion in 2010.
Approximately 14.79% of Ecuador’s agricultural imports come from the
United States -- including 21 percent of its wheat, 75 percent of its yellow
corn, 79 percent of its cotton and 16 percent of its soybean meal.
In 2009
the United States exported $235 million in fish, and
forestry products to Ecuador. The primary U.S. agricultural exports to
Ecuador in 2009 were grains, soybean meal, and wheat. U.S. exports to
Ecuador have almost doubled since 2005 and have more than doubled since
2003. Although U.S. agricultural exports to Ecuador in 2009 dropped since
2008’s record year, June 2010 numbers show an increase of almost 7 percent
compared to the same time period in the previous year. U.S. Foreign Direct
Investment in Ecuador was just over $460 million in 2007.
- Ecuador’s agricultural sector has grown consistently since the
economic crisis of 1999/2000.
- Growth is forecast at 6.8 percent this year, accounting for an
estimated Gross Domestic Product of $57 billion in 2010.
2009 US Exports to Ecuador:
- 14.79% of Ecuador’s Ag imports come from the US
- 2009 the United States exported $235 million in agricultural, fish,
and forestry products to Ecuador.
- The primary U.S. agricultural exports to Ecuador in 2009 were
grains, soybean meal, and wheat.
- U.S. exports to Ecuador have almost doubled since 2005.
Back to trade mission
to Peru/Ecuador
