Ecuador: Exporter Guide
Despite slower growth forecast for 2015 and measures to restrict imports, Ecuador offers U.S. food and agricultural product exporters a number of trade possibilities. Younger, lower and middle-income consumers’ purchasing power and appetite for imports continues to strengthen. Ecuador’s economy during the next five years is forecast to grow at an average rate of 4.3 percent. Domestic production cannot meet consumer demand, necessitating continued imports of food and other essential goods imports. U.S. exports of food and agricultural products to Ecuador in CY 2014 (through September) at $326 million are up $17 million or 6 percent compared to the same period last year. FAS Quito estimates that U.S. exports in 2014 will reach $460 million.
