Ecuador: Exporter Guide
Despite a recession in 2016, a slower growth forecast for 2017 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. 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 2016 (through October) at $272 million are down $23 million, 8 percent compared to the same period of 2015. FAS Quito forecasts U.S. food and agricultural exports to Ecuador to reach $300 million in CY 2016, the lowest in five years.
