The two large mines that the country has: Fruta del Norte and Mirador, have reached 100% of their capacities and the Chamber of Mines of Ecuador mainly attributes to this the increase recorded in 2022 in the export of mining products.

This sector generated $2.775 million in foreign currency, which translates into a growth of 32.64% compared to what was exported in 2021, according to official data from the Central Bank.

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The Chamber of Mines says that, according to data released by the Ministry of Energy and Mines, that figure exceeded the goal set for 2022 by more than $100 million, and that the increase is mainly due to these two mines located in the province. Zamora Chinchipea, “since both mines have reached 100% of their capacity.”

The union report states that the mining sector is still the fourth export sector of the national economy, after oil, shrimp and bananas. While it is the third among non-oil exports, and the first in non-traditional exports.

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And among its products, the first place in exports was taken by copper and its concentrates with 1,287.46 million dollars, in second place is doré gold with 827.55 million dollars, followed by gold concentrate with a value of 651.13 million dollars.

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The Mining Chamber cites additional information related to the development of this activity during 2022, namely that according to the data published by the Tax Administration (SRI), during that year a total of 17.2 billion dollars in gross tax was collected – which includes VAT, ICE, foreign exchange tax and other less – and “half of that total was collected in Pichincha, followed by Guayas and Azuay, but what drew attention in this data was the province of Zamora Chinchipe, which historically was the Province where SRI collected less , is now, due to the presence of industrial mines and the production chain they create, the fourth province that contributed the most taxes to the country with about 414 million dollars in 2022,” the union points out. .

Zamora Chinchipe also stands out among the ten provinces with the highest sales with $2,229 million, giving it ninth place in November 2022. It took off in 2021, when its sales increased from $313 million in 2019 to $1,873 million in 2021 and 2229 million dollars in 2022, according to the report commercial landscape, Prepared by the Chamber of Commerce of Guayaquil with figures from SRI from January to November of each year.

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Reports Development of the trade balance by products, published by the Central Bank, it is pointed out that “mining products, vegetable oils and chemicals and medicines – in the non-traditional group – are the ones that reflect the greatest dynamics because they achieve a large increase in their exports to the world, both in terms of unit value and in the amount of exported cargo” , they say from the Chamber.

The main Ecuadorian export in 2022 They are broken down in the aforementioned report: