He the first two months of 2023, the total trade balance of Ecuador (measuring the sale of oil and oil in relation to the purchase of oil and oil) recorded a favorable balance of 267 million dollars, which is the result of a trade surplus of $163 million in the oil balance and a surplus of $103 million in the non-oil balance. This was reported by the Central Bank of Ecuador (BCE).

The numbers reflect that, though still positive values ​​are maintained, The oil balance has deteriorated considerably, while the non-oil balance is recovering. As for the oil company, the figure is down compared to the same period of the year 2022, in which a positive balance of 666 million dollars was recorded. As for the non-oil sector, a deficit (-$62 million) was recorded in the first two months of 2022.

Oil exports fell by 20% compared to the previous year, while imports rose by 18%. In addition, non-oil exports rose by 2%, but imports fell by 3%.

As for the non-oil balance, Federation of Exporters of Ecuador (Fedexpor), which measures the behavior of non-oil and non-mining exports, reported that Shrimp is the main export product, whose dollar value increased by 2% in the first two months of 2023. Exports of bananas and plantains increased their export value by 10%. On the contrary, products such as canned fish and cocoa and its preparations decreased the value of exports by -9% and -15%, respectively. In exported value, this item reached 3.027 million dollars and represented 62% of total exports. The main export of the country behaved as follows:

1. In aquaculture products 1.422 million dollars (-2%)

1.1) Shrimp $1.163 million (2%)

1.2) Canned fish $187 million (-9%)

1.3) Tuna and fish 61 million dollars (-26%)

2. In agribusiness products 1.305 million (7%)

2.1) Banana 709 million dollars (10%)

2.2) Flowers $199 million (1%)

2.3) Cocoa $116 million (-15%)

3. In the production of products, 300 million dollars (-7%)

3.1) Wood and production USD 85 million (-3%)

3.2) Production of leather, plastic and rubber USD 29 million (-22%)

3.3) Ceramic products USD 7 million (6%)

Meanwhile, non-oil imports fell by 3%, mainly due to a 14% decrease in raw material imports, while, on the contrary, capital and consumer goods recorded an increase between January and February 2023.

From mid-March to mid-April, the currencies of the countries of the region (Colombia, Peru and Chile) strengthened against the dollar by an average of 2.8%. On the contrary, the currencies of the main export destinations outside America (China, the European Union, Russia) depreciated by an average of 1.7%, solely due to the weakness of the Russian ruble in the last month.