Mining is growing in Ecuador. According to a report by the Guayaquil Chamber of Commerce, mining and quarrying was the activity with the highest sales growth in February, up 50% from February 2022 ($753 million), generating $1,131 million. In February 2021, that activity generated $806 million.
However, the activity that represented the highest revenue in that month, despite the fact that it grew only 4%, was trade with $14,870 million divided into wholesale trade ($9,846 million), retail trade ($3,506 million) and vehicle sales. ($1,519). million). Meanwhile, the only activity to show a decline was healthcare with -6%, falling from $673 million (2022) to $635 million last February.
Sales grow 8% in Ecuador. Which sectors and provinces lead the increase?
The union’s report includes local sales and exports and points out that overall sales rose last February, but at a slower rate than the previous month, as they presented an increase of just 2%, generating $15,876 million nationwide, compared to February 2022 when sales amounted to 15,522 million dollars; while last January growth was 8% when sales were around $16,385 million, surpassing those of January 2022, which were $15,213 million; and those from 2021 with 29% ($12,743 million).
However, comparing total sales in January and February 2023 ($32,485 million), they reflect a 6% increase compared to sales in January and February 2022 ($30,744 million), and 26% more compared to sales in the first two of the month of 2021 ($25,830 million).
Meanwhile, sales rose in 19 of the 24 provinces, according to the union, which detailed Pichincha and Guayas leading the list with $12.925 million and $11.490 million, respectively, although Pichincha represented an 8% increase and Guayas only 2%.
https://www.eluniverso.com/noticias/economia/ventas-crecen-el-8-en-ecuador-que-sectores-y-provincias-lideran-el-incremento-nota/
Azuay reported sales of $1,499 million, but that was also up 8% compared to February 2022.
Meanwhile, the provinces that showed negative sales indices are Sucumbíos with $90 million (-5), Morona Santiago with $45 million (-4), Santa Elena with $185 million, Los Ríos with $459 million (-3 % each) and Bolívar with 38 million dollars (-1%).
Source: Eluniverso
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