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The country's largest exports are oil and agricultural products such as bananas and seafood. [1] The COVID-19 pandemic in Ecuador and declining oil prices have greatly strained the business environment. [2] For further information on the types of business entities in this country and their abbreviations, see "Business entities in Ecuador".
Exports of goods and services (US$ million) by country [1] Country Exports Year Top goods export (2021) [2] [needs update] China: 3,511,248 2023 Broadcasting equipment United States: 3,051,824 2023 Petroleum Germany: 2,104,251 2023 Cars United Kingdom: 1,074,781 2023 Gold France: 1,051,679 2023 Packaged medications Netherlands: 949,983 2023 ...
The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. [17] Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. [18] In 2017, remittances constituted 2.7% of Ecuador's GDP ...
This article provides a comprehensive list of the largest exporting countries by product category. It includes information on the top exporting countries for various product categories and shows the market leaders in different export markets.
Moreover, the currently underused Toluca International Airport is located at a highway distance of just 69.00 km (~ 42.87 mi) or one hour driving from Mexico's Flower Capital, making it yet a more competitive air freight option for the Canadian and American flower markets than any other flower growing country in the world.
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The nations of Ecuador and Mexico first established diplomatic relations in 1830. [1] In April 2024, Mexico severed diplomatic relations due to a police raid on the Mexican Embassy in Quito. [2] Since June 2024, Switzerland serves as the protecting power representing Ecuador's interests in Mexico and vice versa. [3]
Merchandise exports are goods that are produced in one country and sold to another country. Only physical objects are counting under this kind of exports. For example, cars, clothing, machinery, and agricultural products are merchandise exports. Exports of services are excluded.