Daily coverage from across the country, written for the expat community
International cacao prices have collapsed from a record $13,000 per ton in late 2024 to $3,581 in February 2026. Ecuadorian farmers now receive roughly $130 per quintal — down from $400 a year ago — squeezing margins in communities across the coast.
An international arbitral tribunal adjusted Ecuador's compensation obligation to Chevron downward by $5.7 million, landing at $215 million. The decades-old Amazon environmental dispute continues to drain government coffers in a tight fiscal year.
During President Noboa's visit to the UAE, Petroecuador and Abu Dhabi National Oil Company signed a memorandum of understanding for direct crude oil trade and refined product imports — cutting out intermediary traders.
The U.S. dollar has lost ground against major currencies, creating a mixed bag for Ecuador's dollarized economy: exports become more competitive and tourism gets a boost, but import costs rise — and you'll feel it at the supermarket.
Ecuador's coast just got a significant internet upgrade. Seven 5G radio base stations are now operational in Manta, making it one of the first mid-sized cities outside Quito and Guayaquil to join the national 5G rollout.
What started as a tariff dispute has spiraled into a full trade war between neighbors. Ecuador slapped 30% duties on Colombian imports; Colombia responded by suspending electricity sales and threatening counter-tariffs on 23 Ecuadorian products. The pipeline tariff jumped from $3 to $30 per barrel.
Fedexpor reports Ecuador’s non-petroleum, non-mining exports grew 16% to $25.2 billion in 2025. Shrimp led at $8.4 billion (+20%), cocoa surged 29% to $4.7 billion, and U.S.-bound exports jumped 30%. It’s the strongest diversification signal yet for the dollarized economy.
Ecuador’s monthly fuel price band adjusted at midnight. Extra and Ecopaís gasoline rose to $2.76/gallon, Súper Premium dropped to $3.19, and diesel barely moved at $2.70. The new prices hold through March 11.
LATAM Cargo and Avianca transported over 40,000 tons of roses from Ecuador for Valentine’s Day 2026 — the country’s biggest annual flower export event. Ecuador is the world’s third-largest flower exporter, and February is the industry’s Super Bowl.
Mariscal Sucre International Airport expanded terminal space by 17,600+ square meters, boosting annual capacity from 5 million to over 7 million passengers. Meanwhile, Aeroméxico resumes Quito-Mexico City nonstops on March 23 with four weekly flights.
EP Petroecuador reported field production of approximately 370,000 barrels per day in January 2026, with the Sacha and Auca blocks leading output. While below peak levels, the steady numbers support government revenue forecasts and reduce the risk of mid-year austerity cuts.
Hundreds of rice producers from Guayas and Los Ríos met in Santa Lucía to deliver a manifesto demanding the government enforce minimum price floors and address what they call the worst crisis in three decades. Over 500,000 jobs and $100 million in losses hang in the balance.
