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The United States and Ecuador have concluded negotiations on a historic Agreement on Reciprocal Trade (ART) that eliminates the 15% surcharge on roughly half of Ecuador's non-petroleum exports — worth $3.2 billion annually. The deal shields Ecuadorian flowers, bananas, cacao, and seafood from the new 10% global US tariff.
Ecuador's Federation of Exporters (Fedexpor) projects 6-7% export growth for 2026, a significant slowdown from the 18% surge in 2025. Headwinds include US tariff uncertainty, the Colombia trade dispute, and falling cacao prices — but the new US trade deal and flower sector expansion offer upside.
Colombia suspended electricity sales to Ecuador and imposed retaliatory tariffs after Ecuador slapped a 30% 'security tariff' on Colombian goods. With Ecuador's grid 79% dependent on hydroelectric power, the loss of Colombian energy imports raises the specter of the devastating 2024 blackouts.
President Daniel Noboa will join five other Latin American leaders at a Trump-hosted summit in Miami on March 7, forming a regional bloc focused on countering China’s influence, boosting security cooperation, and expanding trade — with Ecuador’s new US deal as the centerpiece.
Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
Washington and Quito have 'substantially concluded' negotiations on a reciprocal trade agreement set to be signed in coming weeks. But Ecuador's biggest non-oil export to the U.S. — shrimp worth $2 billion a year — may not get the tariff relief the industry needs to survive.
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.
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.
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.
High-level negotiations in Quito on February 6 ended without resolving the mutual 30% tariffs between Ecuador and Colombia. Both countries are blaming each other. Here's what it means for prices, energy, and daily life.
