Daily coverage from across the country, written for the expat community
Results for “economic impact”Clear
Ecuador's Semana Santa holiday generated an estimated 800,000 domestic trips and $70 million in economic activity. Manta led all destinations with 158,000 visitors and 80% hotel occupancy, while Amazon lodges hit 90%. A temporary VAT cut to 8% for tourism services sweetened the deal.
Baños de Agua Santa reached 100% hotel occupancy for Easter weekend, drawing approximately 30,000 daily visitors. The adventure tourism hotspot is a popular expat day-trip destination. Expect heavy traffic on the Ambato-Baños highway and congested attractions through April 5.
Ecuador is positioned to become the world's second-largest cocoa grower behind Cote d'Ivoire. Anecacao projects exports exceeding 623,000 metric tons in 2026, up from 375,720 MT in 2023. The country is targeting 800,000 MT by the end of the decade.
LATAM Ecuador launched the first-ever direct flight from Cuenca to the Galapagos Islands on March 31. The twice-weekly Airbus A319 service starts at $310 round-trip and eliminates the need for an overnight layover in Quito or Guayaquil.
Ecuador takes on the 7th-ranked Netherlands at Philips Stadion in Eindhoven on March 31, 1:45 PM Ecuador time. Both teams are headed to the 2026 World Cup this summer. Ecuador is missing Piero Hincapie to injury.
Ecuador has signed a comprehensive trade agreement with the United Arab Emirates worth an estimated $3 billion, eliminating tariffs on over 96% of goods traded between the two countries. The deal opens Middle Eastern markets to Ecuadorian agriculture and positions Ecuador as a gateway to Latin America for Gulf investors.
The United States and Ecuador formally signed their Agreement on Reciprocal Trade on March 13, 2026, cutting tariffs on 53% of non-oil exports worth $2.8 billion. Key sectors including bananas, shrimp, cocoa, coffee, and flowers get preferential access, while Ecuador eliminates its price band system on U.S. agricultural imports.
Canadian mining giant Lundin Gold announced a $100 million exploration budget for 2026, targeting 133,000 meters of drilling across its concessions in Zamora Chinchipe province. The investment aims to extend the life of its flagship Fruta del Norte gold mine as gold prices surge toward record highs.
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.
Coffee grown in Quito's UNESCO-designated Chocó Andino Biosphere Reserve is gaining international recognition and finding growing markets in Europe, adding another dimension to Ecuador's agricultural export story.
A warehouse fire in downtown Guayaquil’s Multicomercio commercial complex burned for over 24 hours, reaching temperatures of 700°C before the rear structure collapsed. 150 firefighters and 49 units responded. No deaths reported, but surrounding towers face structural risk warnings.
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.
