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Ecuador's free trade agreement with China turned two on May 1. Imports from China surged 30% to $7.8 billion while exports barely grew. The non-petroleum trade deficit ballooned from $335 million to $1.9 billion. Here's what the numbers actually show.
Ecuador is investing USD 3 million in a new 24,000 m² Naval Station at Posorja, deploying coast guard, marine infantry, and naval aviation across the approaches to Guayaquil's export ports. Operational by 2027, possibly late 2026.
President Noboa ratified the SECA trade agreement with South Korea via Decreto Ejecutivo 359 on April 15, two days after the Asamblea approved it 83 votes. The deal eliminates tariffs on 98.9% of Ecuadorian exports to a 51-million-consumer market. Shrimp goes to 0% immediately. Bananas phase out over five years. Here's what's in it.
Bilateral trade between Ecuador and Colombia fell 44% year-over-year in February 2026, the first month of the tariff war — to just $124.9 million. Ecuadorian imports from Colombia dropped 66%. Exports fell 20%. Pharma imports collapsed 34%, industrial chemicals 48%, and Rumichaca's transport hub has ground to a halt.
The National Assembly approved Ecuador's trade agreement with South Korea on April 14, a 23-chapter deal that could boost Ecuadorian exports by roughly $367 million over five years. 98.8% of Ecuador's exportable goods enter South Korea at zero tariff immediately under the agreement. Shrimp is the headline beneficiary. The deal still needs presidential ratification.
Ecuador's Production, Foreign Trade, Investment and Fisheries Minister Luis Alberto Jaramillo met with the Ecuadorian-American Chamber of Commerce in Guayaquil on April 14 to walk through the US Reciprocal Trade Agreement. Headline: 57% of non-oil exports get zero tariffs. Concerns: competition with subsidized US agricultural products.
President Daniel Noboa announced on April 13 that he will make an official visit to China in August 2026, framing it around trade with nations that have become important Ecuador partners over the last 20 years. His first China visit was in June 2025.
The United States and Ecuador have finalized a reciprocal trade agreement that eliminates a 15% surcharge on $2.8 billion in non-oil Ecuadorian exports and opens Ecuador's agricultural market to US soybeans, dairy, beef, and poultry. Most-favored-nation treatment takes effect by August 2026.
Amid confusion over Ecuador's IVA reclassification, the SRI has clarified that 94 out of 115 basic basket food items remain at 0% IVA. Fresh milk, raw meats, unprocessed produce, rice, lentils, and legumes are all tax-free. 21 items have moved to 15%. Here is what stays exempt -- and what this means for your grocery budget.
Police K-9 units intercepted nearly 22,000 dried shark fins weighing 1,905 kilograms at Guayaquil's Jose Joaquin de Olmedo International Airport on April 2. The shipment -- 75 bundles disguised as fish bladders -- was bound for Kuala Lumpur, Malaysia. It is one of Ecuador's largest shark fin seizures in recent years.
The UAE and Ecuador signed a Comprehensive Economic Partnership Agreement (CEPA) during the Crown Prince of Abu Dhabi's visit, unlocking over $3 billion in investment across clean energy, digital infrastructure, mining, logistics, and agriculture. Ecuador becomes the fourth Latin American country with a UAE trade deal.
The Banco Central del Ecuador confirmed that GDP grew 3.7% in 2025, pulling the country out of the 2% contraction it suffered in 2024. Growth was driven by exports (+6.4%), investment (+5.6%), and household consumption (+2.7%). The 2026 forecast is a more modest 1.8%.
