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Monthly inflation reached 0.53% in April 2026, driven mainly by transport costs, with annual inflation at 2.6%. Meanwhile Ecuador's tariff on Colombian goods escalated to 100% on May 1. What it means for anyone living here on a fixed or foreign income.
An addendum to the AC59 trade agreement will lower the import tariff on cars made in Argentina from 16.1% to 10%. Industry expects the deal signed in the second half of June. The Toyota Hilux, a Toyota SUV, and the Ford Ranger are the models in play.
Resolution 2582 declares both countries' tariffs incompatible with the Cartagena Agreement. But with rates still at 75%, business leaders on both sides say trade remains frozen.
After months of escalating tariffs, Ecuador will reduce duties on Colombian imports from 100% to 75%. Cosmetics, medicines, plastics, and automotive parts are the primary categories affected.
Ecuador's tariff on Colombian goods jumps from 50% to 100% on May 1, effectively shutting down $2 billion in annual trade. Truck traffic at Rumichaca has already dropped to 30-40% of normal. Sugar, medical supplies, and medications are all on the list.
Coastal residents report electricity bills climbing from $80 to $155, $126 to $400, and $130 to $280 in a single cycle. President Noboa announced a subsidy covering up to 180 kWh per household in heat-affected zones, worth roughly $20 per bill, appearing on May statements.
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.
New numbers from Colombia's DIAN show Colombian exports to Ecuador fell 27% in January–February 2026 as Ecuador's security-tariff regime ramped up. Between February and March, the fall steepened to 57%. Ecuador's tariff escalates again on May 1 — from 50% to 100%. Here's the picture and what it means for consumer prices.
Economy Minister Sariha Moya presented Ecuador's fiscal efficiency formula at the IMF Spring Meetings in Washington on April 14. Her headline numbers: international reserves up from $3 billion to $11 billion, poverty down from 28% to 21% in 2025, and local-government payment delays cut by 85%. She credited the fuel subsidy phase-out that ran from June 2024 through September 2025.
Ecuador's April 9 imposition of a 100% tariff on Colombian products — targeting $2 billion in annual bilateral trade — has triggered the deepest institutional crisis the Comunidad Andina has faced in its 57-year existence. Former Colombian president Álvaro Uribe publicly warned Ipiales is "in ruin."
President Noboa said on April 13 that he has "no great hope" that Colombian President Gustavo Petro will change course on border security or commercial reciprocity. Ecuador will wait for Colombia's next administration before attempting a long-term solution. The trade war continues.
