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Average salary expectations have dropped 2.66% this quarter to $818, while the basic food basket costs $829. Here's what the gap means for Ecuador's economy and the expat cost-of-living picture.
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.
Interior Minister Reimberg told AFP that organized crime groups have launched roughly 600 drone attempts at El Encuentro prison since it opened. The government says it will build as many mega-prisons as needed.
Police in Guayaquil dismantled a massive phone theft operation involving 25,000 stolen devices valued at over $3 million. Authorities recovered approximately 30% of the phones through device tracking. The scale reveals how organized phone theft has become -- and why basic security practices matter for every resident.
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.
Ecuador shipped 125,200 tonnes of shrimp in January 2026, a 23% increase year-over-year. China remains the top buyer at 49.5% of volume, though its share has declined from 54.2% in 2024. The industry projects a 15% increase for the full year.
A joint Europol-Ecuador operation dismantled a Los Lobos-linked trafficking network, seizing 3.7 tonnes of cocaine in the Netherlands, 3+ tonnes in Belgium, and over half a tonne in Ecuador. 16 arrested including a high-value target. $810,000 in cash confiscated.
Ecuador's Constitutional Court declared the Strategic Economic Cooperation Agreement (SECA) with South Korea constitutional, clearing the final legal hurdle. 98.8% of Ecuador's exportable products will enter Korea tariff-free, opening access to 51 million consumers.
Ecuador's Constitutional Court declared the SECA trade agreement with South Korea compliant on March 19. The deal grants tariff-free access for 98.8% of Ecuadorian products and covers investment, technology transfer, energy, and infrastructure cooperation.
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.
Ambassador Jamieson Greer and Ecuador's Trade Minister signed the Agreement on Reciprocal Trade on March 13, locking in zero tariffs on $2.8 billion in Ecuadorian exports and opening the door to cheaper American imports. If you buy wine, medicine, or electronics in Ecuador, pay attention.
