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Ecuador Contracts

Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country's export earnings and one-fourth of public sector revenues in recent years. Oil is Ecuador's leading export followed by coffee, bananas, cocoa, shrimp cut flowers and fish products.  Its main import commodities are vehicles, medicinal products, telecommunications equipment and electricity. The United States, Colombia, Peru, Venezuela, and Brazil are its chief trading partners. Dollarisation of the Ecuadorian economy provided stability, which helped Ecuador achieve solid economic performance supported by high oil prices, strong domestic consumer demand, increased non-traditional exports, and growing remittances from Ecuadorians living abroad.