Ecuador
On this page you will find beneficial information regarding foreign direct investment in / trading with Ecuador. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 17.80 million (2021)
GDP: 106.2 billion USD (2021)
Corporate Tax Rate: 22% - 28%
Personal Income Tax Rate: 0% - 37%
Major Exports: Crude Petroleum ($7.44B), Crustaceans ($5.33B), Bananas ($3.67B), Refined Petroleum ($1.37B), and Processed Fish ($1.27B), exporting mostly to United States ($6.5B), China ($4.03B), Panama ($3.95B), Chile ($1.13B), and Russia ($1.01B).
Major Imports: Refined Petroleum ($2.74B), Coal Tar Oil ($1.14B), Cars ($878M), Packaged Medicaments ($619M), and Petroleum Gas ($604M), importing mostly from China ($5.94B), United States ($5.16B), Colombia ($1.79B), South Korea ($1.09B), and Peru ($933M).
Investment Agency: Pro Ecuador
Website: https://www.proecuador.gob.ec/
National Chamber of Commerce: Federación Nacional de Cámaras de Comercio del Ecuador
Website: https://federaciondeindustrias.com/
Customs Agency: Servicio Nacional de Aduana del Ecuador (SENAE)
Website: https://www.aduana.gob.ec/
