Ecuador's exports rise Ecuador currently has four major areas in which the export sector is growing and it is the economic backbone of the country. For total imports have risen by far stronger and the trade deficit is rising concern. Therefore, the government now has a stop for import of different goods decided. Detail wait for the publication. However, it should take especially consumer goods, which should help the local economy.
number 1, and thus about half of export revenue come from the oil. These revenues have fluctuated greatly over 7.5 billion dollars in 2007 more than 10.5 billion in 2008 to 6.3 billion in 2009 and nearly $ 9 billion last year. Due to a side of fluctuating international oil prices but also the increasing takeover of the oil wells in the Amazon basin by the local Petro Ecuador. Foreigners withdraw increasingly, contracts were canceled. Thus, the total funding is gone back, but the increased revenue for Ecuador. This economic sector will increase over the next few years more, unless the international price of oil exploded again. Ecuador lives to a large extent on oil and that's known as a people the long term rather lazy as imaginative and industrious. Oil is the instant wealth without much effort.
generates 12% of the export share of the country on the equator with bananas and the world leader. The last year has seen an increase and the 2 billion - the income limit has been exceeded. It was the world economy in the coastal region to help, because the production was decreased slightly. Weather-related crop failures in Central America had pushed the world market price up. The crate of bananas, usually at $ 5.40, sold for about $ 10. Ecuador has suffered a lot under difficult weather conditions less than other countries.
5% of export revenues come from the shrimp industry, the 2010 also rose sharply. For 828 million dollars, the country exported around the world. Again, the world price was above average, but there were competitive advantages added by new breeds of larger crab species.
grew further and the export of coffee, fish products and fruit juices and preserves. These areas play the national economy but a minor role. Increasing importance has been particularly the flower industry in the highlands around Quito. But since the official figures are unfortunately not yet available. The bottom line shows
in Ecuador as a positive development of its economy. The petroleum, while still main source of income, but the percentage drops slowly and steadily, is mainly the world market price is determined. But the springs bubble does not last forever. Since the peak has passed. It's declining black gold will be sold more expensive but certainly in the future. More important, however, the labor-intensive sectors of agriculture: flowers, bananas, shrimp. There are people working, efforts are made to better and cheaper production methods and the needs of customers quickly adapts to the world. Therein lies the future, and Ecuador is so competitive on the world market.
