Frequent question: What food product does Ecuador export more of than any other country in the world?

What does Ecuador export the most?

The most recent exports are led by Crude Petroleum ($7.85B), Crustaceans ($3.89B), Bananas ($3.43B), Processed Fish ($1.2B), and Refined Petroleum ($947M). The most common destination for the exports of Ecuador are United States ($6.76B), China ($2.85B), Panama ($1.92B), Chile ($1.5B), and Peru ($993M).

What is the main source of income in Ecuador?

The Ecuadorian economy is based on petroleum production, manufacturing primarily for the domestic market, commerce, and agricultural production for domestic consumption and export. Principal exports are petroleum, bananas, shrimp, flowers, and other primary agricultural products.

What is the main import of Ecuador?

Ecuador main imports are: raw materials (25 percent of total imports), capital goods (19 percent), fuels and lubricants (17 percent), consumption durables (13 percent) and transport equipment (9 percent).

Why is Ecuador so poor?

Ecuador is one of the countries that don’t require children to obtain an education. … Consequently, lack of education is one of the main causes of poverty in Ecuador. More than 60 percent of the population lives near the poverty line. Because of this, child labor is one of the main sources of income for many of families.

Who is the most famous person from Ecuador?

Famous people from Ecuador

  • Christian Benítez. Soccer. …
  • Rafael Correa. Politician. …
  • Antonio Valencia. Soccer. …
  • Mike Judge. Animator. …
  • Atahualpa. Deceased Person. …
  • Andrés Gómez. Tennis Tournament Champion. …
  • Jefferson Montero. Soccer Midfielder. …
  • Felipe Caicedo. Soccer Midfielder.
THIS IS INTERESTING:  What are the top 2 religions practiced in Brazil?

Is Ecuador 3rd world country?

In summary, Ecuador is a third-world country. It meets the standards that are currently used to describe third-world countries. The country has high rates of poverty, a high infant mortality rate, poor prison conditions, and poor education levels.

What products are made in Ecuador?

Exports include crude oil and derivatives, shrimp, bananas, coffee, cut flowers, cocoa, and Panama hats. Ecuador’s principal export destinations are the United States, Peru, China, Chile, and Panama.

What are Ecuador’s major industries?

Economy of Ecuador

Statistics
Main industries petroleum, food processing, textiles, wood products, chemicals
Ease-of-doing-business rank 129th (medium, 2020)
External
Exports $19.3 billion (2017)