The economy of Ecuador, located in northwestern South America, is Latin America’s eighth largest. Between 2000 and 2006, the country outstripped the rest of Latin American and the Caribbean in economic growth, at 4.6 percent; in fact, Ecuador’s GDP doubled between 1999 and 2007. This nation is clearly one to watch-and exporters looking for an edge in South America should want to learn more about how to export from the US to Ecuador.
Pharmaceuticals, vehicles, telecommunications equipment, and electricity are among Ecuador’s main imports. Its major partners here include the US, Brazil, and China, and Ecuador is, in fact, a favored trading partner of the US. Quito, Ecuador’s capital is the second-largest city in the country, and a vital economic region, making the greatest contribution to the national GDP. The city reflects the substantial, sustained, and focused financial stability that the country enjoys overall.
Ecuador is a member of the World Trade Organization (WTO) and the World Bank, as well as the International Monetary Fund (IMF). It also belongs to the Andean Community of Nations, and is an associate member of Mercosur. The country’s profile should make any entrepreneur or exporter want to find out more about how to export from the US to Ecuador.