top of page

Ecuador

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

david-whipple-mU-wz7JlJMc-unsplash_Ravid.jpg
Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
5.2
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
7.53
8.52
-0.99

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025, here's the latest information regarding tariffs involving Ecuador: United States Tariffs on Goods from Ecuador: Baseline Tariff: Ecuador is subject to the 10% baseline tariff imposed by the United States on imports from most countries, which took effect on April 5, 2025. No Reciprocal Tariff Increase (for now): Ecuador was not among the countries initially targeted for higher "reciprocal tariffs" based on trade imbalances. While these higher tariffs were announced, a 90-day pause has been implemented for most countries (excluding China, Hong Kong, and Macau). During this pause, the reciprocal tariff rates for these countries have reverted to the 10% baseline. This indicates that for the time being, the primary tariff on Ecuadorian goods entering the U.S. is the 10% baseline.   Ecuador's Concerns: The Ecuadorian Federation of Exporters (Fedexpor) had previously warned that the initial 10% tariff would significantly affect their key exports to the U.S., which were previously entering duty-free. These exports include bananas, shrimp, and cocoa.   Ecuador's Trade Policy: Ecuador has been actively pursuing Free Trade Agreements (FTAs) to diversify its trade partnerships. They have recently finalized an FTA with Canada (February 2025), which is expected to enhance exports of flowers, canned tuna, textiles, and auto parts to Canada.   Ecuador is also in negotiations for trade agreements with South Korea and the Dominican Republic. President Daniel Noboa's administration (term until May 2025) has aimed to bolster bilateral relations with the United States, including in trade. However, Ecuador does not currently have a free trade agreement with the U.S., which puts it at a disadvantage compared to countries like Peru and Colombia that do.   Ecuador's Tariffs on Imports: Historically, Ecuador's applied weighted mean tariff rate for all products has fluctuated. In 2021, it was 4.63%. Recently, in February 2025, President Noboa announced a 27% tariff on imports from Mexico. This action was stated as a measure to promote Ecuador's domestic industry while a free trade agreement with Mexico is being negotiated.   Impact of US Tariffs on Ecuador: The 10% tariff imposed by the U.S. is expected to negatively impact Ecuador's agricultural exports, which are a significant part of their trade with the U.S. However, if the U.S. were to impose higher tariffs on countries that compete with Ecuador in supplying these products (like Vietnam and Cambodia, as was initially planned before the pause), Ecuadorian exporters might find a comparative advantage. Currently, these higher tariffs are on hold. The U.S. is a vital trade partner for Ecuador, taking a significant portion of its non-petroleum exports. In January 2025, Ecuador had a negative trade balance of $644.5 million with the United States, highlighting the importance of the U.S. market.   In summary, the most recent tariff update for Ecuador involves the application of the 10% baseline tariff by the United States on Ecuadorian goods. While higher tariffs were initially considered, they are currently on hold. Ecuador is also actively pursuing its own trade agreements and has recently implemented a notable tariff on imports from Mexico.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Ecuador by value are: Mineral fuels, oils, distillation products ($3.73 Billion) Fish, crustaceans, molluscs, aquatic invertebrates ($1.42 Billion) Specifically, the US imported $73.03 million of crustaceans from Ecuador in 2024.   In 2023, the US imported $156 million in processed fish from Ecuador. Edible fruits, nuts, peel of citrus fruit, melons ($865.18 Million) A significant portion of this is likely bananas. Live trees, plants, bulbs, roots, cut flowers ($723.20 Million) Cocoa and cocoa preparations ($484.29 Million) Here's a breakdown of which US states can manufacture similar products, along with some company examples: Mineral fuels, oils, distillation products: Texas: A major hub for crude oil extraction and refining. Examples: ExxonMobil, Chevron, Valero Energy.   Louisiana: Also has significant oil and gas production and refining. Examples: Marathon Petroleum, Phillips 66.   California: While having environmental regulations, still has oil production and refining. Examples: Aera Energy, California Resources Corporation. Fish, crustaceans, molluscs, aquatic invertebrates (Seafood Processing and Aquaculture): Alaska: Wild-caught salmon, crab, and other seafood processing. Examples: Trident Seafoods, Peter Pan Seafoods.   Washington: Aquaculture of salmon, shellfish processing. Examples: Cooke Aquaculture Pacific, Taylor Shellfish Farms.   Louisiana: Shrimp, crawfish processing and some aquaculture. Examples: Acadiana Fish Company, LA Crawfish Co. North Carolina: Shrimp, crab, and finfish processing and aquaculture. Examples: SeaPak Shrimp & Seafood Co., Atlantic Coast Aquaculture. It's important to note that while these states can process and farm seafood, certain species predominantly come from specific regions (e.g., tropical shrimp farming is less common in colder US states). Edible fruits, nuts, peel of citrus fruit, melons (Agriculture): California: Produces a vast array of fruits and nuts, including citrus, berries, melons, and stone fruits. Examples: Driscoll's (berries), Wonderful Company (citrus, nuts), Prima Wawona (stone fruit).   Florida: Known for citrus fruits, particularly oranges and grapefruits, as well as melons and some tropical fruits. Examples: Tropicana Products (owned by PepsiCo), Florida's Natural Growers.   Washington: Major producer of apples, pears, and cherries. Examples: Tree Top, Stemilt Growers.   Georgia: Famous for peaches and pecans, also produces blueberries and other fruits. Examples: Lane Southern Orchards, Pearson Farm.   Live trees, plants, bulbs, roots, cut flowers (Horticulture): California: Large nursery and floriculture industries, producing a wide variety of plants and cut flowers. Examples: Ball Horticultural Company, Color Spot Nurseries. Florida: Significant production of tropical plants, foliage, and cut flowers. Examples: Costa Farms, Farmhouse Flowers.   Oregon: Known for nursery stock, Christmas trees, and cut flowers. Examples: Monrovia Nursery Company, Pacific Northwest Christmas Tree Association.   North Carolina: Growing nursery and floriculture sector. Examples: Briggs Nursery, Vannoy's Evergreens. Cocoa and cocoa preparations (Confectionery and Food Processing): It's important to clarify that cocoa beans are not commercially grown in the United States due to climate limitations. The US imports cocoa beans and processes them into various products.   States with major confectionery and food processing industries that use cocoa: Pennsylvania: Home to major chocolate and confectionery companies. Examples: Hershey Company, Mars, Inc.   Illinois: Large food processing sector including chocolate and baked goods. Examples: Blommer Chocolate Company, Mondelez International.   California: Significant food manufacturing, including chocolate and specialty foods. Examples: Ghirardelli Chocolate Company (owned by Lindt & Sprüngli), See's Candies.   It's crucial to understand that while certain states have the capacity for similar manufacturing or agricultural production, factors like climate, labor costs, and existing infrastructure can influence the specific types and volumes produced compared to imports from Ecuador. For example, the US relies heavily on imports for tropical fruits like bananas and cocoa beans due to climate constraints.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

​

Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

​

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

theboardiQ Logo

Economic
Relevance
Ranking

Get Great Talent. Subscribe.

Thanks for subscribing!

Info@theboardiq.com

265 Garnet Dr 

Livermore, CA 94550

  • Youtube
  • LinkedIn
  • X
  • Facebook
bottom of page