Page 123 - ecuador2011

121
www.ebizguides.com
Industry and Trade
Extracts and vegetable oils: In 2008, this sector ac-
counted for $248 million of turnover. The value of
these products grew by 57% and 1% respectively in
volume.
These exports represent 6% of total exports by value
in this sector and account for 8% in terms of volume.
Exports of crude oil account for 59% of total exports
of extracts and vegetable oils. Their main destina-
tions were Venezuela and the United Kingdom.
These exports grew by 34% in value in 2008 and fell
by 14% in volume.
Manufactures of metals: This industry represents 6%
of total industrial exports. The total exported value is
$ 237 million, down 1% in value and 7% in volume
compared to 2007.
Juices and canned fruit: In 2008, exports of these
products grew by 8% in value and 37% in volume.
They represent 5% of non-oil industrial exports
($162 million). Palm exports represent 44% of total
exports of juices and canned fruits. Their main des-
tinations are France, Venezuela, Argentina, Chile
and the U.S. These exports grew by 2% in value
in 2008 whilst volume decreased by 1% compared
to 2007. Passion fruit concentrate exports represent
28% of total exports of juices and canned fruits and
their main destinations were the Netherlands and the
U.S. The amount exported in 2008 fell in by 25% in
value and 36% in volume compared to 2007.
What are the main industrial imports of Ecuador?
Total imports for the industrial sector were worth
$7.443 million and registered a growth of 41% in
value, but only grew by 5% in volume. Industrial im-
ports represent 43% of total imports. The industry
imports are distributed as follows: 62% raw materials
and 38% capital goods.
Car industry is having a good year
Imports of industrial raw materials increased in value
by 42% but only by 4% in volume. The main non-oil
raw materials imported within this industry are:
Semi-chemical and pharmaceutical industry: Of
these products, $1.288 billion USD accounted for
imports; of this, there was a 35% increase in value
and a 15% rise in volume compared to 2007. Imports
of these products represent 27% of the total volume
of imports of raw materials for the industry.
Semi-processed mineral products industry: Im-
ports of these products increased by 83% in value
and 24% in volume compared to the previous year
($1,272 million). Imports of these products represent
27% of imports of raw materials for the industry.
Manufactured mineral products industry: In 2008,
$686 million USD of these products were imported,
an increase of 19% and 14% in value and volume re-
spectively. Imports of these products represent 14%
of imports of raw materials for the industry. In 2008,
a total of 2,846 million USD was imported in the capi-
tal goods industry, which represented an increase of
40% on the previous year.
Imports of industrial machinery account for 54% (an
approximated $678 million) of the manufacturing
industry whilst the rest comes from power genera-
tion and other activities. The import of cell phones
also accounts for a large percentage of Ecuadorian
imports.
Ecuador also produces sugar. Source: Azucarera Valdez