Ecuador | Imports of goods and services (current US$)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Ecuador
Records
63
Source
Ecuador | Imports of goods and services (current US$)
1960 214480835.87655
1961 178045079.99655
1962 163881254.88109
1963 181649471.15668
1964 227656462.22541
1965 245638660.91858
1966 270002331.1166
1967 307238167.08203
1968 359393149.31852
1969 376645413.1529
1970 372412385.53267
1971 459682187.76794
1972 495423307.76442
1973 648350559.9182
1974 1237513769.0954
1975 1494854035.0828
1976 1634569959.0104
1977 2000105050.3191
1978 2213274158.3218
1979 2575839827.2773
1980 3196674206.9451
1981 3336485176.3995
1982 3538834101.5346
1983 2627142401.2102
1984 2652199403.5143
1985 2750017258.2667
1986 2677095328.6624
1987 3118843926.2407
1988 3087611966.1318
1989 3449082110.3309
1990 3326815544.6459
1991 3656282141.0705
1992 3740586293.1466
1993 4381543771.8859
1994 5336068034.017
1995 6016443221.6108
1996 5535280640.3202
1997 6613086543.2716
1998 7136267133.5668
1999 4483779889.945
2000 5010291145.5728
2001 6734248000
2002 7960638000
2003 7992504000
2004 9554409000
2005 11821905000
2006 13748900000
2007 15636623000
2008 20933400000
2009 16790125000
2010 22541700000
2011 26453861000
2012 27772113000
2013 29459627000
2014 30168281000
2015 23815449000
2016 19004701000
2017 22516333000
2018 25553987000
2019 24895603000
2020 19378950000
2021 26751297000
2022 32810251000

Ecuador | Imports of goods and services (current US$)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Ecuador
Records
63
Source