July 10, 2007
Ecuador's trade balance recorded a deficit of $71m for the first five month
Ecuador's trade balance recorded a deficit of $71m for the first five months of year, compared with a surplus of $897m 12 months ago. According to the Central Bank, exports in the period January to May fell 9% to $4.8bn from $5.3bn in the same period in 2006. Meanwhile, imports rose 11% to $4.9bn, compared with $4.4bn a year ago. Exports of oil and oil products accounted for 53% of the total, or $2.5bn while non-oil products accounted for 47% or $2.3bn.