Japan currently for Ecuador, represents the most important
market in Asia, with a population of about 127 million people characterised by a high power of purchase ($28,700 a year) but at the same time by a high demand on quality and presentation of the demanded products.
Ecuador - Japan Trade Relations
Today, Japan is one of the largest importers of food in the world,
main pastime of the Japanese is to dine away from home, which stimulates the import and consumption of products, the eating habits of the Japanese determined that that country is a large importer of seafood and fish. All of this sets up a very important potential market for Ecuadorian exportable products.
Ecuador - Japan Trade Relations
Trade relations between Japan and Ecuador in recent years
have developed significantly, causing positive effects in the Ecuadorian economy, the injection of capital from that country is significant and it contributes to the development of the production system in the country.
Ecuador - Japan Total Trade Balance
Ecuador - Japan Trade Relations
Ecuadorian exports to Japan have relatively stable during the
last decade. This dynamism is based on variations of the exports of traditional products (bananas, fish, shrimp, coffee, cocoa, wood) before that in an expansion of the range of Ecuadorian exports.
Ecuador - Japan Trade Relations
Little diversification and concentration of
Ecuadorian exports to Japan is shown to know that around of 95% of non-oil exports, they belong to the category of food, among which dominate. exports of bananas, seafood - shrimp, tuna, prawns. Other important products are: coffee, elaborate coffee; fish meal; cocoa and cocoa; juices and fruit concentrates. Within the raw materials and industrial products, include timber exports in gross and industrialized.
Ecuador - Japan Trade Relations
Ecuador - Japan Trade Relations
With regards to imports, Japan is currently the eighth
supplier of Ecuador, passed by the United States, Colombia, Venezuela, Brazil, Chile, Panama and China, the 4.23% of total Ecuadorian imports came from Japan, being mainly imported products: vehicles, tractors and transport equipment; machinery and parts thereof; appliances and electrical equipment and parts thereof; rubber and rubber articles; aluminum and articles thereof; smelting, iron and steel.