Latest Analysis
CAN Resolution 2582 Orders Ecuador-Colombia Tariff Withdrawal Within 10 Business Days; Colombian Exports Already Down 60%
The Andean Community issued Resolution 2582 on May 7, ordering Ecuador and Colombia to withdraw reciprocal tariffs within 10 business days. The ruling declares both countries' measures incompatible with the Cartagena Agreement. With Ecuador's rate at 75% and Colombian exports down 60% through March, industry leaders on both sides call current conditions unsustainable.
Ecuador April Sales Reach $24.37B: Mining +28.6% to $977M, Energy +28.4%, Real Estate +28.4% as Amazon Provinces Lead Growth
Ecuador's April 2026 commercial sales reached $24.37 billion — 12.7% above April 2025 and 23% above 2024. Mining and quarrying led with $977.3 million (+28.6%), while energy supply and real estate each grew 28.4%. Amazon provinces posted the fastest growth, with Zamora Chinchipe surging 41.5%.
MAGP Deploys $42.4M Agricultural Technification Program: Drone-Assisted Farming, Irrigation for 3,288 Hectares, 1,670 Apiary Kits Across 23 Provinces
Ecuador's Ministry of Agriculture (MAGP) is deploying a $42.4 million program targeting small and mid-scale producers across 23 provinces. The three-component initiative covers technified irrigation for 3,288 hectares, drone and mechanization subsidies at 75% government cost, and a 1,670-kit beekeeping expansion through 2027.
Recent Updates
Esmeraldas Refinery at 33-40% Capacity With FCC Unit Offline; Ecuador Now Imports 65% of Fuel Demand
Ecuador Banking Sector Posts $305M in Profits Through April; Credit Portfolio Reaches $53.4B at 12.8% Annual Growth
Government Expands 7x7 Credit Program by $100M, Opens BanEcuador Lending to Artisanal Fishers for First Time
Ecuador's $1B May Bond Placement Drew $7B in Demand; Country Risk at 404 Points — Lowest Since 2014
Caso Progen: Judicial Documents Trace $110M Through Personal Accounts — 21 Individuals Face Embezzlement Charges May 14