Impact of non-oil imports from China, in the trade balance of Ecuador, 2013-2017 period

Abstract

Ecuadorian non-oil imports from China in recent years have had a significant effect on the trade balance, generating knowledge about Ecuador's situation during the period analyzed, in macroeconomic aspects such as the trade balance that affected the gross domestic product (GDP) on an average of 3%; imports from China have resulted in capital outflows of $ 15,262 million; causing macroeconomic instability, among others. The significant amount of information available in this regard, which constitutes a secondary source of information, which allowed a comparative percentile analysis of non-oil imports and exports of the data collected. This analysis allowed certain conclusions to be drawn up a priori, for example, that in order to generate development and growth in Ecuador, production and industrialization must be supported, generating strategies such as bilateral cooperation and mutual support agreements and agreements that favor the parties; opening markets in other latitudes, which contribute to improving national accounts and a possible trade balance with China.