
Quiñónez-Cabeza Manuel Ruvin, Quiñónez-Caicedo Luisa Nicole, Ortiz-Palafox Karla Haydée, Olmedo-Gregorio Farfán
González
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Espirales. Revista multidisciplinaria de investigación científica, Vol. 5, No. 38
July - October 2021. e-ISSN 2550-6862. pp. 17-32.
Table 1 shows the percentage share of Ecuadorian exports by continent, economic area
and country during 2015-2020. The percentages were calculated from total exports in
FOB value. In general, exports to the different destinations varied, with a decreasing
trend, mainly in 2019. As the table shows, exports were mainly destined to countries in
the Americas, but these varied, going from a share of 64.22% in 2015 to 50.19% in
2020. The main destination was the United States; likewise, exports maintained a
decreasing trend from 39.42% in 2015 to 23.66% in 2020. Likewise, exports to Latin
American countries also varied, with an increasing trend between 2015 to 2018,
however, they decreased in 2019 and 2020. Overall, exports to Latin American countries
constituted around 25% during the period analyzed.
In turn, exports to the countries of the Andean Community of Nations (CAN), comprising
Ecuador, Colombia, Peru and Bolivia, decreased. Like overall exports to Latin American
countries, they went from 9.57% in 2015, to 11.59% in 2018, while in 2019 and 2020
they represented 8.26% and 6.12% respectively. Although, exports reached a higher
share to Peru until 2018, they fell in 2019 and 2020, also for Bolivia.
On the other hand, towards the European Union, despite the variation in exports and a
drop in share from 15.25% in 2018 to 13.92% in 2019, it increased in 2020 to 16.32%.
While exports to Germany, Belgium, Italy and the United Kingdom fell in 2019, in
contrast, they increased in 2020. They also increased to the European Free Trade
Association and other countries in the rest of Europe. In contrast, exports to Asian
countries maintained a growing trend, especially to Hong Kong, China and Taiwan.
National factors affecting Ecuadorian export performance
The results of the latest trade policy review of Ecuador carried out by the WTO show
that Ecuador applies the Outward Foreign Exchange Tax (ISD). (2019a) The results of
Ecuador's latest trade policy review carried out by the WTO indicate that Ecuador
applies the Outward Foreign Exchange Tax (ISD), which in the case of exports must be
paid if the foreign exchange from the exports does not enter the country, this tax also
affects imports of capital goods or raw materials that are used in the manufacture of
finished products destined for the international market. (WTO, 2019b) This tax also
affects imports of capital goods or raw materials that are used in the manufacture of
finished products destined for the international market.
A study conducted by the International Trade Center (ITC) on Non-Tariff Measures
(NTMs) from a business perspective (2018) on Non-Tariff Measures (NTMs) from a
business perspective, through which information was obtained from 700 interviews with
different Ecuadorian companies, showed that a quarter of the factors reported by
exporters were related to regulations that Ecuador applies in the export process. The
study indicates that 85% of the obstacles of Non-Tariff Measures (NTM) were due to
procedures linked to public institutions. Other results yielded were: high costs and
excessive documentation to obtain certificates, regulation imposed by Ecuador on
exports, among these; technical requirements, licenses and other measures such as:
clearance to exports, inspections or non-technical reviews; delays in the export process
to obtain the necessary permits due to failures in the ECUAPASS system, inspections by