With Ecuador, Pakistan also enjoys friendly relations marked by mutual respect and cooperation. Both countries are interested in expanding trade relations, with Pakistan focusing on promoting its textiles, leather, and pharmaceutical products. Ecuador, with its rising demand in these sectors, represents a valuable market. Continued diplomacy and cooperation in international platforms further solidify this relationship, allowing both nations to explore new avenues for economic and cultural exchange. Ecuador's export strengths in oil and bananas present opportunities for trade diversification with Pakistan.
Trade Figures for the last five years are as under:
|
Aggregate Bilateral Annual Trade with Ecuador |
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|
Million $ |
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|
Years |
Exports |
Imports |
Total Trade |
Trade Balance |
|
2018-19 |
9.67 |
0.24 |
9.91 |
9.43 |
|
2019-20 |
6.06 |
0.29 |
6.35 |
5.77 |
|
2020-21 |
5.73 |
0.89 |
6.62 |
4.84 |
|
2021-22 |
8.40 |
0.38 |
8.78 |
8.02 |
|
2022-23 |
8.26 |
0.14 |
8.4 |
8.12 |
|
2023-24 |
6.78 |
0.33 |
7.11 |
6.45 |