Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
Ecuador is an important market for Canada, ranking sixth in the region for goods exports and seventh for Canadian investment in the region. Its agriculture sector has developed niche and high-value products such as seafood and floriculture. The mining and oil sectors also offer opportunities, particularly for green technologies. Electricity and renewable energy are also key, as Ecuador attempts to diversify its energy resources. But investors and exporters should be aware that, despite important recent improvements, Ecuador’s business environment still presents challenges and may be volatile, given Ecuador’s politics, which threaten continued growth.