Binding coverage, primary products in Ecuador
Ecuador: Binding coverage, primary products was 93.5% in 2022. ▼ Falling
Binding coverage, primary products in Ecuador, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, binding coverage, primary products in Ecuador stood at 93.5%. That is the lowest value across all 26 years on record.
The figure is down 2.2% over ten years.
Over the whole period, binding coverage, primary products in Ecuador peaked at 97.3% in 2002 and was at its lowest, 93.5%, in 2019.
That places Ecuador 38th out of 158 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Binding coverage, primary products in Ecuador, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 97.1% | — |
| 1997 | 97.1% | +0.0% |
| 1998 | 97.1% | +0.0% |
| 1999 | 97.1% | +0.0% |
| 2000 | 97.1% | +0.0% |
| 2001 | 97.1% | +0.0% |
| 2002 | 97.3% | +0.2% |
| 2003 | 97.3% | +0.0% |
| 2004 | 97.3% | +0.0% |
| 2005 | 97.3% | +0.0% |
| 2006 | 97.3% | +0.0% |
| 2007 | 97.3% | +0.0% |
| 2008 | 95.6% | -1.7% |
| 2009 | 95.6% | +0.0% |
| 2010 | 95.6% | +0.0% |
| 2011 | 95.6% | +0.0% |
| 2012 | 95.6% | +0.0% |
| 2014 | 93.7% | -2.0% |
| 2015 | 93.7% | +0.0% |
| 2016 | 93.7% | +0.0% |
| 2017 | 93.7% | +0.0% |
| 2018 | 93.6% | -0.1% |
| 2019 | 93.5% | -0.1% |
| 2020 | 93.5% | +0.0% |
| 2021 | 93.5% | +0.0% |
| 2022 | 93.5% | +0.0% |
Ecuador compared with similar countries
- Ecuador's 93.5% is above the median for upper middle income countries, which is 58.4%, 1.6× the median. (45 countries reporting)
- Ecuador's 93.5% is above the median for Latin America & Caribbean, which is 91.4%, 1.0× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 97.1% | 97.1% | 97.1% | 4 |
| 2000s | 96.9% | 95.6% | 97.3% | 10 |
| 2010s | 94.3% | 93.5% | 95.6% | 9 |
| 2020s | 93.5% | 93.5% | 93.5% | 3 |
Countries ranked near Ecuador
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.2% (2024)
- Manufactures imports 59.2% (2024)
- Merchandise imports 32.65 billion current US$ (2025)
- Food exports 53.7% (2024)
- Manufactures exports 4.9% (2024)
- Merchandise exports 37.15 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2851 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.93 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, primary products in Ecuador?
- Binding coverage, primary products in Ecuador was 93.5% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in Ecuador?
- The highest recorded value was 97.3% in 2002.
- What is the lowest binding coverage, primary products recorded in Ecuador?
- The lowest recorded value was 93.5% in 2019.
- How does Ecuador rank for binding coverage, primary products?
- Ecuador ranks 38th out of 158 countries with data for 2022.
- Is binding coverage, primary products rising or falling in Ecuador?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is falling.
- Where does this Ecuador data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).