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.
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 exports 37.15 billion current US$ (2025)
- Manufactures exports 4.9% (2024)
- Food exports 53.7% (2024)
- Merchandise imports 32.65 billion current US$ (2025)
- Manufactures imports 59.2% (2024)
- Food imports 12.2% (2024)
- Merchandise trade 53.6% (2025)
- Commercial service exports 4.02 billion current US$ (2025)
- Transport services 35.5% (2025)
- Computer, communications and other services 27.1% (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).