Ecuador sees growth in mineral exports despite pandemicChristian Fernsby ▼ | October 21, 2020
Despite the coronavirus pandemic, Ecuador exported an average of 41.32 million U.S. dollars of mineral products a month from January to July, 52.9 percent more than the monthly average registered in 2019, the Ministry of Energy and Non-Renewable Natural Resources reported.
Natural Ecuador mine
In August alone, mineral exports exceeded 120 million dollars, ranking fourth among Ecuador's best-selling products, after oil, bananas and shrimp, and representing 6.76 percent of the country's total exports for the month.
"Resources generated from mining exports contribute to the stability of Ecuador's economy," said the ministry.
According to data from Ecuador's Ministry of Economy and Finance, by 2021, mineral exports will generate 3.66 billion dollars in revenue, consolidating one of the country's most important non-oil exports. ■