[REVISION HISTORY]

Ecuador and Peru economic developments

Updated 20 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-20 21:34 UTC → 2026-10-24 22:35 UTC · added ~~removed~~

The economic landscapes in Ecuador and Peru continue to evolve through sector-specific growth and structural reforms. In Peru, the government is accelerating its $64 billion mining ~~pipeline, while internal demand grew~~ pipeline by ~~5.2% in Q2 2026, driven~~ implementing regulatory reforms to reduce red tape, aiming to increase annual copper production by 1 million metric tons within 5 to 6 years. Infrastructure progress includes unblocking the US$404.8 million San Juan de Marcona port project following a ~~17.6% surge~~ land agreement with Shougang Hierro Perú. Mining investments in ~~private investment. Bilateral trade between Ecuador and~~ Peru ~~reached USD 1,226.7 million~~ rose by 43% in the first half of ~~2026, a 33.5% increase from 2025.~~ 2026. In Ecuador, macroeconomic indicators show ~~mixed~~ improving trends. ~~While the~~ The 2026 growth forecast ~~remains strong,~~ was revised upward from 1.8% to 2.7%. While the trade surplus ~~fell by 32% between January and August 2026 to $3.054~~ through July was $2.3 billion, ~~as imports rose 19%—driven largely by a 37% increase in fuel and lubricant imports. However,~~ non-oil exports reached a record USD 20.151 billion ~~during the same period,~~ between January and August 2026, a 5.2% increase from 2025. Animal feed ~~emerged as~~ remains a major growth sector, with exports rising 94.2% to USD 87.8 million, primarily destined for Peru. ~~Structural challenges persist~~ Guayaquil has also seen significant growth, with sales increasing 10.1% in ~~Ecuador, particularly regarding digital transformation. Data from~~ the ~~Pyme~~ first half of 2026, contributing 22.8% of the nation’s Gross Value Added. Structural and logistical challenges persist. Digital ~~program indicates that~~ maturity remains low, with 68% of companies ~~are~~ at ‘Initial’ or ‘Novice’ ~~levels of digital maturity, with only 13%~~ levels. Logistics costs average 17.9% of ~~MSMEs engaging in online sales. To address this,~~ sales nationally, rising to 26.4% for small companies. In the ~~Ministry of Infrastructure and Technology~~ energy sector, Petroecuador’s oil production is ~~promoting initiatives~~ approximately 460,000 barrels per day, while industrial players like ~~FeriaTech~~ Indurama are transitioning to ~~integrate e-commerce and digital payments. To support the agricultural sector, the government launched AGROPROTEGE, an insurance program allocating $24.55 million~~ natural hydrocarbons to protect 215,000 hectares against climate risks. While President Daniel Noboa announced fuel price decreases in September 2026, the Chamber of Distributors of Petroleum Derivatives (Camdeppe) warned that diesel commercialization remains in an “unsustainable” state. reduce CO2 emissions.

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