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Non-oil exports increase in Ecuador in first six months

Staff Writer |
Non-oil exports grew in the first six months of 2017 in Ecuador, reporting $6.13 billion, 10.5% more compared to the same period in 2016.

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A report by the Central Bank and quoted by the Institute for the Promotion of Exports and Investments PRO Ecuador, indicated that the FOB (free on board) sales also increased, reaching 5,245 tons in the first six months of 2017.

This figure represents a 7.1% hike compared to 4.8 tons exported in the same period in 2016.

During 2017 first half, 81% of non-oil exports included bananas, aquaculture, fisheries, cocoa and processed cocoa, flowers-plants and agriculture-industry.

Increased exports were reported to the European Union (12.35%), the United States (10.3%), Vietnam (27.2%), Russia (12.0%), China (0.3%), Chile (16.9%), Argentina (26.7%) and South Korea (98.9%), said PRO Ecuador.