The Central Bank of Ecuador has made available External Trade Price Indices, a new statistical tool intended to strengthen measurement of the external sector and improve analysis of the country’s exports and imports. The indices are aligned with international statistical standards and are designed to track changes in the prices of goods Ecuador trades with the rest of the world, including as adjustment factors for estimating volume indicators and real-term measures used in the National Accounts and broader economic analysis. The new methodology replaces calculations based solely on unit values derived from metric tons, which could distort results when products with different characteristics and technology levels were grouped together. Instead, it introduces a classification that compares homogeneous products and measures price and quantity movements more precisely. The indices use 2024 as the base year, with a reference value of 100, and include monthly series for price, volume and value indices, as well as monthly, cumulative and year-on-year price index changes for strategic export products.
Central Bank of Ecuador2026-05-29
Central Bank of Ecuador publishes new external trade price indices with 2024 base year and revised methodology
The Central Bank of Ecuador has introduced External Trade Price Indices to strengthen measurement of the external sector and improve analysis of exports and imports, aligned with international statistical standards. The new methodology replaces unit-value calculations with a classification of homogeneous products to better capture price and quantity movements, using 2024 as the base year and providing monthly series for price, volume and value indices, including changes in strategic export products.