June 2021 - No.

58
Published on July 29 2021

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1 Automo ve Sector in Ecuador 9 Tires Imports
2 Main Indicators 10 Tires Exports
3 Vehicles Sales 11 Motorcycles Imports
5 Assembled Vehicle Sales 12 Motorcycles Sales
6 New Technologies 13 Short-Term Indicators
7 Vehicles Imports 14 Macroeconomic Indicators
8 Vehicle Exports 15 Ecuadorian Vehicle Fleet

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1
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(May 2021) 460 USD millions FOB
(May 2021) 65.23 USD
(Jun 2021) -0.7%
(Jan-Dec 2020/2019) -7.8 %
Jan - Apr 2021 Jan - Jun 2021
USD 81.5 millions USD 1,630 millions

Jan - Jun 2021 Jan - Jun 2021 Jan - Jun 2021 Jan - Jun 2021
44,475 7,479 81 54,932

32
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 Historical Vehicle Sales (units) 2018-2021 (Jun)

2021 10.780

Vehicle Sales by Segments 2020 6.366

Segments Jun 21 Jun 20 Jan-Jun 21 Jan-Jun 20 Var May/Jun 21 Var Jun 21/20 Var Jan-Jun 21/20

SUV 4.572 2.228 21.906 11.477 32,6 % 105,2 % 90,9 %
AUTOMOBILE 3.128 2.039 17.291 12.460 6,1 % 53,4 % 38,8 % 2019 11.853
PICK UP 1.904 1.042 9.230 4.810 17,9 % 82,7 % 91,9 %
TRUCK 830 825 4.724 2.836 3,8 % 0,6 % 66,6 %
VAN 330 208 1.665 1.361 10,4 % 58,7 % 22,3 % 2018 12.590
BUS 16 24 116 241 -42,9 % -33,3 % -51,9 %
Total 10.780 6.366 54.932 33.185 18,0 % 69,3 % 65,5 % 0 5.000 10.000

Monthly Vehicle Sales (units)

11.736 12.088 11.554 12.052 11.715 11.687

10.324 10.554 10.780
11.690 11.360 11.853 11.757 9.412 9.941 9.789
10.000
10.762 10.226 10.639 8.665 9.139
10.118 10.212 8.491
9.729 7.686 9.224 9.550
6.366 7.567 8.100 8.633
5.000
3.573
2.861
761
0
2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2021 2021 2021 2021 2021 2021
h) i) j) k) l) a) b) c) d) e) f) g) h) i) j) k) l) a) b) c) d) e) f) g) h) i) j) k) l) a) b) c) d) e) f)
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Source: AUTOPLUS - Asociación de Empresas

3 Automotrices del Ecuador (AEADE).
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 Market Share by Province (units) Light Vehicles*
2021 (Jun)

LOJA 2,0%
EL ORO 2,5% PICHINCHA 37,7%
IMBAB… 2,6%
Markets Share by Brand Light Vehicles* 2021 (Jun) Market Share by Brand Commercial Vehicles** 2021 (Jun) MANABI
4,6%
MG CAMC
CHANGAN 1,3% 0,3% CHEVROLET 21,8% KIA 1,4% 0,2% AZUAY 5,9%
FORD 1,4% FUSO 2,0% HINO 20,6%
MITSUBI… 1,5% PEUGEOT 2,9%
TUNGURAHUA
SOUEA… 1,7% DFSK 3,4% 6,1%
JETOUR 2,0% JMC 3,6%
MAZDA 2,4%
JAC 2,9% CHERY 3,8%
VOLKSWAGEN
3,8% CITROEN 4,2% CHEVROLET GUAYAS 29,9%
KIA 15,5% 16,3%
CHERY 4,3% HYUNDAI 4,3%
RENAULT 4,5% SINOTRUK 4,8% Market Share by Province (units) Commercial
GREAT WALL 5,5%
HYUNDAI 7,2% FOTON 5,7% JAC 11,1% Vehicles** 2021 (Jun)
TOYOTA 7,2% SHINERAY 7,5%

IMBABURA 1,7%
Market Share: Imported vs. Assembled (% Share) SANTO DO… 2,6% PICHINCHA 34,4%
EL ORO 3,0%
Assembled Imported
MANABI 3,3%
100 % 89,1 % 89,2 %
86,3 % 86,6 % 84,4 % 83,5 % 87,2 % 87,0 % 84,5 %
82,0 % 82,6 % 82,9 %
91,6 % AZUAY 8,2%
85,5 % 86,3 % 84,4 %
80,4 % 81,6 %

50 %
TUNGURAHUA
8,8%
15,6 % 19,6 % 18,0 % 17,4 % 18,4 % 16,5 % 15,6 %
14,5 % 13,4 % 10,9 % 13,7 % 13,0 %
8,4 %
13,7 % 17,1 % 15,5 %
0% 10,8 % 12,8 %

2020 a) 2020 2020 c) 2020 2020 e) 2020 f) 2020 2020 2020 i) 2020 j) 2020 k) 2020 l) 2021 a) 2021 2021 c) 2021 2021 e) 2021 f) GUAYAS 31,4%
JAN b) FEB MAR d) APR MAY JUN g) JUL h) AUG SEP OCT NOV DEC JAN b) FEB MAR d) APR MAY JUN

*Light vehicles Automobile, SUV, Pick up Source: AUTOPLUS - Asociación de Empresas

4 **Commercial vehicles: Bus, Truck, VAN Automotrices del Ecuador (AEADE).
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 Historical Sales of Assembled Vehicles (units) 2018-2021 (Jun)
3.494

3.000

2.000 1.828
1.667

991
1.000

0
2018 2019 2020 2021

Monthly Sales of Assembled Vehicles in Ecuador (units)

2.923 3.035
3.000
2.630
2.413 2.451 2.482
2.327 2.272
2.484 1.968 2.459
2.000 1.890 1.825
2.120 2.108 1.667
1.481 1.577 1.580
1.828 1.741 1.366 1.512 1.423
1.661 1.250
1.398 991 1.386
1.000
1.109 1.119
477 918
311
64
0
2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2021 2021 2021 2021 2021 2021
h) i) j) k) l) a) b) c) d) e) f) g) h) i) j) k) l) a) b) c) d) e) f) g) h) i) j) k) l) a) b) c) d) e) f)
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
Source: AUTOPLUS - Asociación de Empresas
5 Automotrices del Ecuador (AEADE).
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 Monthly Electric Vehicles Sales (units)
61
60

40

20 23
20 16 14 15 16 18
8 11 9 9
7 4 4 7 6 17
3 3 3 13 3
0
N L G P T V C N B R N L G P T V C N B R R Y N
) JU ) JU ) AU i) SE ) OC NO l) DE ) JA ) FE MA ) JU ) JU ) AU i) SE ) OC NO l) DE ) JA ) FE MA ) AP ) MA ) JU
9f 9 g h 9 9 j k ) 9 a 0 b c ) 0 f 0 g h 0 0 j k ) 0 a 1 b c ) d e 1 f
1 1 9 1 9 1 0 0 2 2 0 2 0 2 1 1 1 1 2
20 20 201 20 201 201 20 20
2 2
20 202 20 20 202 20 202 202 20 20
2 2
20 202 202 202 20

Monthly Hybrid Vehicles Sales (units)

420
400

253 254
216
200
186
142 129 132 215
115 116 106 96 110 183
89 76
114 101 102 32 37
92 8 75
0
N JUL UG SEP CT OV DEC JAN FEB AR PR AY N UL G EP CT V EC N EB AR PR AY N
) JU ) ) A 9 i) ) O k) N l ) ) ) M d) A ) M f) JU g) J ) AU i) S j) O ) NO l) D a) JA b) F ) M d) A ) M f) JU
1 9f 1 9 g
9 h 1 9 j
9 1 9 0 a 0 b
0 c )
0 0 e
2 0 20 0 h 20 0 0 k 2 0 1 1 1 c 1 1 e
2 1
20 20 201 20 201 201 20 20
2 2
20 202 202 202 20 20 202 20 202 202 20 20
2 2
20 202 202 202 20

Source: AUTOPLUS - Asociación de Empresas

6 Automotrices del Ecuador (AEADE).
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 Historical Vehicle Imports (units) 2018-2021 (Jun)

2021 8.931

Monthly Vehicle Imports (units)

9.693
8.990

8.931
8.415
10.000
8.380
8.371
10.451

8.119

8.038
7.843
7.823

7.544

7.507
7.358

7.077
2020 2.727

6.050
5.936

5.534
5.484
4.767

4.073
3.865
5.000

2.727
979
405

2019 10.451
0
UN UL UG EP CT OV EC AN EB AR PR AY UN UL UG EP CT OV EC AN EB AR PR AY UN
f) J g) J h) A 9 i) S j) O k) N l) D a) J b) F c) M d) A e) M f) J g) J h) A 0 i) S j) O k) N l) D a) J b) F c) M d) A e) M f) J
19 019 19 201 019 19 19 20 020 20 020 20 020 020 20 202 020 20 20 21 021 21 021 21 021
20 2 20 2 20 20 20 2 20 2 20 2 2 20 2 20 20 20 2 20 2 20 2

2018 8.913

0 5.000 10.000

Source: SENAE- Servicio Nacional de Aduana

7 del Ecuador
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 Historical Vehicle Exports (units) 2018-2021 (Jun)

2021 25

Monthly Vehicle Exports (units)

400
370

300
261 2020 0
229
210
200 222
165
147

101 110
100 90
74 75
33
2019 74
22 22 25
47 53
0 0 0 0 0 1
0
J… UG SEP OCT OV DEC JAN FEB AR PR AY N UL G EP CT V EC N EB AR PR AY N
9 f) ) A i) j) ) N l) a) b) ) M d) A ) M f) JU g) J ) AU i) S j) O ) NO l) D a) JA b) F ) M d) A ) M f) JU
1 h 9 9 k 9 c e 0 0 h 0 0 k 0 c e 1
20 019 201 201 019 201 2020 2020 020 020 020 202 202 020 202 202 020 202 2021 2021 021 021 021 202
2 2 2 2 2 2 2 2 2 2

2018 63

0 20 40 60 80

Source: SENAE- Servicio Nacional de Aduana

8 del Ecuador
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 Total Tires Imports by Segment (units) 2017-2021 (Jan-Jun)
Segment AGRICULTURAL BUS & TRUCK INDUSTRIAL-CONSTRUCTION LIGHT MINING MOTORCYCLE OTHER

1,5 mill.

970.349

840.153

1.359.509
1,0 mill.

1.092.405
1.056.829

454.053

444.198
315.249

280.880

239.528

214.991
201.561
204.726

199.813

135.794
0,5 mill.

25.765
29.864

20.580
24.670

19.339

17.840
6.455

6.185

5.167

4.905
6.976

7.807

3.401

3.928

1.399

324

474
54
14
0,0 mill.
2017 2018 2019 2020 2021

Total Tires Imports* (million USD-CIF) 2017-2021 (Jan-Jun) Total Tires Imports* (units) 2017-2021 (Jan-Jun)

100 mill.
2,0 mill.

97,3 mill.

2.042.241
82,0 mill.
79,7 mill.

1,5 mill.

1.659.592
1.637.793
76,0 mill.

1.603.825
58,6 mill.

1.251.734
50 mill.
1,0 mill.

0,5 mill.

0 mill. 0,0 mill.

2017 2018 2019 2020 2021 2017 2018 2019 2020 2021

Source: SENAE- Servicio Nacional de Aduana

9
*Airplane and bicycle segments are excluded
del Ecuador
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 Historical Tires Exports (units) 2018-2021 (Jun)

2021 70.007

Monthly Tires Exports (units)

100.000

74.849
72.995

72.993
71.859

70.007
68.010

67.098
66.849

63.281
88.950

59.001

55.643
2020 32.212
84.611

84.386
83.962

83.934
53.550
79.512
78.090

48.454
77.992

77.043

38.957
32.212
50.000

22.267

5.593

0
L L 2019 77.992
AY N G EP CT V EC N EB R R AY N G EP CT V EC N EB R R AY N
) M f) JU g) JU ) AU i) S j) O ) NO l) D a) JA b) F ) MA ) AP ) M f) JU g) JU ) AU i) S j) O ) NO l) D a) JA b) F ) MA ) AP ) M f) JU
e 9 9 h 9 9 k 9 0 c d e 0 0 h 0 0 k 0 1 c d e 1
19 201 201 019 201 201 019 201 2020 202 020 020 020 202 202 020 202 202 020 202 2021 202 021 021 021 202
20 2 2 2 2 2 2 2 2 2 2

2018 70.913

0 20.000 40.000 60.000 80.000

Source: SENAE- Servicio Nacional de Aduana

10 del Ecuador
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 Historical Motorcycle Imports (units) 2018-2021 (Jun)

2021 6.996

Monthy Motorcycle Imports (units)

7.640 7.702 7.824

8.000
7.007 6.996
6.454 2020 2.971
5.830
6.000 5.402 5.192 5.132 5.156 5.219
4.870 4.584 4.536
3.865 4.083 4.017
4.000 3.481
2.649
2.000
839 2019 5.402
0
2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2021 2021 2021 2021 2021 2021
e) f) g) h) i) j) k) l) a) b) c) d) e) f) g) h) i) j) k) l) a) b) c) d) e) f)
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

2018 3.777

0 2.000 4.000 6.000

Source: SENAE- Servicio Nacional de Aduana

11 del Ecuador
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 Historical Motorcycles Sales (units) 2018-2021 (May)

2021 14.506

Monthly Motorcycle Sales (units)

20.000

14.955 15.687 15.663

15.000
14.433 14.506
13.482 13.400 13.056 2020 7.189
12.557 12.445 12.168 12.418 14.385
11.958 13.751
12.376 9.971 12.675 12.784
10.000
11.957
11.195
9.995 7.189 9.530
4.928
5.000

1.155
2019 13.482
0
… N L G P T V C N B R R Y N L G P T V C N B R R Y N
9 e) f) JU g) JU ) AU i) SE ) OC ) NO l) DE ) JA ) FE MA ) AP ) MA f) JU g) JU ) AU i) SE ) OC ) NO l) DE ) JA ) FE MA ) AP ) MA f) JU
1 9 9 h 9 j k 9 a b c) d e 0 0 h 0 j k 0 a b c) d e 1
20 201 201 019 201 019 019 201 020 020 020 020 020 202 202 020 202 020 020 202 021 021 021 021 021 202
2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Note.: June 2021 is provisional data

2018 12.401

0 5.000 10.000 15.000 20.000

Source: SRI - Base de matriculación del

12 Servicio de Rentas Internas
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 Employed Population (Dec 2019 - Jun 2021)
Población con Empleo Empleo Adecuado/Pleno

8 mill.
7,4 mill.
7,8 mill. 7,8 mill. 7,8 mill. 7,8 mill. 7,9 mill. 7,9 mill.
7,7 mill. 7,7 mill.

6 mill.
6,6 mill.
Employment in Ecuador has been showing signs of recovery since
September 2020. However, it is evident that adequate employment
has deteriorated structurally and formal employment has not yet
4 mill.
reached its pre-pandemic values.
3,1 mill. 3,0 mill. 2,8 mill. 2,8 mill. 2,7 mill. 2,7 mill.
2,5 mill.
2,7 mill. 2,6 mill.
The vaccination capacity in Ecuador has grown by more than 400% 2 mill.
1,3 mill.
since the corporate vaccination campaigns began. During the
month of July, 10 million administered doses have been reached.
2019 a) DIC 2020 a) 2020 b) SEP 2020 c) DIC 2021 a) ENE 2021 b) FEB 2021 c) MAR 2021 d) ABR 2021 e) MAY 2021 f) JUN
MAY-JUN

Progress of Covid-19 Vaccination Plan in Ecuador

Primera dosis Segunda dosis

2.007.491
2 mill.
1.656.047

1.044.547
1 mill.
575.055
321.417 271.388 271.726 335.827 303.178
146.731 201.502 170.792 161.115 216.458 131.312
3.234 2.813 59 102 13.597 13.827 29.945 54.783 42.266 32.101 72.766 51.856
0 mill. 0 1 46 1.965 1.788 2.220 224 13.036 13.528 29.166 47.388 32.843 44.327 47.484 32.263 40.463 130.756 142.812 212.311 158.536 183.466 132.019 134.930 244.542 187.860 176.377
a) Week b) Week c) Week d) Week e) Week f) Week g) Week h) Week i) Week j) Week k) Week l) Week m) n) Week o) Week p) Week q) Week r) Week s) Week t) Week u) Week v) Week w) Week x) Week y) Week z) Week z.1)
of of of of of of of of of of of April of April Week of of April of April of May of Mary of May of May of June of June of June of June of July 1 of July 8 of July Week of
January January Februa… Februa… Februa… Februa… March 4 March March March 1 to 8 to April 15 22 to 29 to 6 to 13 to 20 to 27 to 3 to 10 to 17 to 24 to to July 7 to July 15 to July 22
21 to 28 to 4 to 11 to 18 to 25 to to 11 to 18 to 25 to April 7 April 14 to April April 28 May 5 May 12 May 19 May 26 June 2 June 9 June 16 June 23 June 30 14 July 21 to July
January Februa… Februa… Februa… Februa… March 3 March March March March 21 27
27 3 10 17 24 10 17 24 31

13 Source: MSPE/Bloomberg
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 FOREING TRADE May 2021 May 2020

1) Exports (FOB USD millions)    
1.1) Non Oil Exports 1.412 1.224
1.2) Oil Exports 821 224
1.3) Total Exports 2.232 1.448
2) Imports (FOB USD millions)    
2.1) Non Oil Imports 1.468 1.092
GDP Jan - Dec 2020 Jan - Dec 2019 Variation
  2.2) Oil Imports 304 82
Nominal GDP (USD millions) 98.808 107.436 -8,0 % 2.3) Total Imports 1.772 1.175
Real GDP (USD millions of 2007) 66.308 71.909 -7,8 % 3) Trade Balance (FOB USD millions)    
3.1) Non Oil Trade Balance (USD FOB million) -56 132
3.2) Oil Trade Balance (USD FOB million) 517 141
Oil May 2021 May 2020
 3.3) Total Trade Balance (USD FOB million) 460 273
WTI (average price) 65,23 28,57

Labor Market June 2021 June 2019

Inflation June 2021 June 2020 

1) Working-age population 12.659.586 12.316.194
Accumulated 0,6 % 0,4 %
2) Economically active population 8.332.656 8.231.949
Monthly -0,2 % -0,6 %
2.1) Employed population 7.905.781 7.865.786
Annual -0,7 % 0,2 %
2.2) Appropiate employment 2.604.263 3.123.743
2.3) Underemployment 1.917.390 1.667.278
Foreing currency exchange June 2021 June 2020 2.4 ) Unpaid employment 1.074.505 855.741

USD/COP 3.752,35 3.743,92 2.5) Other non-full employment 2.254.112 2.169.741
USD/BRL 4,98 5,48 2.6) Unclassified employment 55.511 49.282
3) Unemployment 426.875 366.163
USD/PEN 3,86 3,54
4) Economically inactive population 4.326.930 4.084.245
USD/EURO 0,84 0,89

Source:BCE- Banco Central del Ecuador/ ENEMDU

14 Elaboration: AEADE- Asociación de Empresas Automotrices del Ecuador
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