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Ecuador says mining exports nearly doubled in value in 2021 to $2 bln

oil

QUITO, Feb 16 (Reuters) – Ecuador’s mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the Ministry of Energy said on Wednesday.

President Guillermo Lasso, a conservative ex-banker, is betting on mining to diversify the country’s income streams, as it struggles with limited liquidity worsened by the COVID-19 pandemic.

Mining exports in 2021 were “99% more than what was exported in 2020, when a value of $1.05 billion was registered,” the ministry said in a statement.

The government originally projected that mining exports would be worth $1.6 billion last year.

Read the full article from Reuters here.

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