December No.52 Published on January 26, 2021

(1)

December 2020 - No.52

Published on January 26, 2021

(2)

Automo ve Sector in Ecuador

Main Indicators

Vehicles Sales

Assembled Vehicle Sales

Tires Imports

Motorcycles Imports

Motorcycles Sales

1

2

3

5

6

7

8

9

10

11

12

13

14

15

New Technologies

Vehicles Imports

Short-Term Indicators

Macroeconomic Indicators

Vehicle Exports

Ecuadorian Vehicle Fleet

(3)

(4)

3.124 USD millions FOB

(Jan-Nov 2020)

(Jan-Dec 2020)

-0.93%

38,66 USD

-7.7 %

(Jan-Sep 2020)

(

Dec 2020

)

USD 155 millions

USD 1.477 millions

Jan - Dec 2020

85.818 Jan - Dec 2020

1.024 Jan - Dec 2020

14.052 Jan - Dec 2020

58.633 (Jan - Jun 2020)

2

(5)

3 Source:

AUTOPLUS - Asociación de Empresas

Automotrices del Ecuador (AEADE).

Vehicle Sales by Segments

Segments

Dec 20 Dec 19 Jan-Dec 20



Jan-Dec 19 Var Dec/Nov 20 Var Dec 20/19 Var Jan-Dec 20/19

SUV

AUTOMOBILE

PICK UP

TRUCK

VAN

BUS

3,977

2,999

1,530

785

244

15 3,909

3,975

1,576

639

294

161 32,791

28,545

13,459

7,692

2,926

405 45,266

54,192

18,406

7,915

4,678

1,751

-0.5 %

-1.9 %

-9.8 %

-10.2 %

-17.6 %

-28.6 %

1.7 %

-24.6 %

-2.9 %

22.8 %

-17.0 %

-90.7 %

-27.6 %

-47.3 %

-26.9 %

-2.8 %

-37.5 %

-76.9 %

Total

9,550 10,554

85,818

132,208

-3.9 %

-9.5 %

-35.1 %

Monthly Vehicle Sales (units)

0 5,000 10,000 2018 a) JAN 2018 b) FEB 2018 c) MAR 2018 d) APR 2018 e) MAY 2018 f) JUN 2018 g) JUL 2018 h) AUG 2018 i) SEP 2018 j) OCT 2018 k) NOV 2018 l) DEC 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC

10,578

9,550

12,590

761 11,687

9,941

9,729

12,052

12,088

10,118

10,117

10,762

10,639

11,554

11,736

11,699

7,686

9,412

11,555

10,324

6,366

11,715

9,224

10,212

11,690

11,853

3,573

11,413

12,027

11,360

_10,226

2,861

7,567

11,757

8,665

10,554

Historical Vehicle Sales (units) 2017-2020 (Dec)

0 5,000 10,000 2017 2018 2019 2020

12,409

9,550

10,554

11,360

(6)

4 Source:

AUTOPLUS - Asociación de Empresas

Automotrices del Ecuador (AEADE).

**Commercial vehicles: Bus, Truck, VAN

*Light vehicles Automobile,

SUV, Pick up

Market Share by Province (units) Light Vehicles*

2020 (Dec)

PICHINCHA 36.6% GUAYAS 28.8% 6.8% AZUAY 6.5% 4.8% 2.8% SANTO D… 2.3%LOJA 1.8% 0.1% TUNGURAHUA MANABI IMBABURA NAPO

Market Share by Province (units) Commercial

Vehicles** 2020 (Dec)

PICHINCHA 30.0% GUAYAS 28.6% 13.5% AZUAY 11.4% 3.0% EL ORO 2.4%LOJA 1.9% TUNGURAHUA SANTO DOMINGO

Market Share: Imported vs. Assembled (% Share)

0% 50% 100% 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC 21% _17% 23% 9% 20% 16% 22% 15% 17% 17% 19% 14% 17% 20% 21% 16% 17% _13% 18% 18% 21% _19% 21% 11% 79% 83% 91% 77% 80% 84% 78% 85% 83% 83% 81% 86% 83% 80% 79% 83% 87% 84% 82% 82% 79% 81% 79% 89% Assembled Imported

Markets Share by Brand Light Vehicles* 2020 (Dec)

22.6%

KIA 21.0%

TOYOTA 7.2%

HYUNDAI 6.5%

5.8%

RENA… 4.5%

4.3%

JAC 4.2%

CHE… 2.7%

VOL… 2.5%

FORD 2.3%

DFSK 1.4%

DONGFE… 0.8% 0.2%

_CHEVROLET

GREAT WALL

NISSAN

FIAT

Market Share by Brand Commercial Vehicles** 2020 (Dec)

HINO 23.8%

JAC 11.1%

JMC 8.0%

DFSK 7.6%

CHEVROLET 7.4%

HYUNDAI 6.5%

6.0%

FOTON 5.5%

5.1%

4.0%

UD TRUC… 2.2%

KIA 1.3% 0.1%

SHINERAY

SINOTRUK

CITROEN

CAMC

(7)

Source:

AUTOPLUS - Asociación de Empresas

Automotrices del Ecuador (AEADE).

5 Historical Sales of Assembled Vehicles (units) 2017-2020 (Dec)

0 1,000 2,000 3,000 4,000 2017 2018 2019 2020

4,057

1,584

1,761

2,413

Monthly Sales of Assembled Vehicles in Ecuador (units)

0 1,000 2,000 3,000 4,000 2018 a) JAN 2018 b) FEB 2018 c) MAR 2018 d) APR 2018 e) MAY 2018 f) JUN 2018 g) JUL 2018 h) AUG 2018 i) SEP 2018 j) OCT 2018 k) NOV 2018 l) DEC 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC

3,696

1,584

67 1,931

2,484

1,505

2,534

3,035

3,494

1,866

2,120

1,702

1,841

1,379

2,310

3,346

2,327

2,108

3,361

3,522

1,398

2,923

2,507

1,005

1,616

1,425

3,370

2,630

2,413

2,018

482 3,002

_2,479

315 1,435

1,761

(8)

6 Source:

AUTOPLUS - Asociación de Empresas

Automotrices del Ecuador (AEADE).

Monthly Hybrid Vehicles Sales (units)

0 200 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC 142 253 8 75 106 116 101 129 92 102 115 ₁₁₀ 32 114 37 96 76 132 89

Monthly Electric Vehicles Sales (units)

0 5 10 15 20 25 2019 a) JAN 2019 b) FEB 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC

16

17

23

1

3

20

4

14

3

11

15

13

7

8

9

16

4

1

16

4

(9)

Monthly Vehicle Imports (units)

0 5,000 10,000 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC

8,

281 7,

838 7,

65

9 8,

242 9,

644 10,

45

1 _8,

990 7,

823 9,

693 7,

5

44 _8,

371 8,

380 7,

35

8 8,

119 4,

767

405

979 2,

727 3,

865 _4,

073

5 ,484

5 ,936

7,

077 7,

843 Historical Vehicle Imports (units) 2015-2020 (Dec)

0 2,000 4,000 6,000 8,000 2015 2016 2017 2018 2019 2020

2,340

7,843

8,380

939 7,809

7,025

7 Source:

SENAE- Servicio Nacional de Aduana

(10)

8 Monthly Vehicle Exports (units)

0 100 200 300 400 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC

125

22

370

0

47

205

53

165

261

147

222

87

75

0

74

110

118

210

229

90

0

90

101 Historical Vehicle Exports (units) 2017-2020 (Dec)

0 100 200 300 2017 2018 2019 2020

90

22

255

222 Source:

SENAE- Servicio Nacional de Aduana

del Ecuador

(11)

Total Tires Imports* (units) 2015-2020 (Jan-Dec)

0 mill. 1 mill. 2 mill. 3 mill. 4 mill. 2015 2016 2017 2018 2019 2020

2.8 mill.

3.8 mill.

3.3 mill.

2.9 mill.

3.5 mill.

Total Tires Imports* (million USD-CIF) 2015-2020 (Jan-Dec)

0 mill. 50 mill. 100 mill. 150 mill. 200 mill. 2015 2016 2017 2018 2019 2020

167 mill.

125 mill.

179 mill.

117 mill.

160 mill.

167 mill.

9 Total Tires Imports by Segment (units) 2015-2020 (Jan-Dec)

0 1,000,000 2,000,000 2015 2016 2017 2018 2019 2020 11,490 10,805 12,614 13,148 6,400 11,182 445,783 455,302 _342,042 317,081 414,029 391,790 49,727 38,141 55,320 44,382 42,033 55,579 1,508,641 1,797,291 2,345,129 _2,283,462 2,103,953 1,596,578 74 178 131 1,426 738,424 625,967 892,005 580,354 883,138 876,297 4,813 33,135 52,589 12,365 19,752 10,417

Segment AGRICULTURAL BUS & TRUCK INDUSTRIAL-CONSTRUCTION LIGHT MINING MOTORCYCLE OTHER

Source:

SENAE- Servicio Nacional de Aduana

del Ecuador

(12)

10 Monthly Tires Exports (units)

0 20,000 40,000 60,000 80,000 100,000 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC 63, 799 78, 892 65 ,915 75 ,966 84, 611 77, 992 88, 95 0 _72,995 77, 043 78, 090 68, 010 79, 5 12 83, 962 74, 849 48, 45 4 22, 267 5 ,5 93 32, 212 5 9, 001 66, 849 _71,85 9 84, 386 67, 098 63, 281

Historical Tires Exports (units) 2017-2020 (Dec)

0 20,000 40,000 60,000 80,000 100,000 2017 2018 2019 2020 68,864 63,281 93,192 79,512

Source:

SENAE- Servicio Nacional de Aduana

del Ecuador

(13)

11 Monthy Motorcycle Imports (units)

0 2,000 4,000 6,000 8,000 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC

2,930

4,196

4,364

4,870

5,402

3,865

5,830

5,192

7,007

4,083

5,132

3,481

839 2,649

4,584

5,156

4,017

7,640

6,454

Historical Motorcycle Imports (units) 2016-2020 (Dec)

0 2,000 4,000 6,000 2020 2019 2018 2017 2016

6,454

4,083

3,530

3,295

1,303

Source:

SENAE- Servicio Nacional de Aduana

del Ecuador

(14)

Source:

SRI - Base de matriculación del

Servicio de Rentas Internas

12 Monthly Motorcycle Sales (units)

0 5,000 10,000 15,000 20,000 2019 a) JAN 2019 b) FEB 2019 c) MAR 2019 d) APR 2019 e) MAY 2019 f) JUN 2019 g) JUL 2019 h) AUG 2019 i) SEP 2019 j) OCT 2019 k) NOV 2019 l) DEC 2020 a) JAN 2020 b) FEB 2020 c) MAR 2020 d) APR 2020 e) MAY 2020 f) JUN 2020 g) JUL 2020 h) AUG 2020 i) SEP 2020 j) OCT 2020 k) NOV 2020 l) DEC

11,395

8,504

15,687

1,155

12,445

15,663

14,955

9,995

12,675

9,595

13,482

11,957

13,400

12,376

13,179

12,557

4,928

14,433

13,056

9,878

11,958

_9,971

7,189

13,751

Historical Motorcycles Sales (units) 2015-2020 (Nov)

0 5,000 10,000 15,000 20,000 2015 2016 2017 2018 2019 2020

7,549

15,663

13,432

11,149

14,955

7,615

(15)

13 Until Q3 2020, Ecuador registered USD 897 million in FDI, which represents a growth of 45% y-o-y. In Q3 2020 there was an increase of 207% in relation to the previous quarter;

Mining and Construction were the sectors with the highest share (USD 473 million).

In Q3 2020, the flow of remittances reached 953.01 million USD, which shows a growth of 41% in relation to the previous quarter and a growth of 13% y-o-y. This recovery is

mainly due to the economic reactivation of countries with a high share of remittance flows to Ecuador, such as the United States, Spain and Italy.

Source:

BCE- Banco Central del Ecuador

Remittances Q1 2015- Q3 2020(million USD and percentage change)

0 200 400 600 800 1,000 -20% 0% 20% 40%

2015.I 2015.II 2015.III 2015.IV 2016.I 2016.II 2016.III 2016.IV 2017.I 2017.II 2017.III 2017.IV 2018.I 2018.II 2018.III 2018.IV 2019.I 2019.II 2019.III 2019.IV 2020.I 2020.II 2020.III 530 595 616 636 ₅₉₅ 669 666 671 626 699 752 763 715 767 768 780 736 810 846 843 721 677 953 -12.6% 40.7% -14.5% 12.2% _10.0% -6.5% 11.7% -6.3% 12.6% -6.8% -5.6% 7.3% -0.5% 0.7% 0.1% 1.6% 3.2% _1.5% -0.3% -6.1% 3.5% 7.6% 4.4% -11.2% 12.7% 14.3% -16.3% 12.4% 10.1% 2.1% 4.4% 4.8% 5.6% 3.0% 13.7% -2.0% -1.2% 9.8% 12.1% 8.1% 5.2% 2.2% 5.5% 12.9% 8.1% -6.0%

Remittances Variation rate (q/q-1) Variation rate (q/q-4)

Foreing Direct Investment in Ecuador Q1 2016- Q3 2020 (million USD)

0 500

0% 1,000%

2016.I 2016.II 2016.III 2016.IV 2017.I 2017.II 2017.III 2017.IV 2018.I 2018.II 2018.III 2018.IV 2019.I 2019.II 2019.III 2019.IV 2020.I 2020.II 2020.III 200 129 127 300 184 186 ₁₅₅ 100 332 222 230 605 210 281 129 330 270 154 473 -74.7% 207.1% 230.8% -33.2% -42.9% 163.7% 156.4% 136.4% -65.4% -35.2% -54.2% -38.8% 33.9% 1.1% -1.4% -16.7% 3.6% -18.1% -35.5% 9.0% 267.8% 503.9% -66.6% -45.1% -61.9% 80.5% -45.5% 26.7% -8.0%

FDI Variation rate (q/q-1) Variation rate (q/q-4)

897 million USD

(16)

14 Foreing currency exchange



Dec 2019

Dec 2020

USD/BRL

USD/COP

USD/EURO

USD/PEN

4.02 3,285.15

0.89

3.31

5.19 3,399.05

0.82

3.62 Source:

BCE- Banco Central del Ecuador/ ENEMDU

Elaboration:

AEADE- Asociación de Empresas Automotrices del Ecuador

Inflation



Dec 2019

Dec 2020

Monthly

Annual

Accumulated

-0.01 %

-0.07 %

-0.03 %

-0.93 %

GDP

Jan - Sep 2019

Jan - Sep 2020



Var %

Real GDP (USD millions of 2007)

Nominal GDP (USD millions)

54,055.17

81,027.99

49,918.31

74,056.08

-8.6 %

-7.7 %

Foreing Trade



Jan - Nov 2020 Jan - Nov 2019

1.1) Total Exports

1.2) Oil Exports

1.3) Non Oil Exports

2.1) Total Imports

2.2) Oil Imports

2.3) Non Oil Imports

3.1) Total Trade Balance (USD FOB million)

3.2) Oil Trade Balance (USD FOB million)

3.3) Non Oil Trade Balance (USD FOB million)

18,404.12

4,675.42

13,728.70

15,279.53

2,384.22

12,895.31

3,124.59

2,291.20

833.39 20,309.25

7,953.04

12,356.21

19,883.96

3,895.51

15,988.45

425.29 4,057.53

-3,632.24

Labor Market

Sep 2019

Sep 2020

1) Working-age population

2) Economically active population

2.1) Employed population

2.2) Appropiate employment

2.3) Underemployment

2.4 ) Unpaid employment

2.5) Other non-full employment

2.6) Unclassified employment

3) Unemployment

4) Economically inactive population

12,359,400

8,379,355

7,972,485

3,228,032

1,649,346

870,833

2,171,045

53,228

406,871

3,980,045

12,531,127

7,874,226

7,351,606

2,526,169

1,840,425

847,702

2,070,291

67,018

522,620

4,656,901

Oil

Jan - Dec 2020

Jan - Dec 2019

(17)

(18)

(19)