David Diaz

Photographer
   Bloomberg News: Shrimp product with negative effects of Russia’s invasion  by David Diaz 
Bloomberg News: Shrimp product with negative effects of Russia’s invasion
Location: Quito, Ecuador
Nationality: Ecuadorian
Biography: David Diaz is an Ecuadorian  visual storyteller. He is a member of Fluxus Foto and The Everyday Projects . He has worked in several State programs and NGOs as an educator through workshops and a producer of photographic and audiovisual... MORE
Public Story
Bloomberg News: Shrimp product with negative effects of Russia’s invasion
Copyright David Diaz 2022
Updated May 2022
Location machala, ecuador
Topics Media
After almost 4 months of conflict, the disruption between Russia and Ukraine has caused international sanctions imposed by the United States, United Kingdom, the European Union, Canada, Japan, Australia and other countries on Russia, this has affected different sectors of the world economy. and paralyzed international chains of various products.

For Ecuador, it has had undetermined results and will influence the economy this year. Exports and imports have slowed down, mainly those related to the Eurasian market. In 2021, this market represented 6.6% (USD 1,190 million) of Ecuador's total non-oil exports. Only in the case of Russia, exports to that country totaled USD 1,000 million, being the third destination country for non-oil exports last year.

At the product level, exports to Russia were concentrated in bananas (70%); shrimp (14%); and flowers (10%). Therefore, these sectors would be the most affected by the escalation of the international conflict. The banana and flower sectors have calculated losses of USD 85 million so far this year. Likewise, the shrimp industry has shown losses of USD 10 million, due to the closure of ports and limitations in its supply chain.


Assignment for 
Bloomberg News via Getty Images
Después de casi 4 meses de conflicto, el conflicto entre Rusia y Ucrania, ha causado sanciones internacionales impuestas por Estados Unidos, Reino Unido, la Unión Europea, Canadá, Japón, Australia y otros países a Rusia, esto afectado distintos sectores de la economía mundial y paralizado las cadenas internacionales de diversos productos.

Para el Ecuador, ha tenido resultados todavía indeterminados y va a influir en la economía de este año. Las exportaciones e importaciones se han ralentizado, principalmente aquellas relacionadas al mercado eurasiático. En 2021, este mercado representó el 6,6% (USD 1.190 millones) del total de exportaciones no petroleras de Ecuador. Solamente, en el caso de Rusia, las exportaciones a ese país sumaron USD 1.000 millones, siendo el tercer país de destino de las exportaciones no petroleras el año pasado.

A nivel de productos, las exportaciones hacia Rusia se concentraron en banano (70%); camarón (14%); y flores (10%). Por lo cual, estos sectores serían los más afectados ante la escalada del conflicto internacional. Los sectores bananero y floricultor han calculado pérdidas por USD 85 millones en lo que va del año. Asimismo, la industria camaronera ha evidenciado pérdidas por USD 10 millones, debido al cierre de puertos y limitaciones en su cadena de suministro.

Asignación para Bloomberg News via 
Getty Images
 
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