At a recent conference in Saudi Arabia, Ecuador's Minister of Economy and Finance, Sahira Moya, announced that the country has reached a significant economic milestone by exporting more shrimp than oil. The shrimp exports amount to $1.192 billion, which exceeds oil exports significantly. This development marks a substantial shift in the Ecuadorian economy, showcasing the effectiveness of policies implemented in collaboration with international partners such as the World Bank and the Inter-American Development Bank.

Moya emphasized that this achievement is the result of a virtuous cycle initiated through strategic policies and financial cooperation with various institutions. The minister noted the importance of consistent efforts and actions to achieve such remarkable results in the export sector. The figures presented were based on official data from the Central Bank of Ecuador, highlighting the growth of shrimp exports over other traditional commodities like crude oil, which have been a significant part of Ecuador's economy for many years.

The implications of this shift are far-reaching, signaling a diversification of Ecuador's export portfolio and a transition towards more sustainable and lucrative agricultural products. This change not only reflects the economic resilience of Ecuador but also positions it favorably in international markets where demand for seafood is on the rise. It underscores a transformational moment that was considered unthinkable just a few years ago, suggesting a bright future for Ecuador's economy as it evolves and adapts to global market trends.