Gold in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $930M in Gold, making it the 58th largest exporter of Gold in the world. At the same year, Gold was the 9th most exported product in Ecuador. The main destination of Gold exports from Ecuador are: Switzerland ($337M), United States ($334M), United Arab Emirates ($165M), India ($62M), and Italy ($31.2M).

The fastest growing export markets for Gold of Ecuador between 2021 and 2022 were United Arab Emirates ($120M), United States ($96M), and Switzerland ($80.2M).

Imports In 2022, Ecuador imported $191k in Gold, becoming the 140th largest importer of Gold in the world. At the same year, Gold was the 972nd most imported product in Ecuador. Ecuador imports Gold primarily from: Switzerland ($91.9k), United Arab Emirates ($58k), Italy ($23.6k), United States ($13.7k), and Germany ($3.45k).

The fastest growing import markets in Gold for Ecuador between 2021 and 2022 were Switzerland ($91.9k), United Arab Emirates ($58k), and Italy ($19.6k).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Gold from Ecuador to the United States.

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Gold exports accounted up to $53.4M and imports accounted up to $303, resulting in a positive trade balance of $53.4M. Between December 2020 and December 2021 the exports of Ecuador's Gold have increased by $14.6M (37.7%) from $38.8M to $53.4M, while imports decreased by $-17.4k (-98.3%) from $17.7k to $303.

Destinations In December 2021, Gold were exported mostly to Switzerland ($21.1M), United States ($19.6M), United Arab Emirates ($7.6M), India ($4.58M), and Italy ($454k), and were imported mostly from .

Growth In December 2021, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Switzerland ($9.89M or 117%) and United States ($6.08M or 31.8%). In February 2021, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$14.6M(37.7%)

IMPORT GROWTH (August 2013 - February 2021)$-17.4k(-98.3%)

MAIN DESTINATION (December 2021)Switzerland$21.1M

This section shows Gold's exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$930M

IMPORTS (2022)$191k

NET TRADE (2022)$930M

In 2022, Ecuador exported $930M in Gold. The main destinations of Ecuador exports on Gold were Switzerland ($337M), United States ($334M), United Arab Emirates ($165M), India ($62M), and Italy ($31.2M).

In 2022, Ecuador imported $191k in Gold, mainly from Switzerland ($91.9k), United Arab Emirates ($58k), Italy ($23.6k), United States ($13.7k), and Germany ($3.45k).

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