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2022
Exports $1.2MWorld Rnk 98 / 165
Flag Rnk 247 / 1017
2022
Destination $427k Colombia
2021 - 2022
FASTEST GROWING MARKET $427kCosta Rica
2022
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron0.04Rnk 538 / 1025
2022
Imports $342MWorld Rnk 47 / 218
Flag Rnk 12 / 1175
2022
Origin $14.9M China
2021 - 2022
FASTEST GROWING ORIGIN $14.9MSouth Korea
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $1.2M in Coated Flat-Rolled Iron, making it the 98th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 247th most exported product in Ecuador. The main destination of Coated Flat-Rolled Iron exports from Ecuador are: Colombia ($645k), Costa Rica ($427k), El Salvador ($82.6k), Peru ($27.2k), and South Africa ($11.3k).

The fastest growing export markets for Coated Flat-Rolled Iron of Ecuador between 2021 and 2022 were Costa Rica ($427k), Colombia ($265k), and El Salvador ($82.6k).

Imports In 2022, Ecuador imported $342M in Coated Flat-Rolled Iron, becoming the 47th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 12th most imported product in Ecuador. Ecuador imports Coated Flat-Rolled Iron primarily from: China ($244M), South Korea ($27.3M), Japan ($25.8M), Germany ($15.8M), and Mexico ($10.9M).

The fastest growing import markets in Coated Flat-Rolled Iron for Ecuador between 2021 and 2022 were South Korea ($14.9M), Japan ($11.7M), and Mexico ($10.9M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Coated Flat-Rolled Iron exports accounted up to $128k and imports accounted up to $34.5M, resulting in a negative trade balance of $34.3M. Between December 2020 and December 2021 the exports of Ecuador's   Coated Flat-Rolled Iron have increased by $100k (369%) from $27.2k to $128k, while imports increased by $16.9M (96.2%) from $17.6M to $34.5M.

Destinations In December 2021, Coated Flat-Rolled Iron were exported mostly to Colombia ($128k) and Spain ($15), and were imported mostly from China ($21.7M), India ($11.5M), Japan ($553k), Costa Rica ($372k), and France ($189k).

Growth In December 2021, the increase in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($4.33M or 31%), Germany ($1.15M or 223%), and Japan ($1.06M or 685%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$100k(369%)
IMPORT GROWTH (December 2020 - December 2021)$16.9M(96.2%)
MAIN DESTINATION (December 2021)Colombia$128k

This section shows Coated Flat-Rolled Iron'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 Coated Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.2M
IMPORTS (2022)$342M
NET TRADE (2022)-$341M

In 2022, Ecuador exported $1.2M in Coated Flat-Rolled Iron. The main destinations of Ecuador exports on Coated Flat-Rolled Iron were Colombia ($645k), Costa Rica ($427k), El Salvador ($82.6k), Peru ($27.2k), and South Africa ($11.3k).

In 2022, Ecuador imported $342M in Coated Flat-Rolled Iron, mainly from China ($244M), South Korea ($27.3M), Japan ($25.8M), Germany ($15.8M), and Mexico ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Costa Rica$427k (1%)
Colombia$265k (69.6%)
El Salvador$82.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY Ecuador WERE (2021 - 2022):
Chile-$151k (-100%)
Mexico-$40.3k (-100%)
Peru-$20.5k (-43%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Coated Flat-Rolled Iron were:
China $18B
South Korea $7.45B
Germany $4.59B
In 2022, Ecuador's main importing competitors in Coated Flat-Rolled Iron were:
United States $7.12B
Germany $3.93B
Poland $3.01B

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Trade Value of Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $18.1k
TOP IMPORT POTENTIALSouth Korea+ $5.64M

Coated Flat-Rolled Iron’s highest export potential is Colombia. With an export gap of $18.1k.   Coated Flat-Rolled Iron’s highest import potential is South Korea with an import gap of $5.64M.

See methodology.

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