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2023
Exports $585kWorld Rnk 98 / 156
Flag Rnk 313 / 1002
2023
Destination $79.9k Colombia
2022 - 2023
FASTEST GROWING MARKET $79.9kVenezuela
2023
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron0.072Rnk 531 / 1025
2023
Imports $266MWorld Rnk 46 / 220
Flag Rnk 17 / 1173
2023
Origin $1.54M China
2022 - 2023
FASTEST GROWING ORIGIN $1.54MSpain
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $585k 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 313th most exported product in Ecuador. The main destination of Coated Flat-Rolled Iron exports from Ecuador are: Colombia ($404k), Venezuela ($79.9k), Mexico ($75k), South Africa ($14.1k), and China ($7.19k).

The fastest growing export markets for Coated Flat-Rolled Iron of Ecuador between 2022 and 2023 were Venezuela ($79.9k), Mexico ($75k), and China ($7.17k).

Imports In 2023, Ecuador imported $266M in Coated Flat-Rolled Iron, becoming the 46th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 17th most imported product in Ecuador. Ecuador imports Coated Flat-Rolled Iron primarily from: China ($233M), Japan ($11M), South Korea ($5.34M), Germany ($4.94M), and Spain ($3.35M).

The fastest growing import markets in Coated Flat-Rolled Iron for Ecuador between 2022 and 2023 were Spain ($1.54M), Germany ($1.5M), and Chinese Taipei ($908k).

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 (2023)$585k
IMPORTS (2023)$266M
NET TRADE (2023)-$265M

In 2023, Ecuador exported $585k in Coated Flat-Rolled Iron. The main destinations of Ecuador exports on Coated Flat-Rolled Iron were Colombia ($404k), Venezuela ($79.9k), Mexico ($75k), South Africa ($14.1k), and China ($7.19k).

In 2023, Ecuador imported $266M in Coated Flat-Rolled Iron, mainly from China ($233M), Japan ($11M), South Korea ($5.34M), Germany ($4.94M), and Spain ($3.35M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Venezuela$79.9k (1%)
Mexico$75k (1%)
China$7.17k (32.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY Ecuador WERE (2022 - 2023):
Costa Rica-$427k (-100%)
Colombia-$242k (-37.4%)
El Salvador-$82.6k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Coated Flat-Rolled Iron were:
China $15.3B
South Korea $5.94B
Germany $4.47B
In 2023, Ecuador's main importing competitors in Coated Flat-Rolled Iron were:
United States $4.8B
Germany $3.27B
Poland $2.77B

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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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