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2023
Exports $1.23BWorld Rnk 14 / 111
Flag Rnk 6 / 1002
2023
Destination $27.4M China
2022 - 2023
FASTEST GROWING MARKET $27.4MMexico
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $2.98kWorld Rnk 82 / 102
Flag Rnk 1130 / 1173
2023
Origin $2.98k United States
2022 - 2023
FASTEST GROWING ORIGIN $2.98kUnited States
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.23B in Copper Ore, making it the 14th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 6th most exported product in Ecuador. The main destination of Copper Ore exports from Ecuador are: China ($1.17B), Mexico ($36.7M), Peru ($23.4M), Chinese Taipei ($880k), and Malaysia ($332k).

The fastest growing export markets for Copper Ore of Ecuador between 2022 and 2023 were Mexico ($27.4M) and Netherlands ($365).

Imports In 2023, Ecuador imported $2.98k in Copper Ore, becoming the 82nd largest importer of Copper Ore in the world. At the same year, Copper Ore was the 1130th most imported product in Ecuador. Ecuador imports Copper Ore primarily from: United States ($2.98k).

The fastest growing import markets in Copper Ore for Ecuador between 2022 and 2023 were United States ($2.98k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Copper Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.23B
IMPORTS (2023)$2.98k
NET TRADE (2023)$1.23B

In 2023, Ecuador exported $1.23B in Copper Ore. The main destinations of Ecuador exports on Copper Ore were China ($1.17B), Mexico ($36.7M), Peru ($23.4M), Chinese Taipei ($880k), and Malaysia ($332k).

In 2023, Ecuador imported $2.98k in Copper Ore, mainly from United States ($2.98k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Mexico$27.4M (296%)
Netherlands$365 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Ecuador WERE (2022 - 2023):
Peru-$38.1M (-61.9%)
China-$32.4M (-2.7%)
Chinese Taipei-$999k (-53.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ecuador's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
Indonesia $8.55B
In 2023, Ecuador's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $106M
TOP IMPORT POTENTIALPeru+ $1.83k

Copper Ore’s highest export potential is China. With an export gap of $106M.   Copper Ore’s highest import potential is Peru with an import gap of $1.83k.

See methodology.

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