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2023
Exports $1.5BWorld Rnk 48 / 167
Flag Rnk 4 / 1002
2023
Destination $299M United Arab Emirates
2022 - 2023
FASTEST GROWING MARKET $299MUnited Arab Emirates
2023
PRODUCT COMPLEXITY IN Gold-2.5Rnk 1019 / 1025
2023
Imports $142kWorld Rnk 141 / 174
Flag Rnk 969 / 1173
2023
Origin $98.3k Italy
2022 - 2023
FASTEST GROWING ORIGIN $98.3kItaly
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.5B in Gold, making it the 48th largest exporter of Gold in the world. At the same year, Gold was the 4th most exported product in Ecuador. The main destination of Gold exports from Ecuador are: United Arab Emirates ($463M), Switzerland ($380M), United States ($316M), India ($265M), and Italy ($74.7M).

The fastest growing export markets for Gold of Ecuador between 2022 and 2023 were United Arab Emirates ($299M), India ($183M), and Italy ($41M).

Imports In 2023, Ecuador imported $142k in Gold, becoming the 141st largest importer of Gold in the world. At the same year, Gold was the 969th most imported product in Ecuador. Ecuador imports Gold primarily from: Italy ($122k), United States ($19.7k), France ($563), and China ($68).

The fastest growing import markets in Gold for Ecuador between 2022 and 2023 were Italy ($98.3k), United States ($3k), and France ($563).

Latest Trends

December 2021

About

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
Flow
Color
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
EXPORTS (2023)$1.5B
IMPORTS (2023)$142k
NET TRADE (2023)$1.5B

In 2023, Ecuador exported $1.5B in Gold. The main destinations of Ecuador exports on Gold were United Arab Emirates ($463M), Switzerland ($380M), United States ($316M), India ($265M), and Italy ($74.7M).

In 2023, Ecuador imported $142k in Gold, mainly from Italy ($122k), United States ($19.7k), France ($563), and China ($68).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
United Arab Emirates$299M (183%)
India$183M (223%)
Italy$41M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Ecuador WERE (2022 - 2023):Switzerland-$57.3M (-13.1%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Gold were:
Switzerland $109B
United Arab Emirates $46.8B
United Kingdom $33B
In 2023, Ecuador's main importing competitors in Gold were:
Switzerland $111B
China $87.8B
United Arab Emirates $75.2B

Explore Visualizations

Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $146M
TOP IMPORT POTENTIALSwitzerland+ $166k

Gold’s highest export potential is United States. With an export gap of $146M.   Gold’s highest import potential is Switzerland with an import gap of $166k.

See methodology.

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