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2022
Exports $930MWorld Rnk 58 / 176
Flag Rnk 9 / 1017
2022
Destination $120M Switzerland
2021 - 2022
FASTEST GROWING MARKET $120MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Gold-2.43Rnk 1016 / 1025
2022
Imports $191kWorld Rnk 140 / 178
Flag Rnk 972 / 1175
2022
Origin $91.9k Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $91.9kSwitzerland
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

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).

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 (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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
United Arab Emirates$120M (265%)
United States$96M (40.3%)
Switzerland$80.2M (31.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Gold were:
Switzerland $101B
United States $37.5B
United Arab Emirates $32.8B
In 2022, Ecuador's main importing competitors in Gold were:
Switzerland $94.9B
China $67.6B
United Arab Emirates $57.1B

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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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