Hot-Rolled Iron in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $317k in Hot-Rolled Iron, making it the 104th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 410th most exported product in Ecuador. The main destination of Hot-Rolled Iron exports from Ecuador are: Colombia ($268k), India ($42.6k), Estonia ($3.09k), Panama ($2.82k), and Costa Rica ($99).

The fastest growing export markets for Hot-Rolled Iron of Ecuador between 2021 and 2022 were Colombia ($268k), India ($42.6k), and Estonia ($3.09k).

Imports In 2022, Ecuador imported $274M in Hot-Rolled Iron, becoming the 53rd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 17th most imported product in Ecuador. Ecuador imports Hot-Rolled Iron primarily from: Japan ($137M), China ($78.3M), Brazil ($48.2M), South Korea ($5.51M), and Mexico ($2.29M).

The fastest growing import markets in Hot-Rolled Iron for Ecuador between 2021 and 2022 were Japan ($46.6M), China ($23.5M), and Mexico ($2.29M).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Hot-Rolled Iron from Ecuador to the United States.

Latest Trends

March 2021

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Overview In March 2021 Ecuador's Hot-Rolled Iron exports accounted up to $1.79k and imports accounted up to $28.7M, resulting in a negative trade balance of $28.7M. Between September 2014 and March 2021 the exports of Ecuador's Hot-Rolled Iron have decreased by $-52k (-96.7%) from $53.8k to $1.79k, while imports increased by $11.2M (64.1%) from $17.5M to $28.7M.

Destinations In March 2021, Hot-Rolled Iron were exported mostly to , and were imported mostly from Japan ($11.3M), Brazil ($7.48M), South Korea ($5.8M), China ($2.55M), and Russia ($572k).

Growth In March 2021, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($5.96M or 271%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2014 - March 2021)$-52k(-96.7%)

IMPORT GROWTH (December 2020 - December 2021)$11.2M(64.1%)

MAIN DESTINATION (March 2021)

This section shows Hot-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 Hot-Rolled Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$317k

IMPORTS (2022)$274M

NET TRADE (2022)-$274M

In 2022, Ecuador exported $317k in Hot-Rolled Iron. The main destinations of Ecuador exports on Hot-Rolled Iron were Colombia ($268k), India ($42.6k), Estonia ($3.09k), Panama ($2.82k), and Costa Rica ($99).

In 2022, Ecuador imported $274M in Hot-Rolled Iron, mainly from Japan ($137M), China ($78.3M), Brazil ($48.2M), South Korea ($5.51M), and Mexico ($2.29M).

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