2021
Exports
$4.35kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2021
Imports
$69.5kWorld Rnk 87 / 130
Flag Rnk 1041 / 1175
2022
ECONOMIC COMPLEXITY of Ecuador
-0.96Rnk 109 / 133

About

Imports In 2022, Ecuador imported $69.5k in Iron Ore, becoming the 87th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1041st most imported product in Ecuador. Ecuador imports Iron Ore primarily from: United States ($50.9k) and Italy ($18.6k).

The fastest growing import markets in Iron Ore for Ecuador between 2021 and 2022 were Italy ($18.6k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Iron Ore. Countries are shown based on data availability.

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

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2021)$4.35k
IMPORTS (2022)$69.5k
NET TRADE (2022)-$69.5k

In 2022, Ecuador imported $69.5k in Iron Ore, mainly from United States ($50.9k) and Italy ($18.6k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Ecuador WERE (N/A - 2021):Chile-$4.35k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Ecuador's main importing competitors in Iron Ore were:

Explore Visualizations

Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.14k
TOP IMPORT POTENTIALUnited States+ $41.4k

Iron Ore’s highest export potential is China. With an export gap of $1.14k.   Iron Ore’s highest import potential is United States with an import gap of $41.4k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with