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2022
Exports $786kWorld Rnk 83 / 215
Flag Rnk 294 / 1017
2022
Destination $147k Peru
2021 - 2022
FASTEST GROWING MARKET $147kColombia
2022
PRODUCT COMPLEXITY IN Iron Pipe Fittings1.14Rnk 121 / 1025
2022
Imports $30.1MWorld Rnk 71 / 224
Flag Rnk 180 / 1175
2022
Origin $5.6M China
2021 - 2022
FASTEST GROWING ORIGIN $5.6MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $786k in Iron Pipe Fittings, making it the 83rd largest exporter of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 294th most exported product in Ecuador. The main destination of Iron Pipe Fittings exports from Ecuador are: Peru ($445k), Colombia ($195k), United States ($54.2k), South Africa ($16.9k), and Canada ($9.11k).

The fastest growing export markets for Iron Pipe Fittings of Ecuador between 2021 and 2022 were Colombia ($147k), South Africa ($16.9k), and United States ($9.25k).

Imports In 2022, Ecuador imported $30.1M in Iron Pipe Fittings, becoming the 71st largest importer of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 180th most imported product in Ecuador. Ecuador imports Iron Pipe Fittings primarily from: China ($16.1M), United States ($2.67M), Colombia ($2.54M), Mexico ($1.06M), and Italy ($1.04M).

The fastest growing import markets in Iron Pipe Fittings for Ecuador between 2021 and 2022 were China ($5.6M), Colombia ($796k), and United Kingdom ($459k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Iron Pipe Fittings exports accounted up to $64.8k and imports accounted up to $2.96M, resulting in a negative trade balance of $2.9M. Between December 2020 and December 2021 the exports of Ecuador's   Iron Pipe Fittings have increased by $49.2k (315%) from $15.6k to $64.8k, while imports increased by $1.56M (112%) from $1.4M to $2.96M.

Destinations In December 2021, Iron Pipe Fittings were exported mostly to Colombia ($30.1k), Peru ($28.1k), Cuba ($2.97k), Costa Rica ($1.68k), and United States ($841), and were imported mostly from China ($1.29M), United States ($615k), Colombia ($347k), Romania ($164k), and Canada ($105k).

Growth In December 2021, the increase in Iron Pipe Fittings's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Iron Pipe Fittings's year-by-year imports was explained primarily by an increase in imports from Malaysia ($36.6k or 460%), Spain ($34.7k or 192%), and United Kingdom ($21.8k or 303%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$49.2k(315%)
IMPORT GROWTH (December 2020 - December 2021)$1.56M(112%)
MAIN DESTINATION (December 2021)Colombia$30.1k

This section shows Iron Pipe Fittings'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 Iron Pipe Fittings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$786k
IMPORTS (2022)$30.1M
NET TRADE (2022)-$29.3M

In 2022, Ecuador exported $786k in Iron Pipe Fittings. The main destinations of Ecuador exports on Iron Pipe Fittings were Peru ($445k), Colombia ($195k), United States ($54.2k), South Africa ($16.9k), and Canada ($9.11k).

In 2022, Ecuador imported $30.1M in Iron Pipe Fittings, mainly from China ($16.1M), United States ($2.67M), Colombia ($2.54M), Mexico ($1.06M), and Italy ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipe Fittings EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$147k (308%)
South Africa$16.9k (1%)
United States$9.25k (20.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipe Fittings BY Ecuador WERE (2021 - 2022):
Peru-$276k (-38.2%)
Nicaragua-$17.2k (-67.4%)
Vietnam-$4.95k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Iron Pipe Fittings were:
China $6.05B
Italy $1.98B
United States $1.97B
In 2022, Ecuador's main importing competitors in Iron Pipe Fittings were:
United States $3.42B
Germany $1.76B
Canada $1.07B

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Trade Value of Iron Pipe Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $46.2k
TOP IMPORT POTENTIALChina+ $2.72M

Iron Pipe Fittings’s highest export potential is Canada. With an export gap of $46.2k.   Iron Pipe Fittings’s highest import potential is China with an import gap of $2.72M.

See methodology.

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