Iron Springs in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $621k in Iron Springs, making it the 69th largest exporter of Iron Springs in the world. At the same year, Iron Springs was the 326th most exported product in Ecuador. The main destination of Iron Springs exports from Ecuador are: Peru ($428k), Colombia ($138k), Dominican Republic ($29.1k), United States ($9.37k), and Brazil ($8.4k).

The fastest growing export markets for Iron Springs of Ecuador between 2021 and 2022 were Colombia ($82.9k), Dominican Republic ($29.1k), and Belgium ($2.42k).

Imports In 2022, Ecuador imported $7.05M in Iron Springs, becoming the 75th largest importer of Iron Springs in the world. At the same year, Iron Springs was the 435th most imported product in Ecuador. Ecuador imports Iron Springs primarily from: China ($1.89M), Colombia ($1.63M), United States ($772k), Germany ($472k), and Mexico ($365k).

The fastest growing import markets in Iron Springs for Ecuador between 2021 and 2022 were China ($1.04M), United States ($473k), and Colombia ($179k).

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

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Iron Springs exports accounted up to $77.3k and imports accounted up to $445k, resulting in a negative trade balance of $368k. Between December 2020 and December 2021 the exports of Ecuador's Iron Springs have increased by $28.4k (58%) from $48.9k to $77.3k, while imports increased by $22k (5.19%) from $423k to $445k.

Destinations In December 2021, Iron Springs were exported mostly to Peru ($60.2k), United States ($14.7k), Belgium ($2.12k), and Colombia ($258), and were imported mostly from Colombia ($162k), China ($82.2k), United States ($45.8k), Thailand ($36.2k), and Germany ($27.9k).

Growth In December 2021, the increase in Iron Springs's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Iron Springs's year-by-year imports was explained primarily by an increase in imports from Germany ($39.2k or 55.6%), China ($8.92k or 21.9%), and Mexico ($5.51k or 53.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$28.4k(58%)

IMPORT GROWTH (December 2020 - December 2021)$22k(5.19%)

MAIN DESTINATION (December 2021)Peru$60.2k

This section shows Iron Springs'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 Springs over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$621k

IMPORTS (2022)$7.05M

NET TRADE (2022)-$6.42M

In 2022, Ecuador exported $621k in Iron Springs. The main destinations of Ecuador exports on Iron Springs were Peru ($428k), Colombia ($138k), Dominican Republic ($29.1k), United States ($9.37k), and Brazil ($8.4k).

In 2022, Ecuador imported $7.05M in Iron Springs, mainly from China ($1.89M), Colombia ($1.63M), United States ($772k), Germany ($472k), and Mexico ($365k).

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