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2023
Exports $72.7MWorld Rnk 26 / 195
Flag Rnk 32 / 1002
2023
Destination $3.57M Peru
2022 - 2023
FASTEST GROWING MARKET $3.57MPeru
2023
PRODUCT COMPLEXITY IN Iron Stovetops0.36Rnk 434 / 1025
2023
Imports $20.3MWorld Rnk 71 / 222
Flag Rnk 222 / 1173
2023
Origin $995k China
2022 - 2023
FASTEST GROWING ORIGIN $995kChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $72.7M in Iron Stovetops, making it the 26th largest exporter of Iron Stovetops in the world. At the same year, Iron Stovetops was the 32nd most exported product in Ecuador. The main destination of Iron Stovetops exports from Ecuador are: Peru ($31.2M), Dominican Republic ($5.73M), Chile ($5.69M), Colombia ($5.39M), and El Salvador ($4.58M).

The fastest growing export markets for Iron Stovetops of Ecuador between 2022 and 2023 were Peru ($3.57M), Chile ($1.8M), and Nicaragua ($1.36M).

Imports In 2023, Ecuador imported $20.3M in Iron Stovetops, becoming the 71st largest importer of Iron Stovetops in the world. At the same year, Iron Stovetops was the 222nd most imported product in Ecuador. Ecuador imports Iron Stovetops primarily from: China ($11.1M), Brazil ($2.4M), Colombia ($2.24M), Mexico ($1.49M), and Italy ($1.29M).

The fastest growing import markets in Iron Stovetops for Ecuador between 2022 and 2023 were China ($995k), Brazil ($900k), and Colombia ($805k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Iron Stovetops exports accounted up to $6.73M and imports accounted up to $3.76M, resulting in a positive trade balance of $2.96M. Between December 2020 and December 2021 the exports of Ecuador's   Iron Stovetops have decreased by $-1.47M (-17.9%) from $8.2M to $6.73M, while imports increased by $1.79M (90.4%) from $1.98M to $3.76M.

Destinations In December 2021, Iron Stovetops were exported mostly to Peru ($3.17M), Colombia ($735k), Dominican Republic ($621k), Chile ($325k), and Mexico ($302k), and were imported mostly from China ($2.73M), Italy ($313k), Colombia ($211k), Brazil ($200k), and Mexico ($105k).

Growth In December 2021, the decrease in Iron Stovetops's year-by-year exports was explained primarily by a decrease in exports to Venezuela ($-27.7k or -47.5%) and Jamaica ($-12.1k or -8.47%). In December 2021, the increase in Iron Stovetops's year-by-year imports was explained primarily by an increase in imports from Vietnam ($213k or 533%), Colombia ($201k or 192%), and China ($147k or 26.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-1.47M(-17.9%)
IMPORT GROWTH (December 2020 - December 2021)$1.79M(90.4%)
MAIN DESTINATION (December 2021)Peru$3.17M

This section shows Iron Stovetops'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 Stovetops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$72.7M
IMPORTS (2023)$20.3M
NET TRADE (2023)$52.4M

In 2023, Ecuador exported $72.7M in Iron Stovetops. The main destinations of Ecuador exports on Iron Stovetops were Peru ($31.2M), Dominican Republic ($5.73M), Chile ($5.69M), Colombia ($5.39M), and El Salvador ($4.58M).

In 2023, Ecuador imported $20.3M in Iron Stovetops, mainly from China ($11.1M), Brazil ($2.4M), Colombia ($2.24M), Mexico ($1.49M), and Italy ($1.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Stovetops EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Peru$3.57M (13%)
Chile$1.8M (46.3%)
Nicaragua$1.36M (50.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Stovetops BY Ecuador WERE (2022 - 2023):
Colombia-$1.3M (-19.4%)
Guatemala-$891k (-17.9%)
El Salvador-$640k (-12.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Iron Stovetops were:
China $4.58B
Mexico $762M
Italy $690M
In 2023, Ecuador's main importing competitors in Iron Stovetops were:
United States $3.29B
Germany $796M
France $636M

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Trade Value of Iron Stovetops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.56M
TOP IMPORT POTENTIALChina+ $2.89M

Iron Stovetops’s highest export potential is United States. With an export gap of $1.56M.   Iron Stovetops’s highest import potential is China with an import gap of $2.89M.

See methodology.

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