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2022
Exports $2.61MWorld Rnk 58 / 131
Flag Rnk 183 / 1017
2022
Destination $1.23M Colombia
2021 - 2022
FASTEST GROWING MARKET $1.23MColombia
2022
PRODUCT COMPLEXITY IN Large Coated Flat-Rolled Iron0.57Rnk 337 / 1025
2022
Imports $7.72MWorld Rnk 80 / 213
Flag Rnk 419 / 1175
2022
Origin $516k China
2021 - 2022
FASTEST GROWING ORIGIN $516kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $2.61M in Large Coated Flat-Rolled Iron, making it the 58th largest exporter of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 183rd most exported product in Ecuador. The main destination of Large Coated Flat-Rolled Iron exports from Ecuador are: Colombia ($2.56M), Spain ($39.8k), Peru ($362), and Panama ($3).

The fastest growing export markets for Large Coated Flat-Rolled Iron of Ecuador between 2021 and 2022 were Colombia ($1.23M), Spain ($16.8k), and Peru ($69).

Imports In 2022, Ecuador imported $7.72M in Large Coated Flat-Rolled Iron, becoming the 80th largest importer of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 419th most imported product in Ecuador. Ecuador imports Large Coated Flat-Rolled Iron primarily from: China ($6.08M), South Korea ($496k), United States ($407k), Belgium ($364k), and Colombia ($155k).

The fastest growing import markets in Large Coated Flat-Rolled Iron for Ecuador between 2021 and 2022 were China ($516k), United States ($106k), and Colombia ($83.3k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Large Coated Flat-Rolled Iron exports accounted up to $112k and imports accounted up to $712k, resulting in a negative trade balance of $599k. Between December 2020 and December 2021 the exports of Ecuador's   Large Coated Flat-Rolled Iron have increased by $1.69k (1.53%) from $111k to $112k, while imports decreased by $-180k (-20.1%) from $891k to $712k.

Destinations In December 2021, Large Coated Flat-Rolled Iron were exported mostly to Colombia ($89.4k) and Spain ($23k), and were imported mostly from China ($582k), Chinese Taipei ($56.5k), Colombia ($40.9k), and South Korea ($32.4k).

Growth In December 2021, the increase in Large Coated Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Colombia ($34.1k or 35.1%). In December 2021, the decrease in Large Coated Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Germany ($-86.6k or -36.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$1.69k(1.53%)
IMPORT GROWTH (December 2020 - December 2021)$-180k(-20.1%)
MAIN DESTINATION (December 2021)Colombia$89.4k

This section shows Large Coated Flat-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 Large Coated Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.61M
IMPORTS (2022)$7.72M
NET TRADE (2022)-$5.12M

In 2022, Ecuador exported $2.61M in Large Coated Flat-Rolled Iron. The main destinations of Ecuador exports on Large Coated Flat-Rolled Iron were Colombia ($2.56M), Spain ($39.8k), Peru ($362), and Panama ($3).

In 2022, Ecuador imported $7.72M in Large Coated Flat-Rolled Iron, mainly from China ($6.08M), South Korea ($496k), United States ($407k), Belgium ($364k), and Colombia ($155k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Coated Flat-Rolled Iron EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$1.23M (92.6%)
Spain$16.8k (73.1%)
Peru$69 (23.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Coated Flat-Rolled Iron BY Ecuador WERE (2021 - 2022):
China-$547 (-100%)
Costa Rica-$17 (-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 Large Coated Flat-Rolled Iron were:
China $1B
Germany $993M
United States $429M
In 2022, Ecuador's main importing competitors in Large Coated Flat-Rolled Iron were:
Germany $519M
France $505M
United States $385M

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Trade Value of Large Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $70.3k
TOP IMPORT POTENTIALChina+ $523k

Large Coated Flat-Rolled Iron’s highest export potential is Spain. With an export gap of $70.3k.   Large Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $523k.

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