Sign In
Pricing

2022
Exports $8.51MWorld Rnk 121 / 212
Flag Rnk 100 / 1017
2022
Destination $1.15M Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.15MNetherlands
2022
PRODUCT COMPLEXITY IN Scrap Iron-0.59Rnk 720 / 1025
2022
Imports $103MWorld Rnk 46 / 187
Flag Rnk 50 / 1175
2022
Origin $7.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $7.4MCosta Rica
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $8.51M in Scrap Iron, making it the 121st largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 100th most exported product in Ecuador. The main destination of Scrap Iron exports from Ecuador are: Netherlands ($2.49M), United States ($1.31M), India ($1.22M), Spain ($985k), and China ($715k).

The fastest growing export markets for Scrap Iron of Ecuador between 2021 and 2022 were Netherlands ($1.15M), China ($715k), and Spain ($653k).

Imports In 2022, Ecuador imported $103M in Scrap Iron, becoming the 46th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 50th most imported product in Ecuador. Ecuador imports Scrap Iron primarily from: United States ($79.4M), Costa Rica ($15.2M), Nicaragua ($6.78M), South Africa ($1.03M), and Mexico ($154k).

The fastest growing import markets in Scrap Iron for Ecuador between 2021 and 2022 were Costa Rica ($7.4M), South Africa ($899k), and Mexico ($153k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Scrap Iron exports accounted up to $554k and imports accounted up to $2.15M, resulting in a negative trade balance of $1.6M. Between December 2020 and December 2021 the exports of Ecuador's   Scrap Iron have increased by $161k (40.9%) from $393k to $554k, while imports decreased by $-8.39M (-79.6%) from $10.5M to $2.15M.

Destinations In December 2021, Scrap Iron were exported mostly to Thailand ($449k), Netherlands ($50.4k), Spain ($50.2k), and Panama ($3.72k), and were imported mostly from Nicaragua ($1.59M), Costa Rica ($371k), Puerto Rico ($99.5k), Denmark ($52.7k), and India ($34.5k).

Growth In December 2021, the increase in Scrap Iron's year-by-year exports was explained primarily by an increase in exports to India ($9.4k or 8.24%). In December 2021, the decrease in Scrap Iron's year-by-year imports was explained primarily by a decrease in imports from Puerto Rico ($-462k or -81.9%), Brazil ($-52.9k or -95.7%), and Dominican Republic ($-23.6k or -41.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$161k(40.9%)
IMPORT GROWTH (December 2020 - December 2021)$-8.39M(-79.6%)
MAIN DESTINATION (December 2021)Thailand$449k

This section shows Scrap 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 Scrap Iron over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$8.51M
IMPORTS (2022)$103M
NET TRADE (2022)-$94.3M

In 2022, Ecuador exported $8.51M in Scrap Iron. The main destinations of Ecuador exports on Scrap Iron were Netherlands ($2.49M), United States ($1.31M), India ($1.22M), Spain ($985k), and China ($715k).

In 2022, Ecuador imported $103M in Scrap Iron, mainly from United States ($79.4M), Costa Rica ($15.2M), Nicaragua ($6.78M), South Africa ($1.03M), and Mexico ($154k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Netherlands$1.15M (86%)
China$715k (1%)
Spain$653k (197%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Ecuador WERE (2021 - 2022):
United States-$982k (-42.8%)
India-$822k (-40.1%)
Thailand-$775k (-56.7%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Scrap Iron were:
United States $7.92B
Germany $5.21B
United Kingdom $3.91B
In 2022, Ecuador's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

Explore Visualizations

Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.05M
TOP IMPORT POTENTIALGermany+ $3.88k

Scrap Iron’s highest export potential is India. With an export gap of $2.05M.   Scrap Iron’s highest import potential is Germany with an import gap of $3.88k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

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