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2023
Exports $250kWorld Rnk 92 / 123
Flag Rnk 423 / 1002
2023
Destination $246k Costa Rica
2022 - 2023
FASTEST GROWING MARKET $246kCosta Rica
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars-0.48Rnk 693 / 1025
2023
Imports $34.1MWorld Rnk 69 / 213
Flag Rnk 143 / 1173
2023
Origin $21.6M Chile
2022 - 2023
FASTEST GROWING ORIGIN $21.6MChile
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $250k in Hot-Rolled Iron Bars, making it the 92nd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 423rd most exported product in Ecuador. The main destination of Hot-Rolled Iron Bars exports from Ecuador are: Costa Rica ($246k) and Peru ($3.31k).

The fastest growing export markets for Hot-Rolled Iron Bars of Ecuador between 2022 and 2023 were Costa Rica ($246k) and Peru ($3.31k).

Imports In 2023, Ecuador imported $34.1M in Hot-Rolled Iron Bars, becoming the 69th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 143rd most imported product in Ecuador. Ecuador imports Hot-Rolled Iron Bars primarily from: Chile ($21.6M), Brazil ($7.01M), China ($5.39M), South Korea ($28.6k), and United States ($26.7k).

The fastest growing import markets in Hot-Rolled Iron Bars for Ecuador between 2022 and 2023 were Chile ($21.6M), China ($4.03M), and South Korea ($28.6k).

Latest Trends

August 2021

About

Overview In August 2021 Ecuador's Hot-Rolled Iron Bars exports accounted up to $77.5k and imports accounted up to $3.05M, resulting in a negative trade balance of $2.97M. Between August 2019 and August 2021 the exports of Ecuador's   Hot-Rolled Iron Bars have decreased by $-561k (-87.9%) from $638k to $77.5k, while imports decreased by $-103k (-3.28%) from $3.15M to $3.05M.

Destinations In August 2021, Hot-Rolled Iron Bars were exported mostly to , and were imported mostly from Brazil ($2.78M) and Chile ($261k).

Growth In August 2021, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2019 - August 2021)$-561k(-87.9%)
IMPORT GROWTH (December 2020 - December 2021)$-103k(-3.28%)
MAIN DESTINATION (August 2021)

This section shows Hot-Rolled Iron Bars'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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$250k
IMPORTS (2023)$34.1M
NET TRADE (2023)-$33.8M

In 2023, Ecuador exported $250k in Hot-Rolled Iron Bars. The main destinations of Ecuador exports on Hot-Rolled Iron Bars were Costa Rica ($246k) and Peru ($3.31k).

In 2023, Ecuador imported $34.1M in Hot-Rolled Iron Bars, mainly from Chile ($21.6M), Brazil ($7.01M), China ($5.39M), South Korea ($28.6k), and United States ($26.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Costa Rica$246k (1%)
Peru$3.31k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Ecuador WERE (2022 - 2023):Colombia-$124k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Hot-Rolled Iron Bars were:
China $2.23B
Germany $1.17B
Italy $808M
In 2023, Ecuador's main importing competitors in Hot-Rolled Iron Bars were:
United States $764M
South Korea $645M
Israel $602M

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $654
TOP IMPORT POTENTIALChina+ $962k

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $654.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $962k.

See methodology.

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