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2022
Exports $317kWorld Rnk 104 / 151
Flag Rnk 410 / 1017
2022
Destination $268k Colombia
2021 - 2022
FASTEST GROWING MARKET $268kColombia
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron0.41Rnk 402 / 1025
2022
Imports $274MWorld Rnk 53 / 214
Flag Rnk 17 / 1175
2022
Origin $46.6M Japan
2021 - 2022
FASTEST GROWING ORIGIN $46.6MJapan
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $317k in Hot-Rolled Iron, making it the 104th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 410th most exported product in Ecuador. The main destination of Hot-Rolled Iron exports from Ecuador are: Colombia ($268k), India ($42.6k), Estonia ($3.09k), Panama ($2.82k), and Costa Rica ($99).

The fastest growing export markets for Hot-Rolled Iron of Ecuador between 2021 and 2022 were Colombia ($268k), India ($42.6k), and Estonia ($3.09k).

Imports In 2022, Ecuador imported $274M in Hot-Rolled Iron, becoming the 53rd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 17th most imported product in Ecuador. Ecuador imports Hot-Rolled Iron primarily from: Japan ($137M), China ($78.3M), Brazil ($48.2M), South Korea ($5.51M), and Mexico ($2.29M).

The fastest growing import markets in Hot-Rolled Iron for Ecuador between 2021 and 2022 were Japan ($46.6M), China ($23.5M), and Mexico ($2.29M).

Latest Trends

March 2021

About

Overview In March 2021 Ecuador's Hot-Rolled Iron exports accounted up to $1.79k and imports accounted up to $28.7M, resulting in a negative trade balance of $28.7M. Between September 2014 and March 2021 the exports of Ecuador's   Hot-Rolled Iron have decreased by $-52k (-96.7%) from $53.8k to $1.79k, while imports increased by $11.2M (64.1%) from $17.5M to $28.7M.

Destinations In March 2021, Hot-Rolled Iron were exported mostly to , and were imported mostly from Japan ($11.3M), Brazil ($7.48M), South Korea ($5.8M), China ($2.55M), and Russia ($572k).

Growth In March 2021, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($5.96M or 271%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2014 - March 2021)$-52k(-96.7%)
IMPORT GROWTH (December 2020 - December 2021)$11.2M(64.1%)
MAIN DESTINATION (March 2021)

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$317k
IMPORTS (2022)$274M
NET TRADE (2022)-$274M

In 2022, Ecuador exported $317k in Hot-Rolled Iron. The main destinations of Ecuador exports on Hot-Rolled Iron were Colombia ($268k), India ($42.6k), Estonia ($3.09k), Panama ($2.82k), and Costa Rica ($99).

In 2022, Ecuador imported $274M in Hot-Rolled Iron, mainly from Japan ($137M), China ($78.3M), Brazil ($48.2M), South Korea ($5.51M), and Mexico ($2.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$268k (1%)
India$42.6k (1%)
Estonia$3.09k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Ecuador WERE (2021 - 2022):
Nicaragua-$68.7k (-100%)
Switzerland-$1.26k (-100%)
Austria-$601 (-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 Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
South Korea $6.81B
In 2022, Ecuador's main importing competitors in Hot-Rolled Iron were:
Italy $5.5B
Vietnam $5.46B
Germany $4B

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $831
TOP IMPORT POTENTIALChina+ $6.53M

Hot-Rolled Iron’s highest export potential is United States. With an export gap of $831.   Hot-Rolled Iron’s highest import potential is China with an import gap of $6.53M.

See methodology.

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