2023
Exports
$27World Rnk 152 / 153
Flag Rnk 980 / 1002
falsefalse Canada
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.54Rnk 355 / 1025
2023
Imports
$333MWorld Rnk 44 / 211
Flag Rnk 11 / 1173
2023
ECONOMIC COMPLEXITY of Ecuador
-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $27 in Hot-Rolled Iron, making it the 152nd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 980th most exported product in Ecuador. The main destination of Hot-Rolled Iron exports from Ecuador are: Canada ($27).

Imports In 2023, Ecuador imported $333M in Hot-Rolled Iron, becoming the 44th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 11th most imported product in Ecuador. Ecuador imports Hot-Rolled Iron primarily from: Japan ($191M), China ($107M), South Korea ($26.8M), Brazil ($5.73M), and Peru ($519k).

The fastest growing import markets in Hot-Rolled Iron for Ecuador between 2022 and 2023 were Japan ($46.1M), China ($28.5M), and South Korea ($12.4M).

Latest Trends

March 2021

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 (2023)$27
IMPORTS (2023)$333M
NET TRADE (2023)-$333M

In 2023, Ecuador exported $27 in Hot-Rolled Iron. The main destinations of Ecuador exports on Hot-Rolled Iron were Canada ($27).

In 2023, Ecuador imported $333M in Hot-Rolled Iron, mainly from Japan ($191M), China ($107M), South Korea ($26.8M), Brazil ($5.73M), and Peru ($519k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Ecuador WERE (2022 - 2023):
Colombia-$268k (-100%)
India-$42.6k (-100%)
Estonia-$3.51k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
Japan $10.4B
In 2023, Ecuador's main importing competitors in Hot-Rolled Iron were:

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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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