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2022
Exports $6.66MWorld Rnk 69 / 177
Flag Rnk 116 / 1017
2022
Destination $148k Colombia
2021 - 2022
FASTEST GROWING MARKET $148kColombia
2022
PRODUCT COMPLEXITY IN Iron Blocks-0.42Rnk 679 / 1025
2022
Imports $13.4MWorld Rnk 118 / 219
Flag Rnk 317 / 1175
2022
Origin $3.21M Spain
2021 - 2022
FASTEST GROWING ORIGIN $3.21MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $6.66M in Iron Blocks, making it the 69th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 116th most exported product in Ecuador. The main destination of Iron Blocks exports from Ecuador are: Colombia ($3.98M), Bolivia ($2.3M), Peru ($268k), Chile ($108k), and Panama ($4.79k).

The fastest growing export markets for Iron Blocks of Ecuador between 2021 and 2022 were Colombia ($148k) and Panama ($4.79k).

Imports In 2022, Ecuador imported $13.4M in Iron Blocks, becoming the 118th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 317th most imported product in Ecuador. Ecuador imports Iron Blocks primarily from: Spain ($5.68M), China ($3.65M), Turkey ($1.67M), Italy ($1.21M), and Colombia ($472k).

The fastest growing import markets in Iron Blocks for Ecuador between 2021 and 2022 were China ($3.21M), Italy ($1.07M), and Colombia ($354k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Iron Blocks exports accounted up to $567k and imports accounted up to $112k, resulting in a positive trade balance of $455k. Between December 2020 and December 2021 the exports of Ecuador's   Iron Blocks have increased by $23.9k (4.41%) from $543k to $567k, while imports decreased by $-72.7k (-39.3%) from $185k to $112k.

Destinations In December 2021, Iron Blocks were exported mostly to Colombia ($504k) and Peru ($63.8k), and were imported mostly from Peru ($78k), Chile ($30k), Brazil ($2.15k), Argentina ($1.51k), and Portugal ($394).

Growth In December 2021, the increase in Iron Blocks's year-by-year exports was explained primarily by an increase in exports to Colombia ($14.1k or 9.06%). In December 2021, the decrease in Iron Blocks's year-by-year imports was explained primarily by a decrease in imports from China ($-125 or -14.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$23.9k(4.41%)
IMPORT GROWTH (December 2020 - December 2021)$-72.7k(-39.3%)
MAIN DESTINATION (December 2021)Colombia$504k

This section shows Iron Blocks'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 Iron Blocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.66M
IMPORTS (2022)$13.4M
NET TRADE (2022)-$6.78M

In 2022, Ecuador exported $6.66M in Iron Blocks. The main destinations of Ecuador exports on Iron Blocks were Colombia ($3.98M), Bolivia ($2.3M), Peru ($268k), Chile ($108k), and Panama ($4.79k).

In 2022, Ecuador imported $13.4M in Iron Blocks, mainly from Spain ($5.68M), China ($3.65M), Turkey ($1.67M), Italy ($1.21M), and Colombia ($472k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$148k (3.85%)
Panama$4.79k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Ecuador WERE (2021 - 2022):
Chile-$1.94M (-94.7%)
Bolivia-$486k (-17.5%)
Peru-$288k (-51.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Ecuador's main importing competitors in Iron Blocks were:
Germany $1.51B
United States $1.37B
France $1.18B

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $686k
TOP IMPORT POTENTIALChina+ $1.36M

Iron Blocks’s highest export potential is Colombia. With an export gap of $686k.   Iron Blocks’s highest import potential is China with an import gap of $1.36M.

See methodology.

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