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Pricing

2022
Exports $550kWorld Rnk 101 / 224
Flag Rnk 340 / 1017
2022
Destination $75.5k United States
2021 - 2022
FASTEST GROWING MARKET $75.5kGuatemala
2022
PRODUCT COMPLEXITY IN Iron Fasteners1.68Rnk 27 / 1025
2022
Imports $48.6MWorld Rnk 73 / 225
Flag Rnk 112 / 1175
2022
Origin $9.28M China
2021 - 2022
FASTEST GROWING ORIGIN $9.28MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $550k in Iron Fasteners, making it the 101st largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 340th most exported product in Ecuador. The main destination of Iron Fasteners exports from Ecuador are: United States ($91.7k), Colombia ($76.6k), Guatemala ($75.7k), Mexico ($68.2k), and Netherlands ($54.7k).

The fastest growing export markets for Iron Fasteners of Ecuador between 2021 and 2022 were Guatemala ($75.5k), Mexico ($67.2k), and Netherlands ($53.3k).

Imports In 2022, Ecuador imported $48.6M in Iron Fasteners, becoming the 73rd largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 112th most imported product in Ecuador. Ecuador imports Iron Fasteners primarily from: China ($25.6M), United States ($4.76M), Chinese Taipei ($2.38M), Panama ($2.36M), and Brazil ($1.42M).

The fastest growing import markets in Iron Fasteners for Ecuador between 2021 and 2022 were China ($9.28M), United States ($2.94M), and Panama ($1.8M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Iron Fasteners exports accounted up to $25.2k and imports accounted up to $3.69M, resulting in a negative trade balance of $3.66M. Between December 2020 and December 2021 the exports of Ecuador's   Iron Fasteners have increased by $19.7k (360%) from $5.49k to $25.2k, while imports increased by $1.17M (46.2%) from $2.52M to $3.69M.

Destinations In December 2021, Iron Fasteners were exported mostly to United States ($21.1k), Colombia ($2.25k), Belgium ($1.18k), Rest of the world ($305), and Chile ($222), and were imported mostly from China ($2.12M), United States ($475k), Chinese Taipei ($203k), Colombia ($111k), and Italy ($90.1k).

Growth In December 2021, the increase in Iron Fasteners's year-by-year exports was explained primarily by an increase in exports to Chile ($363 or 934%). In December 2021, the increase in Iron Fasteners's year-by-year imports was explained primarily by an increase in imports from Spain ($179k or 1.45k%), Canada ($111k or 189%), and Mexico ($43.6k or 76.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$19.7k(360%)
IMPORT GROWTH (December 2020 - December 2021)$1.17M(46.2%)
MAIN DESTINATION (December 2021)United States$21.1k

This section shows Iron Fasteners'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 Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$550k
IMPORTS (2022)$48.6M
NET TRADE (2022)-$48.1M

In 2022, Ecuador exported $550k in Iron Fasteners. The main destinations of Ecuador exports on Iron Fasteners were United States ($91.7k), Colombia ($76.6k), Guatemala ($75.7k), Mexico ($68.2k), and Netherlands ($54.7k).

In 2022, Ecuador imported $48.6M in Iron Fasteners, mainly from China ($25.6M), United States ($4.76M), Chinese Taipei ($2.38M), Panama ($2.36M), and Brazil ($1.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Guatemala$75.5k (38.1k%)
Mexico$67.2k (6.67k%)
Netherlands$53.3k (3.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Ecuador WERE (2021 - 2022):
United States-$110k (-54.6%)
Nicaragua-$59.4k (-82.8%)
Canada-$20.6k (-73.6%)
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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 Fasteners were:
China $12B
Germany $7.11B
Chinese Taipei $6.56B
In 2022, Ecuador's main importing competitors in Iron Fasteners were:
United States $7.91B
Germany $4.86B
Mexico $2.97B

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $38.4k
TOP IMPORT POTENTIALChina+ $4.47M

Iron Fasteners’s highest export potential is United States. With an export gap of $38.4k.   Iron Fasteners’s highest import potential is China with an import gap of $4.47M.

See methodology.

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