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2022
Exports $182kWorld Rnk 90 / 171
Flag Rnk 478 / 1017
2022
Destination $37.7k Chile
2021 - 2022
FASTEST GROWING MARKET $37.7kColombia
2022
PRODUCT COMPLEXITY IN Iron Nails-0.5Rnk 699 / 1025
2022
Imports $9.32MWorld Rnk 76 / 220
Flag Rnk 390 / 1175
2022
Origin $3.08M China
2021 - 2022
FASTEST GROWING ORIGIN $3.08MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $182k in Iron Nails, making it the 90th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 478th most exported product in Ecuador. The main destination of Iron Nails exports from Ecuador are: Chile ($108k), Colombia ($37.7k), Bolivia ($12.3k), Jamaica ($12.3k), and Dominican Republic ($7.38k).

The fastest growing export markets for Iron Nails of Ecuador between 2021 and 2022 were Colombia ($37.7k), Bolivia ($9.78k), and Jamaica ($7.57k).

Imports In 2022, Ecuador imported $9.32M in Iron Nails, becoming the 76th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 390th most imported product in Ecuador. Ecuador imports Iron Nails primarily from: China ($5.94M), Colombia ($1.95M), Japan ($949k), Peru ($180k), and Netherlands ($82.8k).

The fastest growing import markets in Iron Nails for Ecuador between 2021 and 2022 were China ($3.08M), Colombia ($156k), and Japan ($146k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Iron Nails exports accounted up to $71.5k and imports accounted up to $88.1k, resulting in a negative trade balance of $16.7k. Between December 2020 and December 2021 the exports of Ecuador's   Iron Nails have increased by $67.6k (1.73k%) from $3.9k to $71.5k, while imports decreased by $-48.2k (-35.4%) from $136k to $88.1k.

Destinations In December 2021, Iron Nails were exported mostly to Chile ($71.3k) and Peru ($217), and were imported mostly from Colombia ($85.4k), China ($2.6k), Brazil ($105), and United States ($80).

Growth In December 2021, the increase in Iron Nails's year-by-year exports was explained primarily by an increase in exports to Peru ($741 or 101%). In December 2021, the decrease in Iron Nails's year-by-year imports was explained primarily by a decrease in imports from Colombia ($-33.7k or -38%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$67.6k(1.73k%)
IMPORT GROWTH (December 2020 - December 2021)$-48.2k(-35.4%)
MAIN DESTINATION (December 2021)Chile$71.3k

This section shows Iron Nails'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 Nails over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$182k
IMPORTS (2022)$9.32M
NET TRADE (2022)-$9.13M

In 2022, Ecuador exported $182k in Iron Nails. The main destinations of Ecuador exports on Iron Nails were Chile ($108k), Colombia ($37.7k), Bolivia ($12.3k), Jamaica ($12.3k), and Dominican Republic ($7.38k).

In 2022, Ecuador imported $9.32M in Iron Nails, mainly from China ($5.94M), Colombia ($1.95M), Japan ($949k), Peru ($180k), and Netherlands ($82.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Colombia$37.7k (1%)
Bolivia$9.78k (392%)
Jamaica$7.57k (161%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Ecuador WERE (2021 - 2022):
Chile-$1.56M (-93.5%)
Belize-$107k (-100%)
Peru-$2.75k (-65%)
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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 Nails were:
China $2B
Oman $241M
Poland $149M
In 2022, Ecuador's main importing competitors in Iron Nails were:
United States $1.65B
Canada $173M
Germany $162M

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $29.2k
TOP IMPORT POTENTIALChina+ $327k

Iron Nails’s highest export potential is Colombia. With an export gap of $29.2k.   Iron Nails’s highest import potential is China with an import gap of $327k.

See methodology.

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