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2023
Exports $5World Rnk 127 / 127
Flag Rnk 992 / 1002
2023
Destination $5 Canada
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2023
Imports $51.2kWorld Rnk 91 / 125
Flag Rnk 1046 / 1173
2023
Origin $309 United States
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $5 in Iron Ore, making it the 127th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 992nd most exported product in Ecuador. The main destination of Iron Ore exports from Ecuador are: Canada ($5).

The fastest growing export markets for Iron Ore of Ecuador between N/A and 2023 were Canada ($5).

Imports In 2023, Ecuador imported $51.2k in Iron Ore, becoming the 91st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1046th most imported product in Ecuador. Ecuador imports Iron Ore primarily from: United States ($51.2k).

The fastest growing import markets in Iron Ore for Ecuador between 2022 and 2023 were United States ($309).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5
IMPORTS (2023)$51.2k
NET TRADE (2023)-$51.2k

In 2023, Ecuador exported $5 in Iron Ore. The main destinations of Ecuador exports on Iron Ore were Canada ($5).

In 2023, Ecuador imported $51.2k in Iron Ore, mainly from United States ($51.2k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Ecuador WERE (N/A - 2023):Canada$5 (1%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Ecuador's main exporting competitors in Iron Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Ecuador's main importing competitors in Iron Ore were:
China $112B
Japan $9.3B
South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.14k
TOP IMPORT POTENTIALUnited States+ $41.4k

Iron Ore’s highest export potential is China. With an export gap of $1.14k.   Iron Ore’s highest import potential is United States with an import gap of $41.4k.

See methodology.

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