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2023
Exports $4.14MWorld Rnk 95 / 201
Flag Rnk 129 / 1002
2023
Destination $264k Peru
2022 - 2023
FASTEST GROWING MARKET $264kPeru
2023
PRODUCT COMPLEXITY IN Iron Structures0.46Rnk 378 / 1025
2023
Imports $33.8MWorld Rnk 130 / 225
Flag Rnk 146 / 1173
2023
Origin $2.87M China
2022 - 2023
FASTEST GROWING ORIGIN $2.87MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $4.14M in Iron Structures, making it the 95th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 129th most exported product in Ecuador. The main destination of Iron Structures exports from Ecuador are: Peru ($1.38M), United States ($993k), Colombia ($554k), Bolivia ($471k), and Belize ($200k).

The fastest growing export markets for Iron Structures of Ecuador between 2022 and 2023 were Peru ($264k), Bolivia ($208k), and Belize ($200k).

Imports In 2023, Ecuador imported $33.8M in Iron Structures, becoming the 130th largest importer of Iron Structures in the world. At the same year, Iron Structures was the 146th most imported product in Ecuador. Ecuador imports Iron Structures primarily from: China ($16.6M), Colombia ($5.18M), Spain ($4.09M), United States ($1.98M), and Germany ($1.05M).

The fastest growing import markets in Iron Structures for Ecuador between 2022 and 2023 were China ($2.87M), Spain ($783k), and Peru ($477k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Iron Structures exports accounted up to $303k and imports accounted up to $1.99M, resulting in a negative trade balance of $1.68M. Between December 2020 and December 2021 the exports of Ecuador's   Iron Structures have decreased by $-485k (-61.5%) from $788k to $303k, while imports increased by $918k (86.1%) from $1.07M to $1.99M.

Destinations In December 2021, Iron Structures were exported mostly to Colombia ($135k), United States ($123k), Peru ($46k), and Panama ($2), and were imported mostly from China ($758k), Colombia ($652k), Spain ($252k), Portugal ($156k), and Chile ($78.6k).

Growth In December 2021, the decrease in Iron Structures's year-by-year exports was explained primarily by a decrease in exports to Peru ($-306k or -58.6%). In December 2021, the increase in Iron Structures's year-by-year imports was explained primarily by an increase in imports from Spain ($121k or 111%), United States ($54.6k or 43.3%), and Italy ($327 or 5.01%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-485k(-61.5%)
IMPORT GROWTH (December 2020 - December 2021)$918k(86.1%)
MAIN DESTINATION (December 2021)Colombia$135k

This section shows Iron Structures'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 Structures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.14M
IMPORTS (2023)$33.8M
NET TRADE (2023)-$29.7M

In 2023, Ecuador exported $4.14M in Iron Structures. The main destinations of Ecuador exports on Iron Structures were Peru ($1.38M), United States ($993k), Colombia ($554k), Bolivia ($471k), and Belize ($200k).

In 2023, Ecuador imported $33.8M in Iron Structures, mainly from China ($16.6M), Colombia ($5.18M), Spain ($4.09M), United States ($1.98M), and Germany ($1.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Structures EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Peru$264k (23.6%)
Bolivia$208k (79%)
Belize$200k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Structures BY Ecuador WERE (2022 - 2023):
Colombia-$2.2M (-79.9%)
United States-$943k (-48.7%)
Canada-$259k (-82.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Iron Structures were:
China $16.9B
Germany $5.53B
Poland $3B
In 2023, Ecuador's main importing competitors in Iron Structures were:
United States $8.62B
Germany $4.7B
France $2.63B

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Trade Value of Iron Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.04M
TOP IMPORT POTENTIALChina+ $5.52M

Iron Structures’s highest export potential is United States. With an export gap of $2.04M.   Iron Structures’s highest import potential is China with an import gap of $5.52M.

See methodology.

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