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2023
Exports $1.8MWorld Rnk 63 / 127
Flag Rnk 196 / 1002
2023
Destination $33.2k Colombia
2022 - 2023
FASTEST GROWING MARKET $33.2kChile
2023
PRODUCT COMPLEXITY IN Large Coated Flat-Rolled Iron0.69Rnk 287 / 1025
2023
Imports $8.72MWorld Rnk 64 / 209
Flag Rnk 386 / 1173
2023
Origin $2.36M China
2022 - 2023
FASTEST GROWING ORIGIN $2.36MChina
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $1.8M in Large Coated Flat-Rolled Iron, making it the 63rd largest exporter of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 196th most exported product in Ecuador. The main destination of Large Coated Flat-Rolled Iron exports from Ecuador are: Colombia ($1.76M), Chile ($33.2k), Peru ($677), and United States ($7).

The fastest growing export markets for Large Coated Flat-Rolled Iron of Ecuador between 2022 and 2023 were Chile ($33.2k), Peru ($315), and United States ($7).

Imports In 2023, Ecuador imported $8.72M in Large Coated Flat-Rolled Iron, becoming the 64th largest importer of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 386th most imported product in Ecuador. Ecuador imports Large Coated Flat-Rolled Iron primarily from: China ($7.75M), Spain ($288k), South Korea ($264k), Hong Kong ($98.2k), and Colombia ($97.3k).

The fastest growing import markets in Large Coated Flat-Rolled Iron for Ecuador between 2022 and 2023 were China ($2.36M), Spain ($283k), and Hong Kong ($49.7k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Large Coated Flat-Rolled Iron exports accounted up to $112k and imports accounted up to $712k, resulting in a negative trade balance of $599k. Between December 2020 and December 2021 the exports of Ecuador's   Large Coated Flat-Rolled Iron have increased by $1.69k (1.53%) from $111k to $112k, while imports decreased by $-180k (-20.1%) from $891k to $712k.

Destinations In December 2021, Large Coated Flat-Rolled Iron were exported mostly to Colombia ($89.4k) and Spain ($23k), and were imported mostly from China ($582k), Chinese Taipei ($56.5k), Colombia ($40.9k), and South Korea ($32.4k).

Growth In December 2021, the increase in Large Coated Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Colombia ($34.1k or 35.1%). In December 2021, the decrease in Large Coated Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Germany ($-86.6k or -36.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$1.69k(1.53%)
IMPORT GROWTH (December 2020 - December 2021)$-180k(-20.1%)
MAIN DESTINATION (December 2021)Colombia$89.4k

This section shows Large Coated Flat-Rolled Iron'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 Large Coated Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.8M
IMPORTS (2023)$8.72M
NET TRADE (2023)-$6.93M

In 2023, Ecuador exported $1.8M in Large Coated Flat-Rolled Iron. The main destinations of Ecuador exports on Large Coated Flat-Rolled Iron were Colombia ($1.76M), Chile ($33.2k), Peru ($677), and United States ($7).

In 2023, Ecuador imported $8.72M in Large Coated Flat-Rolled Iron, mainly from China ($7.75M), Spain ($288k), South Korea ($264k), Hong Kong ($98.2k), and Colombia ($97.3k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Coated Flat-Rolled Iron EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
Chile$33.2k (1%)
Peru$315 (87%)
United States$7 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Coated Flat-Rolled Iron BY Ecuador WERE (2022 - 2023):
Colombia-$705k (-28.6%)
Spain-$65.8k (-100%)
Panama-$3 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Ecuador's main exporting competitors in Large Coated Flat-Rolled Iron were:
China $1.09B
Germany $866M
United States $344M
In 2023, Ecuador's main importing competitors in Large Coated Flat-Rolled Iron were:
France $411M
Germany $360M
Poland $276M

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Trade Value of Large Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $70.3k
TOP IMPORT POTENTIALChina+ $523k

Large Coated Flat-Rolled Iron’s highest export potential is Spain. With an export gap of $70.3k.   Large Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $523k.

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