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2022
Exports $3.54MWorld Rnk 92 / 222
Flag Rnk 152 / 1017
2022
Destination $306k Thailand
2021 - 2022
FASTEST GROWING MARKET $306kThailand
2022
PRODUCT COMPLEXITY IN Other Iron Products0.8Rnk 243 / 1025
2022
Imports $91MWorld Rnk 69 / 225
Flag Rnk 56 / 1175
2022
Origin $30M China
2021 - 2022
FASTEST GROWING ORIGIN $30MChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $3.54M in Other Iron Products, making it the 92nd largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 152nd most exported product in Ecuador. The main destination of Other Iron Products exports from Ecuador are: Thailand ($2.34M), Colombia ($241k), United States ($181k), Peru ($165k), and Canada ($85.1k).

The fastest growing export markets for Other Iron Products of Ecuador between 2021 and 2022 were Thailand ($306k), Colombia ($96.7k), and Canada ($78.2k).

Imports In 2022, Ecuador imported $91M in Other Iron Products, becoming the 69th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 56th most imported product in Ecuador. Ecuador imports Other Iron Products primarily from: China ($62.6M), Chile ($9.58M), United States ($6.4M), Brazil ($1.87M), and Colombia ($1.4M).

The fastest growing import markets in Other Iron Products for Ecuador between 2021 and 2022 were China ($30M), Chile ($2.55M), and United States ($2.21M).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Other Iron Products exports accounted up to $375k and imports accounted up to $16M, resulting in a negative trade balance of $15.6M. Between December 2020 and December 2021 the exports of Ecuador's   Other Iron Products have increased by $240k (176%) from $136k to $375k, while imports increased by $12.5M (355%) from $3.51M to $16M.

Destinations In December 2021, Other Iron Products were exported mostly to Thailand ($189k), Brazil ($69.1k), Colombia ($61.9k), Dominican Republic ($23.6k), and United States ($18.7k), and were imported mostly from China ($14.3M), Chile ($458k), United States ($436k), Colombia ($154k), and United Kingdom ($132k).

Growth In December 2021, the increase in Other Iron Products's year-by-year exports was explained primarily by an increase in exports to Peru ($77.1k or 698%) and United States ($9.5k or 5.62k%). In December 2021, the increase in Other Iron Products's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($75.3k or 174%), Netherlands ($30.1k or 517%), and Mexico ($26.8k or 244%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$240k(176%)
IMPORT GROWTH (December 2020 - December 2021)$12.5M(355%)
MAIN DESTINATION (December 2021)Thailand$189k

This section shows Other Iron Products'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 Other Iron Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.54M
IMPORTS (2022)$91M
NET TRADE (2022)-$87.5M

In 2022, Ecuador exported $3.54M in Other Iron Products. The main destinations of Ecuador exports on Other Iron Products were Thailand ($2.34M), Colombia ($241k), United States ($181k), Peru ($165k), and Canada ($85.1k).

In 2022, Ecuador imported $91M in Other Iron Products, mainly from China ($62.6M), Chile ($9.58M), United States ($6.4M), Brazil ($1.87M), and Colombia ($1.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Thailand$306k (15%)
Colombia$96.7k (67.2%)
Canada$78.2k (1.14k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Ecuador WERE (2021 - 2022):
Brazil-$488k (-98.2%)
Peru-$162k (-49.5%)
Czechia-$78.5k (-50.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Other Iron Products were:
China $18.4B
Germany $6.21B
United States $5.56B
In 2022, Ecuador's main importing competitors in Other Iron Products were:
United States $8.99B
Germany $7.58B
Mexico $3.93B

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $287k
TOP IMPORT POTENTIALChina+ $6.97M

Other Iron Products’s highest export potential is United States. With an export gap of $287k.   Other Iron Products’s highest import potential is China with an import gap of $6.97M.

See methodology.

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