Other Steel Bars in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $183k in Other Steel Bars, making it the 90th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 475th most exported product in Ecuador. The main destination of Other Steel Bars exports from Ecuador are: South Africa ($108k), Colombia ($36.3k), Peru ($25.4k), Chile ($5k), and Panama ($4.71k).

The fastest growing export markets for Other Steel Bars of Ecuador between 2021 and 2022 were South Africa ($108k), Colombia ($36.3k), and Peru ($24.6k).

Imports In 2022, Ecuador imported $17.4M in Other Steel Bars, becoming the 69th largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 265th most imported product in Ecuador. Ecuador imports Other Steel Bars primarily from: China ($6.16M), Turkey ($4.29M), Spain ($2.64M), India ($1.7M), and Netherlands ($637k).

The fastest growing import markets in Other Steel Bars for Ecuador between 2021 and 2022 were China ($3.41M), Turkey ($832k), and India ($503k).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Other Steel Bars from Ecuador to the United States.

Latest Trends

November 2021

About

Overview In November 2021 Ecuador's Other Steel Bars exports accounted up to $289 and imports accounted up to $715k, resulting in a negative trade balance of $715k. Between March 2017 and November 2021 the exports of Ecuador's Other Steel Bars have decreased by $-761 (-72.5%) from $1.05k to $289, while imports decreased by $-1.03M (-58.9%) from $1.74M to $715k.

Destinations In November 2021, Other Steel Bars were exported mostly to , and were imported mostly from Turkey ($263k), China ($136k), India ($92.3k), Netherlands ($74.1k), and Germany ($66.8k).

Growth In November 2021, the decrease in Other Steel Bars's year-by-year exports was explained primarily by a decrease in exports to . In December 2021, the decrease in Other Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-148k or -79.7%), Turkey ($-76.8k or -14.3%), and United States ($-71.1k or -88.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2017 - November 2021)$-761(-72.5%)

IMPORT GROWTH (December 2020 - December 2021)$-1.03M(-58.9%)

MAIN DESTINATION (November 2021)

This section shows Other Steel Bars'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 Steel Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$183k

IMPORTS (2022)$17.4M

NET TRADE (2022)-$17.2M

In 2022, Ecuador exported $183k in Other Steel Bars. The main destinations of Ecuador exports on Other Steel Bars were South Africa ($108k), Colombia ($36.3k), Peru ($25.4k), Chile ($5k), and Panama ($4.71k).

In 2022, Ecuador imported $17.4M in Other Steel Bars, mainly from China ($6.16M), Turkey ($4.29M), Spain ($2.64M), India ($1.7M), and Netherlands ($637k).

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