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2023
Exports $111kWorld Rnk 73 / 105
Flag Rnk 512 / 1002
2023
Destination $111k Belgium
2022 - 2023
FASTEST GROWING MARKET $111kBelgium
2023
PRODUCT COMPLEXITY IN Raw Copper-2.19Rnk 1009 / 1025
2023
Imports $121kWorld Rnk 61 / 153
Flag Rnk 984 / 1173
2023
Origin $78.2k Mexico
2022 - 2023
FASTEST GROWING ORIGIN $78.2kMexico
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $111k in Raw Copper, making it the 73rd largest exporter of Raw Copper in the world. At the same year, Raw Copper was the 512th most exported product in Ecuador. The main destination of Raw Copper exports from Ecuador are: Belgium ($111k).

The fastest growing export markets for Raw Copper of Ecuador between 2022 and 2023 were Belgium ($111k).

Imports In 2023, Ecuador imported $121k in Raw Copper, becoming the 61st largest importer of Raw Copper in the world. At the same year, Raw Copper was the 984th most imported product in Ecuador. Ecuador imports Raw Copper primarily from: Mexico ($78.2k), Peru ($23.7k), Netherlands ($8.58k), Spain ($4.55k), and South Korea ($2.95k).

The fastest growing import markets in Raw Copper for Ecuador between 2022 and 2023 were Mexico ($78.2k), Spain ($4.55k), and Netherlands ($3.76k).

Latest Trends

July 2021

About

Overview In July 2021 Ecuador's Raw Copper exports accounted up to $1.02M and imports accounted up to $3.94k, resulting in a positive trade balance of $1.01M. Between July 2020 and July 2021 the exports of Ecuador's   Raw Copper have decreased by $-1.64M (-61.7%) from $2.65M to $1.02M, while imports increased by $2.12k (117%) from $1.82k to $3.94k.

Destinations In July 2021, Raw Copper were exported mostly to , and were imported mostly from .

Growth In July 2021, the decrease in Raw Copper's year-by-year exports was explained primarily by a decrease in exports to . In November 2021, the increase in Raw Copper's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2020 - July 2021)$-1.64M(-61.7%)
IMPORT GROWTH (January 2020 - November 2021)$2.12k(117%)
MAIN DESTINATION (July 2021)

This section shows Raw Copper'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 Raw Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$111k
IMPORTS (2023)$121k
NET TRADE (2023)-$10.4k

In 2023, Ecuador exported $111k in Raw Copper. The main destinations of Ecuador exports on Raw Copper were Belgium ($111k).

In 2023, Ecuador imported $121k in Raw Copper, mainly from Mexico ($78.2k), Peru ($23.7k), Netherlands ($8.58k), Spain ($4.55k), and South Korea ($2.95k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Copper EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):Belgium$111k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Copper BY Ecuador WERE (2022 - 2023):China-$26.1M (-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 Raw Copper were:
Zambia $6.95B
Chile $2.16B
Democratic Republic of the Congo $1.41B
In 2023, Ecuador's main importing competitors in Raw Copper were:
China $6.13B
Switzerland $3.15B
India $2.05B

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Trade Value of Raw Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.38M
TOP IMPORT POTENTIALPeru+ $4.33k

Raw Copper’s highest export potential is China. With an export gap of $8.38M.   Raw Copper’s highest import potential is Peru with an import gap of $4.33k.

See methodology.

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