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2022
Exports $3.39MWorld Rnk 97 / 162
Flag Rnk 153 / 1017
2022
Destination $263k Colombia
2021 - 2022
FASTEST GROWING MARKET $263kBolivia
2022
PRODUCT COMPLEXITY IN Raw Iron Bars-1.3Rnk 911 / 1025
2022
Imports $1.04MWorld Rnk 196 / 217
Flag Rnk 772 / 1175
2022
Origin $295k China
2021 - 2022
FASTEST GROWING ORIGIN $295kChina
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $3.39M in Raw Iron Bars, making it the 97th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 153rd most exported product in Ecuador. The main destination of Raw Iron Bars exports from Ecuador are: Colombia ($2.29M), Bolivia ($1.02M), Peru ($49k), Norway ($28.7k), and Nicaragua ($4.33k).

The fastest growing export markets for Raw Iron Bars of Ecuador between 2021 and 2022 were Bolivia ($263k), Norway ($28.7k), and Nicaragua ($3.43k).

Imports In 2022, Ecuador imported $1.04M in Raw Iron Bars, becoming the 196th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 772nd most imported product in Ecuador. Ecuador imports Raw Iron Bars primarily from: China ($388k), Peru ($152k), Netherlands ($138k), Romania ($97k), and Italy ($75.6k).

The fastest growing import markets in Raw Iron Bars for Ecuador between 2021 and 2022 were China ($295k), Peru ($133k), and Germany ($49.6k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Raw Iron Bars exports accounted up to $113k and imports accounted up to $52.9k, resulting in a positive trade balance of $60.4k. Between December 2020 and December 2021 the exports of Ecuador's   Raw Iron Bars have decreased by $-147k (-56.4%) from $260k to $113k, while imports increased by $50.7k (2.32k%) from $2.19k to $52.9k.

Destinations In December 2021, Raw Iron Bars were exported mostly to Colombia ($72.1k), Peru ($40.5k), and Dominican Republic ($688), and were imported mostly from Romania ($52.9k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$-147k(-56.4%)
IMPORT GROWTH (October 2020 - December 2021)$50.7k(2.32k%)
MAIN DESTINATION (December 2021)Colombia$72.1k

This section shows Raw Iron 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 Raw Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.39M
IMPORTS (2022)$1.04M
NET TRADE (2022)$2.35M

In 2022, Ecuador exported $3.39M in Raw Iron Bars. The main destinations of Ecuador exports on Raw Iron Bars were Colombia ($2.29M), Bolivia ($1.02M), Peru ($49k), Norway ($28.7k), and Nicaragua ($4.33k).

In 2022, Ecuador imported $1.04M in Raw Iron Bars, mainly from China ($388k), Peru ($152k), Netherlands ($138k), Romania ($97k), and Italy ($75.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
Bolivia$263k (34.8%)
Norway$28.7k (1%)
Nicaragua$3.43k (379%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Ecuador WERE (2021 - 2022):
Colombia-$1.61M (-41.4%)
Mauritania-$835k (-100%)
Peru-$136k (-73.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Malaysia $1.83B
Italy $1.71B
In 2022, Ecuador's main importing competitors in Raw Iron Bars were:
Hong Kong $1.93B
Germany $1.72B
United States $1.58B

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $498k
TOP IMPORT POTENTIALChina+ $235k

Raw Iron Bars’s highest export potential is Colombia. With an export gap of $498k.   Raw Iron Bars’s highest import potential is China with an import gap of $235k.

See methodology.

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