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2022
Exports $6.98MWorld Rnk 86 / 140
Flag Rnk 109 / 1017
2022
Destination $2.37M China
2021 - 2022
FASTEST GROWING MARKET $2.37MChina
2022
PRODUCT COMPLEXITY IN Refined Copper-1.43Rnk 938 / 1025
2022
Imports $9.71MWorld Rnk 64 / 184
Flag Rnk 381 / 1175
2022
Origin $146k Peru
2021 - 2022
FASTEST GROWING ORIGIN $146kNew Zealand
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $6.98M in Refined Copper, making it the 86th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 109th most exported product in Ecuador. The main destination of Refined Copper exports from Ecuador are: China ($4.57M), Germany ($1.25M), Netherlands ($609k), Panama ($228k), and United States ($184k).

The fastest growing export markets for Refined Copper of Ecuador between 2021 and 2022 were China ($2.37M), Netherlands ($609k), and Panama ($200k).

Imports In 2022, Ecuador imported $9.71M in Refined Copper, becoming the 64th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 381st most imported product in Ecuador. Ecuador imports Refined Copper primarily from: Peru ($8.65M), New Zealand ($477k), Spain ($346k), Colombia ($88.3k), and France ($67.2k).

The fastest growing import markets in Refined Copper for Ecuador between 2021 and 2022 were New Zealand ($146k), United States ($15.9k), and Colombia ($12.9k).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Refined Copper exports accounted up to $887k and imports accounted up to $1.96M, resulting in a negative trade balance of $1.07M. Between December 2020 and December 2021 the exports of Ecuador's   Refined Copper have increased by $399k (81.7%) from $488k to $887k, while imports increased by $627k (47%) from $1.33M to $1.96M.

Destinations In December 2021, Refined Copper were exported mostly to China ($514k), Germany ($362k), and Panama ($11k), and were imported mostly from N/A.

Growth In December 2021, the increase in Refined Copper's year-by-year exports was explained primarily by an increase in exports to China ($40.3k or 20.5%). In December 2021, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$399k(81.7%)
IMPORT GROWTH (November 2020 - December 2021)$627k(47%)
MAIN DESTINATION (December 2021)China$514k

This section shows Refined 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 Refined Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.98M
IMPORTS (2022)$9.71M
NET TRADE (2022)-$2.73M

In 2022, Ecuador exported $6.98M in Refined Copper. The main destinations of Ecuador exports on Refined Copper were China ($4.57M), Germany ($1.25M), Netherlands ($609k), Panama ($228k), and United States ($184k).

In 2022, Ecuador imported $9.71M in Refined Copper, mainly from Peru ($8.65M), New Zealand ($477k), Spain ($346k), Colombia ($88.3k), and France ($67.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):
China$2.37M (108%)
Netherlands$609k (1%)
Panama$200k (713%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Ecuador WERE (2021 - 2022):
Germany-$1.97M (-61.1%)
Hong Kong-$132k (-100%)
South Korea-$126k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Ecuador's main exporting competitors in Refined Copper were:
Chile $18.4B
Democratic Republic of the Congo $16.3B
Russia $6.58B
In 2022, Ecuador's main importing competitors in Refined Copper were:
China $34.7B
United States $6.16B
Germany $5.77B

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $417k
TOP IMPORT POTENTIALPeru+ $2.9M

Refined Copper’s highest export potential is China. With an export gap of $417k.   Refined Copper’s highest import potential is Peru with an import gap of $2.9M.

See methodology.

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