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2023
Exports $80.3MWorld Rnk 52 / 195
Flag Rnk 28 / 1002
falsefalse China
2022 - 2023
FASTEST GROWING MARKETfalseSouth Korea
2023
PRODUCT COMPLEXITY IN Scrap Copper-1.03Rnk 837 / 1025
2023
Imports $10kWorld Rnk 113 / 140
Flag Rnk 1103 / 1173
2022 - 2023
FASTEST GROWING ORIGINfalsefalse
2023
ECONOMIC COMPLEXITY of Ecuador-0.85Rnk 104 / 132

About

Exports In 2023, Ecuador exported $80.3M in Scrap Copper, making it the 52nd largest exporter of Scrap Copper in the world. At the same year, Scrap Copper was the 28th most exported product in Ecuador. The main destination of Scrap Copper exports from Ecuador are: China ($40.9M), South Korea ($23.3M), Brazil ($7.15M), Peru ($1.82M), and Japan ($1.45M).

The fastest growing export markets for Scrap Copper of Ecuador between 2022 and 2023 were South Korea ($4.68M), Hong Kong ($833k), and Italy ($789k).

Imports In 2023, Ecuador imported $10k in Scrap Copper, becoming the 113th largest importer of Scrap Copper in the world. At the same year, Scrap Copper was the 1103rd most imported product in Ecuador. Ecuador imports Scrap Copper primarily from: Australia ($4.86k), United States ($4.7k), and Peru ($493).

Latest Trends

December 2021

About

Overview In December 2021 Ecuador's Scrap Copper exports accounted up to $8.57M and imports accounted up to $4.9k, resulting in a positive trade balance of $8.56M. Between December 2020 and December 2021 the exports of Ecuador's   Scrap Copper have increased by $2.48M (40.7%) from $6.09M to $8.57M, while imports decreased by $-552k (-99.1%) from $557k to $4.9k.

Destinations In December 2021, Scrap Copper were exported mostly to China ($5.39M), South Korea ($2.52M), Brazil ($388k), United States ($123k), and Malaysia ($111k), and were imported mostly from Peru ($4.9k).

Growth In December 2021, the increase in Scrap Copper's year-by-year exports was explained primarily by an increase in exports to Brazil ($1.12M or 106%) and Chile ($255k or 122%). In December 2021, the decrease in Scrap Copper's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2020 - December 2021)$2.48M(40.7%)
IMPORT GROWTH (September 2020 - December 2021)$-552k(-99.1%)
MAIN DESTINATION (December 2021)China$5.39M

This section shows Scrap 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 Scrap Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$80.3M
IMPORTS (2023)$10k
NET TRADE (2023)$80.3M

In 2023, Ecuador exported $80.3M in Scrap Copper. The main destinations of Ecuador exports on Scrap Copper were China ($40.9M), South Korea ($23.3M), Brazil ($7.15M), Peru ($1.82M), and Japan ($1.45M).

In 2023, Ecuador imported $10k in Scrap Copper, mainly from Australia ($4.86k), United States ($4.7k), and Peru ($493).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Copper EXPORT MARKETS FOR Ecuador WERE (2022 - 2023):
South Korea$4.68M (25.2%)
Hong Kong$833k (152%)
Italy$789k (685%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Copper BY Ecuador WERE (2022 - 2023):
Brazil-$4.95M (-40.9%)
China-$2.86M (-6.53%)
Slovakia-$1.81M (-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 Scrap Copper were:
United States $4.68B
Japan $2.43B
Germany $2.27B
In 2023, Ecuador's main importing competitors in Scrap Copper were:
China $12.5B
Germany $3.14B
India $1.63B

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Trade Value of Scrap Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $19.1M
TOP IMPORT POTENTIALUnited States+ $631k

Scrap Copper’s highest export potential is China. With an export gap of $19.1M.   Scrap Copper’s highest import potential is United States with an import gap of $631k.

See methodology.

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