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2022
Exports $2.51kWorld Rnk 126 / 148
Flag Rnk 859 / 1017
2022
Destination $2.51k Honduras
2021 - 2022
FASTEST GROWING MARKET $2.51kHonduras
2022
PRODUCT COMPLEXITY IN Other Iron Bars-0.18Rnk 608 / 1025
2022
Imports $5.02MWorld Rnk 75 / 213
Flag Rnk 497 / 1175
2022
Origin $2.16M India
2021 - 2022
FASTEST GROWING ORIGIN $2.16MIndia
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $2.51k in Other Iron Bars, making it the 126th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 859th most exported product in Ecuador. The main destination of Other Iron Bars exports from Ecuador are: Honduras ($2.51k).

The fastest growing export markets for Other Iron Bars of Ecuador between 2021 and 2022 were Honduras ($2.51k).

Imports In 2022, Ecuador imported $5.02M in Other Iron Bars, becoming the 75th largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 497th most imported product in Ecuador. Ecuador imports Other Iron Bars primarily from: India ($3.43M), Peru ($1.01M), Turkey ($187k), Romania ($159k), and Chinese Taipei ($51.8k).

The fastest growing import markets in Other Iron Bars for Ecuador between 2021 and 2022 were India ($2.16M), Peru ($1M), and Romania ($67.7k).

Latest Trends

October 2021

About

Overview In October 2021 Ecuador's Other Iron Bars exports accounted up to $30.1k and imports accounted up to $8.98k, resulting in a positive trade balance of $21.1k. Between June 2018 and October 2021 the exports of Ecuador's   Other Iron Bars have increased by $25.1k (496%) from $5.05k to $30.1k, while imports increased by $7.4k (469%) from $1.58k to $8.98k.

Destinations In October 2021, Other Iron Bars were exported mostly to , and were imported mostly from China ($8.98k).

Growth In October 2021, the increase in Other Iron Bars's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Other 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 (June 2018 - October 2021)$25.1k(496%)
IMPORT GROWTH (December 2020 - December 2021)$7.4k(469%)
MAIN DESTINATION (October 2021)

This section shows Other 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 Other Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.51k
IMPORTS (2022)$5.02M
NET TRADE (2022)-$5.01M

In 2022, Ecuador exported $2.51k in Other Iron Bars. The main destinations of Ecuador exports on Other Iron Bars were Honduras ($2.51k).

In 2022, Ecuador imported $5.02M in Other Iron Bars, mainly from India ($3.43M), Peru ($1.01M), Turkey ($187k), Romania ($159k), and Chinese Taipei ($51.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Bars EXPORT MARKETS FOR Ecuador WERE (2021 - 2022):Honduras$2.51k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Bars BY Ecuador WERE (2021 - 2022):
Chile-$39.8k (-100%)
Canada-$29.9k (-100%)
Guatemala-$2.08k (-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 Other Iron Bars were:
Italy $690M
Germany $402M
France $218M
In 2022, Ecuador's main importing competitors in Other Iron Bars were:
Germany $608M
France $234M
Poland $204M

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Trade Value of Other Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $429
TOP IMPORT POTENTIALChina+ $119k

Other Iron Bars’s highest export potential is Germany. With an export gap of $429.   Other Iron Bars’s highest import potential is China with an import gap of $119k.

See methodology.

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