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2022
Exports $199World Rnk 85 / 92
Flag Rnk 960 / 1017
falsefalse Peru
2021 - 2022
FASTEST GROWING MARKETfalsefalse
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2022
Imports $15.8MWorld Rnk 33 / 141
Flag Rnk 289 / 1175
2021 - 2022
FASTEST GROWING ORIGINfalseBrazil
2022
ECONOMIC COMPLEXITY of Ecuador-0.96Rnk 109 / 133

About

Exports In 2022, Ecuador exported $199 in Pig Iron, making it the 85th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 960th most exported product in Ecuador. The main destination of Pig Iron exports from Ecuador are: Peru ($110), Colombia ($49), and Panama ($40).

Imports In 2022, Ecuador imported $15.8M in Pig Iron, becoming the 33rd largest importer of Pig Iron in the world. At the same year, Pig Iron was the 289th most imported product in Ecuador. Ecuador imports Pig Iron primarily from: Brazil ($15M), South Africa ($429k), Germany ($393k), Colombia ($1.53k), and United States ($406).

The fastest growing import markets in Pig Iron for Ecuador between 2021 and 2022 were Brazil ($7.75M), South Africa ($210k), and United States ($95).

Latest Trends

August 2021

About

Overview In August 2021 Ecuador's Pig Iron exports accounted up to $55.2 and imports accounted up to $6.12M, resulting in a negative trade balance of $6.12M. Between August 2020 and August 2021 the exports of Ecuador's   Pig Iron have increased by $1.95 (3.66%) from $53.2 to $55.2, while imports increased by $5.74M (1.53k%) from $376k to $6.12M.

Destinations In August 2021, Pig Iron were exported mostly to N/A, and were imported mostly from .

Growth In August 2021, the increase in Pig Iron's year-by-year exports was explained primarily by an increase in exports to . In July 2021, the increase in Pig Iron's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2020 - August 2021)$1.95(3.66%)
IMPORT GROWTH (January 2019 - July 2021)$5.74M(1.53k%)

This section shows Pig Iron'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 Pig Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$199
IMPORTS (2022)$15.8M
NET TRADE (2022)-$15.8M

In 2022, Ecuador exported $199 in Pig Iron. The main destinations of Ecuador exports on Pig Iron were Peru ($110), Colombia ($49), and Panama ($40).

In 2022, Ecuador imported $15.8M in Pig Iron, mainly from Brazil ($15M), South Africa ($429k), Germany ($393k), Colombia ($1.53k), and United States ($406).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Ecuador WERE (2021 - 2022):
Peru-$1.5k (-93.2%)
Colombia-$131 (-72.8%)
Dominican Republic-$95 (-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 Pig Iron were:
Brazil $2.3B
Russia $1.78B
Ukraine $668M
In 2022, Ecuador's main importing competitors in Pig Iron were:
United States $2.87B
Italy $705M
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $650
TOP IMPORT POTENTIALSouth Africa+ $269k

Pig Iron’s highest export potential is United States. With an export gap of $650.   Pig Iron’s highest import potential is South Africa with an import gap of $269k.

See methodology.

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