Coated Flat-Rolled Iron in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $1.2M in Coated Flat-Rolled Iron, making it the 98th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 247th most exported product in Ecuador. The main destination of Coated Flat-Rolled Iron exports from Ecuador are: Colombia ($645k), Costa Rica ($427k), El Salvador ($82.6k), Peru ($27.2k), and South Africa ($11.3k).

The fastest growing export markets for Coated Flat-Rolled Iron of Ecuador between 2021 and 2022 were Costa Rica ($427k), Colombia ($265k), and El Salvador ($82.6k).

Imports In 2022, Ecuador imported $342M in Coated Flat-Rolled Iron, becoming the 47th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 12th most imported product in Ecuador. Ecuador imports Coated Flat-Rolled Iron primarily from: China ($244M), South Korea ($27.3M), Japan ($25.8M), Germany ($15.8M), and Mexico ($10.9M).

The fastest growing import markets in Coated Flat-Rolled Iron for Ecuador between 2021 and 2022 were South Korea ($14.9M), Japan ($11.7M), and Mexico ($10.9M).

COMPANIES In 2021, leading companies such as were at the forefront of shipping Coated Flat-Rolled Iron from Ecuador to the United States.

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Coated Flat-Rolled Iron exports accounted up to $128k and imports accounted up to $34.5M, resulting in a negative trade balance of $34.3M. Between December 2020 and December 2021 the exports of Ecuador's Coated Flat-Rolled Iron have increased by $100k (369%) from $27.2k to $128k, while imports increased by $16.9M (96.2%) from $17.6M to $34.5M.

Destinations In December 2021, Coated Flat-Rolled Iron were exported mostly to Colombia ($128k) and Spain ($15), and were imported mostly from China ($21.7M), India ($11.5M), Japan ($553k), Costa Rica ($372k), and France ($189k).

Growth In December 2021, the increase in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to . In December 2021, the increase in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($4.33M or 31%), Germany ($1.15M or 223%), and Japan ($1.06M or 685%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$100k(369%)

IMPORT GROWTH (December 2020 - December 2021)$16.9M(96.2%)

MAIN DESTINATION (December 2021)Colombia$128k

This section shows Coated Flat-Rolled 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 Coated Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.2M

IMPORTS (2022)$342M

NET TRADE (2022)-$341M

In 2022, Ecuador exported $1.2M in Coated Flat-Rolled Iron. The main destinations of Ecuador exports on Coated Flat-Rolled Iron were Colombia ($645k), Costa Rica ($427k), El Salvador ($82.6k), Peru ($27.2k), and South Africa ($11.3k).

In 2022, Ecuador imported $342M in Coated Flat-Rolled Iron, mainly from China ($244M), South Korea ($27.3M), Japan ($25.8M), Germany ($15.8M), and Mexico ($10.9M).

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