Iron Structures in Ecuador | The Observatory of Economic Complexity

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Exports In 2022, Ecuador exported $7.64M in Iron Structures, making it the 85th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 104th most exported product in Ecuador. The main destination of Iron Structures exports from Ecuador are: Colombia ($3.27M), United States ($1.87M), Peru ($1.1M), Bolivia ($330k), and Canada ($299k).

The fastest growing export markets for Iron Structures of Ecuador between 2021 and 2022 were United States ($921k), Canada ($299k), and Brazil ($238k).

Imports In 2022, Ecuador imported $54.4M in Iron Structures, becoming the 112th largest importer of Iron Structures in the world. At the same year, Iron Structures was the 97th most imported product in Ecuador. Ecuador imports Iron Structures primarily from: China ($36.9M), Colombia ($4.37M), Spain ($3.69M), United States ($1.97M), and Germany ($1.09M).

The fastest growing import markets in Iron Structures for Ecuador between 2021 and 2022 were China ($23.8M), Colombia ($2.21M), and United States ($1.12M).

Latest Trends

December 2021

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Overview In December 2021 Ecuador's Iron Structures exports accounted up to $303k and imports accounted up to $1.99M, resulting in a negative trade balance of $1.68M. Between December 2020 and December 2021 the exports of Ecuador's Iron Structures have decreased by $-485k (-61.5%) from $788k to $303k, while imports increased by $918k (86.1%) from $1.07M to $1.99M.

Destinations In December 2021, Iron Structures were exported mostly to Colombia ($135k), United States ($123k), Peru ($46k), and Panama ($2), and were imported mostly from China ($758k), Colombia ($652k), Spain ($252k), Portugal ($156k), and Chile ($78.6k).

Growth In December 2021, the decrease in Iron Structures's year-by-year exports was explained primarily by a decrease in exports to Peru ($-306k or -58.6%). In December 2021, the increase in Iron Structures's year-by-year imports was explained primarily by an increase in imports from Spain ($121k or 111%), United States ($54.6k or 43.3%), and Italy ($327 or 5.01%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$-485k(-61.5%)

IMPORT GROWTH (December 2020 - December 2021)$918k(86.1%)

MAIN DESTINATION (December 2021)Colombia$135k

This section shows Iron Structures'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 Iron Structures over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.64M

IMPORTS (2022)$54.4M

NET TRADE (2022)-$46.8M

In 2022, Ecuador exported $7.64M in Iron Structures. The main destinations of Ecuador exports on Iron Structures were Colombia ($3.27M), United States ($1.87M), Peru ($1.1M), Bolivia ($330k), and Canada ($299k).

In 2022, Ecuador imported $54.4M in Iron Structures, mainly from China ($36.9M), Colombia ($4.37M), Spain ($3.69M), United States ($1.97M), and Germany ($1.09M).

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