2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH
54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH
24.7%CURRENT US$
Rnk 87 / 195

About

Ecuador-Turkmenistan Trade: In 2023, Ecuador exported $15k to Turkmenistan. The main products that Ecuador exported to Turkmenistan were Cut Flowers ($15k). Over the past 6 years the exports of Ecuador to Turkmenistan have decreased at an annualized rate of 38.7%, from $281k in 2017 to $15k in 2023.

In 2023, Ecuador did not export any services to Turkmenistan.

Turkmenistan-Ecuador Trade: In 2023, Turkmenistan exported $5.67k to Ecuador. The main products that Turkmenistan exported to Ecuador were Non-Knit Men's Suits ($4.61k) and Non-Knit Women's Suits ($1.06k). Over the past 6 years the exports of Turkmenistan to Ecuador have increased at an annualized rate of 47.3%,  from $819 in 2017 to $5.67k in 2023.

In 2023, Turkmenistan did not export any services to Ecuador.

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $15k to Turkmenistan. The main products exported from Ecuador to Turkmenistan were Cut Flowers ($15k). During the last 6 years the exports of Ecuador to Turkmenistan have decreased at an annualized rate of 38.7%, from $281k in 2017 to $15k in 2023.

In 2018, Turkmenistan exported $5.67k to Ecuador. The main products exported from Turkmenistan to Ecuador were Non-Knit Men's Suits ($4.61k) and Non-Knit Women's Suits ($1.06k). During the last 5 years the exports of Turkmenistan to Ecuador have increased at an annualized rate of 47.3%, from $819 in 2023 to $5.67k in 2018.

Exports from Ecuador (Flag) to Turkmenistan (Flag) (2023)

Exports from Turkmenistan (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Turkmenistan
Top Destination
China$9.63B

This map shows whether countries import more from Ecuador or Turkmenistan. Each country is colored based on the difference in imports they receive from Ecuador and Turkmenistan or the difference in the growth in imports.

In 2023, countries that imported more from Ecuador than Turkmenistan included United States ($8.34B), Panama ($4.38B), and Japan ($1.24B).

In 2023, countries that imported more from Turkmenistan than Ecuador included China ($9.63B), Turkey ($1.66B), and Uzbekistan ($950M).

Difference in imports from Turkmenistan (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Turkmenistan

Flow
Scale

This chart compares trade between Ecuador and Turkmenistan by product, considering products traded by both, Ecuador and Turkmenistan.

During 2023, Ecuador had a large net trade with Turkmenistan in the exports of Vegetable Products ($15k).

During 2018, Turkmenistan had a large net trade with Ecuador in the exports of Textiles ($5.67k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Turkmenistan. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Turkmenistan (Flag) (2023)

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