2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Ecuador-Turkmenistan Trade: In 2021, Ecuador exported $17.9k to Turkmenistan. The main products that Ecuador exported to Turkmenistan were N/A. Over the past 5 years the exports of Ecuador to Turkmenistan have decreased at an annualized rate of 48.9%, from $512k in 2016 to $17.9k in 2021.

In 2021, Ecuador did not export any services to Turkmenistan.

Turkmenistan-Ecuador Trade: In 2021, Turkmenistan exported $3.54k to Ecuador. The main products that Turkmenistan exported to Ecuador were Non-Knit Men's Suits ($3.54k). Over the past 5 years the exports of Turkmenistan to Ecuador have decreased at an annualized rate of 23.5%,  from $13.5k in 2016 to $3.54k in 2021.

In 2021, Turkmenistan did not export any services to Ecuador.

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Ecuador exported $17.9k to Turkmenistan. There were not main exports from Ecuador to Turkmenistan in 2021. During the last 5 years the exports of Ecuador to Turkmenistan have decreased at an annualized rate of 48.9%, from $512k in 2016 to $17.9k in 2021.

In 2017, Turkmenistan exported $3.54k to Ecuador. The main products exported from Turkmenistan to Ecuador were Non-Knit Men's Suits ($3.54k). During the last 5 years the exports of Turkmenistan to Ecuador have decreased at an annualized rate of 23.5%, from $13.5k in 2022 to $3.54k in 2017.

Exports from Ecuador (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Turkmenistan
Top Destination
China$8.88B

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 2022, countries that imported more from Ecuador than Turkmenistan included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

In 2022, countries that imported more from Turkmenistan than Ecuador included China ($8.88B), Turkey ($884M), and Uzbekistan ($664M).

Difference in imports from Turkmenistan (Flag) and Ecuador (Flag) (2022)

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 2021, Ecuador had a large net trade with Turkmenistan in the exports of .

During 2017, Turkmenistan had a large net trade with Ecuador in the exports of Textiles ($3.54k).

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) (2022)

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