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2023
Flag → Flag
Exports $55.8MRnk 49 / 174
2023
Flag → Flag
Top Product $34.5MBananas
2023
Flag → Flag
Exports $101MRnk 127 / 216
2023
Flag → Flag
Top Product $4.02MExplosive Ammunition
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Ecuador-Turkey Trade: In 2023, Ecuador exported $55.8M to Turkey. The main products that Ecuador exported to Turkey were Bananas ($34.5M), Cut Flowers ($5.67M), and Other Wood Articles ($4.06M). Over the past 5 years the exports of Ecuador to Turkey have decreased at an annualized rate of 22.6%, from $202M in 2018 to $55.8M in 2023.

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

Turkey-Ecuador Trade: In 2023, Turkey exported $101M to Ecuador. The main products that Turkey exported to Ecuador were Explosive Ammunition ($4.02M), Packaged Medicaments ($3.27M), and Non-Knit Women's Suits ($3.16M). Over the past 5 years the exports of Turkey to Ecuador have increased at an annualized rate of 4.54%,  from $81M in 2018 to $101M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $19.1M and imported $7M from Turkey, resulting in a positive trade balance of $12.1M. Between December 2020 and December 2021 the exports of Ecuador have increased by $1.26M (7.04%) from $17.9M to $19.1M, while imports increased by $469k (7.18%) from $6.53M to $7M.

Trade In December 2021, the top exports of Ecuador to Turkey were Bananas ($9.23M), Cocoa Beans ($1.61M), Other Wood Articles ($1.27M), Animal Meal and Pellets ($133k), and Buttons ($110k). In December 2021 the top imports of Ecuador from Turkey were Packaged Medicaments ($833k), Other Steel Bars ($458k), Liquid Dispersing Machines ($219k), Prepared Pigments ($184k), and Other Heating Machinery ($182k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($17.6M), Puerto Bolívar ($1.41M), Manta ($143k), and Guayaquil-Aéreo ($727), while imports destinations were mainly Guayaquil-Marítimo ($5.26M), Quito ($1.64M), Guayaquil-Aéreo ($77.2k), Cuenca ($16.2k), and Tulcán ($6.84k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Turkey was explained primarily by an increase in product exports in Other Wood Articles ($809k or 174%) and Sanitary towels (pads) ($1.01k or 15.8%). In December 2021, the increase in Ecuador's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Packaged Medicaments ($670k or 411%), Other Heating Machinery ($155k or 570%), and Prepared Pigments ($117k or 175%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$1.26M(7.04%)
IMPORT GROWTH (December 2020 - December 2021)$469k(7.18%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$17.6M

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Turkey and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $55.8M to Turkey. The main products exported from Ecuador to Turkey were Bananas ($34.5M), Cut Flowers ($5.67M), and Other Wood Articles ($4.06M). During the last 5 years the exports of Ecuador to Turkey have decreased at an annualized rate of 22.6%, from $202M in 2018 to $55.8M in 2023.

In 2018, Turkey exported $101M to Ecuador. The main products exported from Turkey to Ecuador were Explosive Ammunition ($4.02M), Packaged Medicaments ($3.27M), and Non-Knit Women's Suits ($3.16M). During the last 5 years the exports of Turkey to Ecuador have increased at an annualized rate of 4.54%, from $81M in 2023 to $101M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Ecuador than Turkey included China ($7.96B), Panama ($4.38B), and Peru ($1.15B).

In 2023, countries that imported more from Turkey than Ecuador included Germany ($24.7B), United Kingdom ($15.1B), and United Arab Emirates ($14.7B).

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

Comparative Advantage Ecuador - Turkey

Flow
Scale

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

During 2023, Ecuador had a large net trade with Turkey in the exports of Vegetable Products ($40.5M), Foodstuffs ($6.85M), and Wood Products ($5.17M).

During 2018, Turkey had a large net trade with Ecuador in the exports of Machines ($21.9M), Chemical Products ($18.6M), and Textiles ($17.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Turkey+$1.29MCoffee and Tea Extracts
Top Product Potential Turkey Ecuador+$3.69MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

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

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