Turkey (TUR) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Turkey-Ecuador Trade: In 2022, Turkey exported $94.8M to Ecuador. The main products that Turkey exported to Ecuador were Other Steel Bars ($4.29M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($3.06M), and Other Uncoated Paper ($2.75M). Over the past 5 years the exports of Turkey to Ecuador have increased at an annualized rate of 11%, from $56.2M in 2017 to $94.8M in 2022.

In 2022, Turkey did not export any services to Ecuador.

Ecuador-Turkey Trade: In 2022, Ecuador exported $197M to Turkey. The main products that Ecuador exported to Turkey were Bananas ($174M), Other Wood Articles ($7.76M), and Cut Flowers ($5.18M). Over the past 5 years the exports of Ecuador to Turkey have decreased at an annualized rate of 3.14%, from $232M in 2017 to $197M in 2022.

In 2022, Ecuador did not export any services to Turkey.

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $94.8M to Ecuador. The main products exported from Turkey to Ecuador were Other Steel Bars ($4.29M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($3.06M), and Other Uncoated Paper ($2.75M). During the last 5 years the exports of Turkey to Ecuador have increased at an annualized rate of 11%, from $56.2M in 2017 to $94.8M in 2022.

In 2017, Ecuador exported $197M to Turkey. The main products exported from Ecuador to Turkey were Bananas ($174M), Other Wood Articles ($7.76M), and Cut Flowers ($5.18M). During the last 5 years the exports of Ecuador to Turkey have decreased at an annualized rate of 3.14%, from $232M in 2022 to $197M in 2017.

Exports from Turkey () to Ecuador () (2022)

Exports from Ecuador () to Turkey () (2022)

Latest Data

Trade between Turkey () and Ecuador ()

Turkey Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Turkey than Ecuador included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

In 2022, countries that imported more from Ecuador than Turkey included Panama ($4.97B), China ($6.17B), and Chile ($1.34B).

Difference in imports from Ecuador () and Turkey () (2022)

Comparative Advantage Turkey - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Ecuador in the exports of Machines ($22.1M), Chemical Products ($17.4M), and Textiles ($10.5M).

During 2017, Ecuador had a large net trade with Turkey in the exports of Vegetable Products ($180M), Wood Products ($7.91M), and Foodstuffs ($6.84M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Ecuador+$3.69MCars

Top Product Potential Ecuador Turkey+$1.29MCoffee and Tea Extracts

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Ecuador () (2022)

Exports from Ecuador () to Turkey () (2022)

Latest Data

Trade between Turkey () and Ecuador ()

Turkey Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Turkey () (2022)

Comparative Advantage Turkey - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Ecuador () (2022)

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