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Pricing

2022
Flag → Flag
Exports $94.8MRnk 131 / 219
2022
Flag → Flag
Top Product $4.29MOther Steel Bars
2022
Flag → Flag
Exports $197MRnk 24 / 170
2022
Flag → Flag
Top Product $174MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

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
Value

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 (Flag) to Ecuador (Flag) (2022)

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

Latest Data

Trade between Turkey (Flag) and Ecuador (Flag)

Turkey Exports

Ecuador Exports

Market Competitiveness

Color
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 (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - Ecuador

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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