Turkey
ECON COMPLEXITY (2018)
0.57
RANK 43 OF 137
PRODUCT EXPORTS (2018)
$177B
RANK 29 OF 222
EXPORTS PER CAPITA (2018)
$2.14K
RANK 79 OF 219
PRODUCT IMPORTS (2018)
$202B
RANK 26 OF 221
IMPORTS PER CAPITA (2018)
$2.45K
RANK 79 of 219
SERVICE EXPORTS (2018)
$57.6B
RANK 13 OF 88
SERVICE IMPORTS (2018)
$27B
RANK 22 OF 88
GDP (2018)
$771B
CURRENT US$
RANK 19 OF 196
GDP GROWTH (2008-2018)
0.92%
CURRENT US$
RANK 162 OF 196
GDP PC (2018)
$9,370
CURRENT US$
RANK 80 OF 196
GDP PC GROWTH (2008-2018)
-13.7%
CURRENT US$
RANK 172 OF 196
Overview: In 2018 Turkey was the number 19 economy in the world in terms of GDP (current US$), the number 29 in total exports, the number 26 in total imports, and the number 43 most complex economy according to the Economic Complexity Index (ECI). In 2018, Turkey exported $177B and imported $202B, resulting in a negative trade balance of -$25B. In 2018, Turkey’s exports per capita were $2.14k and its imports per capita were $2.45k.
Trade: The top exports of Turkey are Cars ($12.9B), Delivery Trucks ($5.38B), Vehicle Parts ($4.63B), Jewellery ($4.29B), and Crude Petroleum ($3.65B). The top imports of Turkey are Refined Petroleum ($12.4B), Gold ($11.3B), Scrap Iron ($6.47B), Vehicle Parts ($6.45B), and Cars ($6.11B).
Destinations: Turkey exports mostly to Germany ($16.6B), United Kingdom ($11.9B), Italy ($10.1B), United States ($8.57B), and Iraq($8.35B), and imports mostly from Germany ($22.1B), China ($19.2B), Russia ($15.9B), United States ($10.6B), and Italy ($10.4B).
Location: Turkey borders Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Iran, Iraq, and Syria by land and Cyprus, Egypt, Romania, Russia, and Ukraine by sea.
Exports
In 2018 Turkey exported a total of $177B, making it the number 29 exporter in the world. During the last five reported years the exports of Turkey have changed by $14.5B from $162B in 2013 to $177B in 2018.
The most recent exports are led by Cars ($12.9B), Delivery Trucks ($5.38B), Vehicle Parts ($4.63B), Jewellery ($4.29B), and Crude Petroleum ($3.65B).
Imports
In 2018 Turkey imported $202B, making it the number 26 trade destination in the world. During the last five reported years the imports of Turkey changed by -$22.3B from $224B in 2013 to $202B in 2018.
The most recent imports of Turkey are led by Refined Petroleum ($12.4B), Gold ($11.3B), Scrap Iron ($6.47B), Vehicle Parts ($6.45B), and Cars ($6.11B).
Trade Balance
As of 2018 Turkey had a negative trade balance of $48.6B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $11.6B in net imports.
Destinations
The top export destinations of Turkey are Germany ($17.4B), the United Kingdom ($10.1B), Italy ($9.4B), the United Arab Emirates ($9.2B) and Iraq ($9.1B).
Origins
The most common import partners for Turkey are Germany ($22.1B), China ($19.2B), Russia ($15.9B), United States ($10.6B), and Italy ($10.4B).