United Kingdom (GBR) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Turkey (TUR) Trade

2022

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Exports $7.4BRnk 15 / 224

2022

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About

United Kingdom-Turkey Trade: In 2022, United Kingdom exported $7.4B to Turkey. The main products that United Kingdom exported to Turkey were Combustion Engines ($1.02B), Scrap Iron ($845M), and Gold ($669M). Over the past 5 years the exports of United Kingdom to Turkey have decreased at an annualized rate of 2.66%, from $8.46B in 2017 to $7.4B in 2022.

In 2019, United Kingdom exported services to Turkey worth $1.88B, with Travel ($473M), Transportation ($465M), and Other business services ($385M) being the largest in terms of value.

Turkey-United Kingdom Trade: In 2022, Turkey exported $13.7B to United Kingdom. The main products that Turkey exported to United Kingdom were Delivery Trucks ($1.66B), Cars ($1.06B), and Insulated Wire ($751M). Over the past 5 years the exports of Turkey to United Kingdom have increased at an annualized rate of 5.75%, from $10.4B in 2017 to $13.7B in 2022.

In 2009, Turkey exported services to United Kingdom worth $1.54B, with Travel ($1.47B), Insurance services ($51.6M), and Other business services ($17.6M) being the largest in terms of value.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

September, 2024

About

Overview In September 2024, United Kingdom exported £407M and imported £1.03B from Turkey, resulting in a negative trade balance of £620M. Between September 2023 and September 2024 the exports of United Kingdom have decreased by £-157M (-27.8%) from £565M to £407M, while imports increased by £165M (19.1%) from £863M to £1.03B.

Trade In September 2024, the top exports of United Kingdom to Turkey were Gas Turbines (£88.5M), Combustion Engines (£74.6M), Gold (£55.3M), Silver (£49.3M), and Cars (£28.5M). In September 2024 the top imports of United Kingdom from Turkey were Delivery Trucks (£159M), Cars (£109M), Insulated Wire (£60.4M), Gas Turbines (£49.7M), and Video Displays (£38.3M).

Origins In September 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£87.3M), London Heathrow Airport (£64.4M), London (£58.7M), Felixstowe (£42.7M), and Avonmouth (£30.2M), while imports destinations were mainly Felixstowe (£305M), London (£132M), and London Heathrow Airport (£82.2M).

Growth In September 2024, the decrease in United Kingdom's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Hot-Rolled Iron (£-35.6M or -69.1%), Gold (£-24.3M or -30.5%), and Scrap Iron (£-14.1M or -39.8%). In September 2024, the increase in United Kingdom's year-by-year imports from Turkey was explained primarily by an increase in product imports in Gas Turbines (£38.1M or 327%), Cars (£33.1M or 43.3%), and Tissue (£9.25M or 170%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (September 2023 - September 2024)£-157M(-27.8%)

IMPORT GROWTH (September 2023 - September 2024)£165M(19.1%)

MAIN EXPORTER (September 2024)Dover Eurotunnel£87.3M

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

To check Turkey and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $7.4B to Turkey. The main products exported from United Kingdom to Turkey were Combustion Engines ($1.02B), Scrap Iron ($845M), and Gold ($669M). During the last 5 years the exports of United Kingdom to Turkey have decreased at an annualized rate of 2.66%, from $8.46B in 2017 to $7.4B in 2022.

In 2017, Turkey exported $13.7B to United Kingdom. The main products exported from Turkey to United Kingdom were Delivery Trucks ($1.66B), Cars ($1.06B), and Insulated Wire ($751M). During the last 5 years the exports of Turkey to United Kingdom have increased at an annualized rate of 5.75%, from $10.4B in 2022 to $13.7B in 2017.

Exports from United Kingdom () to Turkey () (2022)

Exports from Turkey () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from United Kingdom than Turkey included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

In 2022, countries that imported more from Turkey than United Kingdom included Iraq ($13.7B), Russia ($9.24B), and Romania ($7.88B).

Difference in imports from Turkey () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Turkey in the exports of Machines ($2.47B), Metals ($1.37B), and Precious Metals ($1.18B).

During 2017, Turkey had a large net trade with United Kingdom in the exports of Transportation ($3.26B), Textiles ($2.7B), and Machines ($2.6B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Turkey+$313MGold

Top Product Potential Turkey United Kingdom+$334MCars

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 United Kingdom and Turkey. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom () and Turkey () (2022)

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