Russia (RUS) and Turkey (TUR) Trade | OEC - The Observatory of Economic Complexity

About

Russia-Turkey In 2019, Russia exported $16.4B to Turkey. The main products that Russia exported to Turkey are Refined Petroleum ($3.91B), Crude Petroleum ($3.68B), and Wheat ($1.39B). During the last 24 years the exports of Russia to Turkey have increased at an annualized rate of 9.46%, from $1.87B in 1995 to $16.4B in 2019.

In 2018, Russia exported services to Turkey worth $1.42B, with Construction services ($669M), Transportation ($485M), and Other business services ($147M) being the largest in terms of value.

Turkey-Russia In 2019, Turkey exported $4.28B to Russia . The main products that Turkey exported to Russia were Citrus ($316M), Vehicle Parts ($211M), and Pitted Fruits ($144M). During the last 24 years the exports of Turkey to Russia have increased at an annualized rate of 5.32%, from $1.23B in 1995 to $4.28B in 2019.

In 2011, Turkey exported services to Russia worth $2.01B, with Travel ($1.98B), Insurance services ($16.7M), and Other business services ($12.1M) being the largest in terms of value.

Comparison In 2019, Russia ranked 45 in the Economic Complexity Index (ECI 0.58), and 13 in total exports ($407B). That same year, Turkey ranked 40 in the Economic Complexity Index (ECI 0.65), and 29 in total exports ($187B).

Latest Trends

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August, 2021

About

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Overview In August 2021 Russia exported $2.31B and imported $576M from Turkey, resulting in a positive trade balance of $1.74B. Between August 2020 and August 2021 the exports of Russia have increased by $1.1B (91.4%) from $1.21B to $2.31B, while imports increased by $183M (46.7%) from $392M to $576M.

Trade In August 2021, the top exports of Russia to Turkey were Commodities not elsewhere specified ($575M), Wheat ($349M), Refined Petroleum ($232M), Crude Petroleum ($188M), and Hot-Rolled Iron ($162M). In August 2021 the top imports of Russia from Turkey were Fishing Ships ($106M), Vehicle Parts ($28.4M), Pitted Fruits ($26.2M), Grapes ($24.3M), and Knit Sweaters ($14.1M).

Origins In August 2021 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($893M), ROSTOV REGION ($321M), LIPETSK REGION ($158M), CHELYABINSK REGION ($95.3M), and KRASNODAR TERRITORY ($88.8M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($194M), KHABAROVSK TERRITORY ($107M), MOSCOW REGION ($53.9M), ST. PETERSBURG ($40.1M), and KRASNODAR TERRITORY ($35.1M).

Growth In August 2021, the increase in Russia's year-by-year exports to Turkey was explained primarily by an increase in product exports in Commodities not elsewhere specified ($296M or 106%), Wheat ($188M or 117%), and Hot-Rolled Iron ($150M or 1.25k%). In August 2021, the increase in Russia's year-by-year imports from Turkey was explained primarily by an increase in product imports in Non-fillet Frozen Fish ($7.05M or 120%), Grapes ($6.58M or 37.1%), and Leather Footwear ($5.59M or 133%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (August 2020 - August 2021): $1.1B, (91.4%)

IMPORT GROWTH (August 2020 - August 2021): $183M, (46.7%)

MAIN EXPORTER (August 2021): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $893M

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2019, Russia exported $16.4B to Turkey. The main products exported from Russia to Turkey were Refined Petroleum ($3.91B), Crude Petroleum ($3.68B), and Wheat ($1.39B). During the last 24 years the exports of Russia to Turkey have increased at an annualized rate of 9.46%, from $1.87B in 1995 to $16.4B in 2019.

In 2019, Turkey exported $4.28B to Russia. The main products exported from Turkey to Russia were Citrus ($316M), Vehicle Parts ($211M), and Pitted Fruits ($144M). During the last 24 years the exports of Turkey to Russia have increased at an annualized rate of 5.32%, from $1.23B in 1995 to $4.28B in 2019.

Latest Data

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Russia Exports

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Date

Turkey Exports

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Date

Market Competitiveness

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Measure

SectionYear

Russia
Top Destination: China, $58.1B

Turkey
Top Destination: Germany, $16.8B

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

In 2019, countries that imported more from Russia than Turkey were China ($58.1B), Netherlands ($41.7B), and Belarus ($20.5B).

In 2019, countries that imported more from Turkey than Russia were Iraq ($10.2B), Spain ($8.23B), and France ($8.32B).

Comparative Advantage Russia - Turkey

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Depth

Year

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

During 2019, Russia had a large net trade with Turkey in the exports of Mineral Products ($8.71B), Metals ($3.33B), and Vegetable Products ($1.81B).

During 2019, Turkey had a large net trade with Russia in the exports of Vegetable Products ($838M), Machines ($721M), and Textiles ($598M).

TEST

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Flow

Year

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Russia and Turkey (using the HS6 product classification and the last year reported).

In 2019, the products from Russia that paid the highest import tariffs to enter Turkey were Ethyl alcohol and other spirits, denatured (69k%) and Undenatured ethyl alcohol > 80% by volume (37.4k%).

In 2019, the products from Turkey that paid the highest import tariffs to enter Russia were Vermouth and other flavoured grape wines - pack > 2l (8.72k%) and Bovine cuts boneless, fresh or chilled (225%).

*The tariffs present between Russia and Turkey are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
350: Russian Generalized System of Preference
350: Russian Generalized System of Preference

Service Trade

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Bilateral Service Trade

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Tur YearRus Year

In 2018, Russia exported services to Turkey worth $1.42B, with Construction services ($669M), Transportation ($485M), and Other business services ($147M) being the largest in terms of value.

In 2011, Turkey exported services to Russia worth $2.01B, with Travel ($1.98B), Insurance services ($16.7M), and Other business services ($12.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Turkey. Similarly, the more red a dot/product is, the more Turkey has comparative advantage over Russia.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Latest Data

Russia Exports

Turkey Exports

Market Competitiveness

Comparative Advantage Russia - Turkey

TEST

Tariff Section

Tariffs

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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