2021
Flag  
GDP
$1.84TCURRENT US$
Rnk 10 / 204
2011-2021
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GDP GROWTH
-10.2%CURRENT US$
Rnk 187 / 204
2021
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 GDP
$819BCURRENT US$
Rnk 19 / 204
2011-2021
Flag
GDP GROWTH
-2.35%CURRENT US$
Rnk 173 / 204
2021
Flag
GDP PC 
$12,593CURRENT US$
Rnk 76 / 204
2011-2021
Flag
GDP PC GROWTH
-12%CURRENT US$
Rnk 170 / 204
2021
Flag
GDP PC
$9,661CURRENT US$
Rnk 88 / 204
2011-2021
Flag
GDP PC GROWTH
-14.6%CURRENT US$
Rnk 172 / 204

About

Russia-Turkey In 2021, Russia exported $20.1B to Turkey. The main products that Russia exported to Turkey are Refined Petroleum ($3.75B), Crude Petroleum ($2.11B), and Wheat ($1.79B). During the last 26 years the exports of Russia to Turkey have increased at an annualized rate of 9.57%, from $1.86B in 1995 to $20.1B in 2021.

In 2020, Russia exported services to Turkey worth $953M, with Construction services ($449M), Transportation ($235M), and Other business services ($191M) being the largest in terms of value.

Turkey-Russia In 2021, Turkey exported $5.93B to Russia. The main products that Turkey exported to Russia were Citrus ($431M), Motor vehicles; parts and accessories (8701 to 8705) ($325M), and Pitted Fruits ($211M). During the last 26 years the exports of Turkey to Russia have increased at an annualized rate of 6.23%, from $1.23B in 1995 to $5.93B in 2021.

In 2009, Turkey exported services to Russia worth $1.23B, with Travel ($1.22B), Other business services ($9.3M), and Insurance services ($7.23M) being the largest in terms of value.

Comparison In 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, Turkey ranked 42 in the Economic Complexity Index (ECI 0.61), and 28 in total exports ($234B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $20.1B to Turkey. The main products exported from Russia to Turkey were Refined Petroleum ($3.75B), Crude Petroleum ($2.11B), and Wheat ($1.79B). During the last 26 years the exports of Russia to Turkey have increased at an annualized rate of 9.57%, from $1.86B in 1995 to $20.1B in 2021.

In 2021, Turkey exported $5.93B to Russia. The main products exported from Turkey to Russia were Citrus ($431M), Motor vehicles; parts and accessories (8701 to 8705) ($325M), and Pitted Fruits ($211M). During the last 26 years the exports of Turkey to Russia have increased at an annualized rate of 6.23%, from $1.23B in 1995 to $5.93B in 2021.

Exports from Russia (Flag) to Turkey (Flag) (2021)

Exports from Turkey (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$70.9B
Turkey
Top Destination
Germany$19.8B

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 2021, countries that imported more from Russia than Turkey were China ($70.9B), Netherlands ($39B), and Belarus ($20.5B).

In 2021, countries that imported more from Turkey than Russia were Iraq ($11.1B), Israel ($6.31B), and Spain ($9.78B).

Difference in imports from Turkey (Flag) and Russia (Flag) (2021)

Comparative Advantage Russia - Turkey

Flow
Scale

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

During 2021, Russia had a large net trade with Turkey in the exports of Mineral Products ($7.13B), Metals ($6.35B), and Vegetable Products ($2.68B).

During 2021, Turkey had a large net trade with Russia in the exports of Machines ($1.14B), Vegetable Products ($1.13B), and Transportation ($753M).

Service Trade

Bilateral Service Trade

Tur Year

In 2020, Russia exported services to Turkey worth $953M, with Construction services ($449M), Transportation ($235M), and Other business services ($191M) being the largest in terms of value.

In 2009, Turkey exported services to Russia worth $1.23B, with Travel ($1.22B), Other business services ($9.3M), and Insurance services ($7.23M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Turkey (Flag) (2020)

Services Exports from Turkey (Flag) to Russia (Flag) (2009)

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Turkey (Flag) (2021)

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