Flag Russia / Turkey Flag

Exports Flag β†’ Flag  (2018): $15.9B, Rnk 7 / 187

Top Product Flag β†’ Flag (2018): $5.45B, Refined Petroleum

Exports Flag β†’ Flag (2018): $3.52B, Rnk 13 / 205

Top Product Flag β†’ Flag (2018): $305M, Citrus

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI 0.57, Rnk 43 / 137

GDP Flag (2018): $1.66T, CURRENT US$
Rnk 11 / 196

GDP GROWTH Flag (2008-2018): -0.2%, CURRENT US$
Rnk 168 / 196

GDP Flag (2018): $771B, CURRENT US$
Rnk 19 / 196

GDP GROWTH Flag (2008-2018): 0.92%, CURRENT US$
Rnk 162 / 196

GDP PC Flag (2018): $11,289, CURRENT US$
Rnk 69 / 196

GDP PC GROWTH Flag (2008-2018): -2.98%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $9,370, CURRENT US$
Rnk 80 / 196

GDP PC GROWTH Flag (2008-2018): -13.7%, CURRENT US$
Rnk 172 / 196

Russia-Turkey: In 2018, Russia exported $15.9B to Turkey. The main products that Russia exported to Turkey are Refined Petroleum ($5.45B), Crude Petroleum ($1.05B), and Semi-Finished Iron ($1B). During the last 23 years the exports of Russia to Turkey have increased at an annualized rate of 9.68%, from $1.9B in 1995 to $15.9B in 2018.

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 2018, Turkey exported $3.52B to Russia . The main products that Turkey exported to Russia were Citrus ($305M), Vehicle Parts ($183M), and Pitted Fruits ($124M). During the last 23 years the exports of Russia to Turkey have increased at an annualized rate of 9.68%, from $1.9B in 1995 to $15.9B in 2018.

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 2018,  Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B).

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $15.9B to Turkey. The main products exported from Russia to Turkey were Refined Petroleum ($5.45B), Crude Petroleum ($1.05B), and Semi-Finished Iron ($1B). During the last 23 years the exports of Russia to Turkey have increased at an annualized rate of 9.68%, from $1.9B in 1995 to $15.9B in 2018.

In 2018, Turkey exported $3.52B to Russia. The main products exported from Turkey to Russia were Citrus ($305M), Vehicle Parts ($183M), and Pitted Fruits ($124M). During the last 23 years the exports of Turkey to Russia have increased at an annualized rate of 4.67%, from $1.23B in 1995 to $3.52B in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Turkey
Top Destination
: Germany, $16.6B

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 2018, countries that imported more from Russia than Turkey were China ($55.2B), Netherlands ($41B), and Belarus ($21.6B).

In 2018, countries that imported more from Turkey than Russia were Iraq ($8.35B), Spain ($7.9B), and United Kingdom ($11.9B).

Comparative Advantage Russia - Turkey

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Depth

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

During 2018, Russia had a large net trade with Turkey in the exports of Mineral Products ($8.12B), Metals ($4.53B), and Vegetable Products ($1.35B).

During 2018, Turkey had a large net trade with Russia in the exports of Vegetable Products ($751M), Machines ($573M), and Textiles ($465M).

Tariff Section

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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 2018, the products from Russia that paid the highest import tariffs to enter Turkey were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2018, the products from Turkey that paid the highest import tariffs to enter Russia were Bovine cuts boneless, fresh or chilled (225%) and Bovine cuts boneless, frozen (225%).

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

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Bilateral Service Trade

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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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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.