Flag Russia / Turkey Flag

2020
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Exports
: $13.1B, Rnk 7 / 187

2020
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Top Product
: $2.49B, Refined Petroleum

2020
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Exports
: $4.5B, Rnk 10 / 215

2020
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Top Product
: $423M, Citrus

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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Economic Complexity (ECI)
: ECI 0.58, Rnk 38 / 127

2020
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GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 195

2020
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 GDP
: $720B, CURRENT US$
Rnk 19 / 195

2010-2020
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GDP GROWTH
: -7.34%, CURRENT US$
Rnk 170 / 195

2020
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GDP PC 
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

2020
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GDP PC
: $8,536, CURRENT US$
Rnk 79 / 195

2010-2020
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GDP PC GROWTH
: -20.5%, CURRENT US$
Rnk 171 / 195

Russia-Turkey In 2020, Russia exported $13.1B to Turkey. The main products that Russia exported to Turkey are Refined Petroleum ($2.49B), Wheat ($1.66B), and Coal Briquettes ($941M). During the last 25 years the exports of Russia to Turkey have increased at an annualized rate of 8.1%, from $1.86B in 1995 to $13.1B in 2020.

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 2020, Turkey exported $4.5B to Russia. The main products that Turkey exported to Russia were Citrus ($423M), Motor vehicles; parts and accessories (8701 to 8705) ($221M), and Pitted Fruits ($210M). During the last 25 years the exports of Turkey to Russia have increased at an annualized rate of 5.32%, from $1.23B in 1995 to $4.5B in 2020.

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 2020,  Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). That same year, Turkey ranked 38 in the Economic Complexity Index (ECI 0.58), and 29 in total exports ($177B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Russia exported $13.1B to Turkey. The main products exported from Russia to Turkey were Refined Petroleum ($2.49B), Wheat ($1.66B), and Coal Briquettes ($941M). During the last 25 years the exports of Russia to Turkey have increased at an annualized rate of 8.1%, from $1.86B in 1995 to $13.1B in 2020.

In 2020, Turkey exported $4.5B to Russia. The main products exported from Turkey to Russia were Citrus ($423M), Motor vehicles; parts and accessories (8701 to 8705) ($221M), and Pitted Fruits ($210M). During the last 25 years the exports of Turkey to Russia have increased at an annualized rate of 5.32%, from $1.23B in 1995 to $4.5B in 2020.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $49.3B

Turkey
Top Destination
: Germany, $16.3B

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 ($49.3B), Netherlands ($22.5B), and Belarus ($15.8B).

In 2019, countries that imported more from Turkey than Russia were Iraq ($9.14B), Spain ($6.9B), and Israel ($4.67B).

Comparative Advantage Russia - Turkey

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Flow

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

During 2020, Russia had a large net trade with Turkey in the exports of Mineral Products ($4.57B), Metals ($3.71B), and Vegetable Products ($2.27B).

During 2020, Turkey had a large net trade with Russia in the exports of Vegetable Products ($1.06B), Machines ($860M), and Textiles ($561M).

Bilateral Service Trade

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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.

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 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.