Flag Turkey / Russia Flag

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

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

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

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

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

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

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

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

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

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

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

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

Turkey-Russia: 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. 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.

Russia-Turkey: 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, 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.

Comparison: In 2018, Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B). That same year, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). In terms of GDP Per Capita, Turkey was ranked 80 with a GDP Per Capita of $9,370, and Russia was ranked 69 with a GDP Per Capita of $11,289.

Bilateral Trade by Products

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Depth
Value

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.

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.

Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.6B

Russia
Top Destination
: China, $55.2B

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

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

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

Comparative Advantage Turkey - Russia

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Depth

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

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

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).

Tariff Section

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

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%).

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%).

Explore Tariff Data

*The tariffs present between Turkey and Russia are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

Trade Forecasts

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This section shows a forecast for total trade between Turkey and Russia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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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.

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.

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 Turkey has comparative advantage over Russia. Similarly, the more red a dot/product is, the more Russia has comparative advantage over Turkey.