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2023
Flag → Flag
Exports $3.28BRnk 20 / 216
2023
Flag → Flag
Top Product $1.23BCrude Petroleum
2023
Flag → Flag
Exports $8.02BRnk 12 / 220
2023
Flag → Flag
Top Product $923MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Turkey-India Trade: In 2023, Turkey exported $3.28B to India. The main products that Turkey exported to India were Crude Petroleum ($1.23B), Marble, Travertine and Alabaster ($182M), and Gold ($173M). Over the past 5 years the exports of Turkey to India have increased at an annualized rate of 7.91%, from $2.24B in 2018 to $3.28B in 2023.

In 2009, Turkey exported services to India worth $3.1M, with Insurance services ($3.1M) being the largest in terms of value.

India-Turkey Trade: In 2023, India exported $8.02B to Turkey. The main products that India exported to Turkey were Refined Petroleum ($923M), Motor vehicles; parts and accessories (8701 to 8705) ($445M), and Broadcasting Equipment ($359M). Over the past 5 years the exports of India to Turkey have increased at an annualized rate of 1.18%,  from $7.57B in 2018 to $8.02B in 2023.

In 2023, India did not export any services to Turkey.

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $3.28B to India. The main products exported from Turkey to India were Crude Petroleum ($1.23B), Marble, Travertine and Alabaster ($182M), and Gold ($173M). During the last 5 years the exports of Turkey to India have increased at an annualized rate of 7.91%, from $2.24B in 2018 to $3.28B in 2023.

In 2018, India exported $8.02B to Turkey. The main products exported from India to Turkey were Refined Petroleum ($923M), Motor vehicles; parts and accessories (8701 to 8705) ($445M), and Broadcasting Equipment ($359M). During the last 5 years the exports of India to Turkey have increased at an annualized rate of 1.18%, from $7.57B in 2023 to $8.02B in 2018.

Exports from Turkey (Flag) to India (Flag) (2023)

Exports from India (Flag) to Turkey (Flag) (2023)

Latest Data

Trade between Turkey (Flag) and India (Flag)

Turkey Exports

India Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Turkey than India included Germany ($24.7B), Iraq ($12.8B), and Russia ($10.8B).

In 2023, countries that imported more from India than Turkey included United States ($85.5B), China ($18.1B), and United Arab Emirates ($28.8B).

Difference in imports from India (Flag) and Turkey (Flag) (2023)

Comparative Advantage Turkey - India

Flow
Scale

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

During 2023, Turkey had a large net trade with India in the exports of Mineral Products ($1.52B), Machines ($319M), and Chemical Products ($269M).

During 2018, India had a large net trade with Turkey in the exports of Machines ($1.81B), Chemical Products ($1.15B), and Metals ($1.1B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey India+$432MCrude Petroleum
Top Product Potential India Turkey+N/AN/A

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Turkey and India. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Turkey.

Product Space of Turkey (Flag) and India (Flag) (2023)

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