Flag Turkey / Iran Flag

2020
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Exports
: $2.14B, Rnk 21 / 215

2020
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Top Product
: $119M, Excavation Machinery

2020
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Exports
: $1.16B, Rnk 2 / 121

2020
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Top Product
: $168M, Ethylene Polymers

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

2020
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Economic Complexity (ECI)
: ECI -0.095, Rnk 65 / 127

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
: $203B, CURRENT US$
Rnk 49 / 195

2010-2020
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GDP GROWTH
: -58.2%, CURRENT US$
Rnk 193 / 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

2020
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GDP PC
: $2,422, CURRENT US$
Rnk 142 / 195

2010-2020
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GDP PC GROWTH
: -63.3%, CURRENT US$
Rnk 193 / 195

Turkey-Iran In 2020, Turkey exported $2.14B to Iran. The main products that Turkey exported to Iran are Excavation Machinery ($119M), Processed Tobacco ($112M), and Cellulose Fibers Paper ($52.2M). During the last 25 years the exports of Turkey to Iran have increased at an annualized rate of 8.71%, from $266M in 1995 to $2.14B in 2020.

In 2011, Turkey exported services to Iran worth $929k, with Insurance services ($929k) being the largest in terms of value.

Iran-Turkey In 2020, Iran exported $1.16B to Turkey . The main products that Iran exported to Turkey were Ethylene Polymers ($168M), Raw Zinc ($134M), and Nitrogenous Fertilizers ($103M). During the last 25 years the exports of Iran to Turkey have increased at an annualized rate of 2.53%, from $619M in 1995 to $1.16B in 2020.

In 2020, Iran did not export any services to Turkey.

Comparison In 2020,  Turkey ranked 38 in the Economic Complexity Index (ECI 0.58), and 29 in total exports ($177B). That same year, Iran ranked 65 in the Economic Complexity Index (ECI -0.095), and 86 in total exports ($10.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Turkey exported $2.14B to Iran. The main products exported from Turkey to Iran were Excavation Machinery ($119M), Processed Tobacco ($112M), and Cellulose Fibers Paper ($52.2M). During the last 25 years the exports of Turkey to Iran have increased at an annualized rate of 8.71%, from $266M in 1995 to $2.14B in 2020.

In 2020, Iran exported $1.16B to Turkey. The main products exported from Iran to Turkey were Ethylene Polymers ($168M), Raw Zinc ($134M), and Nitrogenous Fertilizers ($103M). During the last 25 years the exports of Iran to Turkey have increased at an annualized rate of 2.53%, from $619M in 1995 to $1.16B in 2020.

Turkey Exports

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Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.3B

Iran
Top Destination
: China, $5.85B

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

In 2019, countries that imported more from Turkey than Iran were Germany ($16.3B), United Kingdom ($12.7B), and United States ($10.3B).

In 2019, countries that imported more from Iran than Turkey were China ($5.85B) and Armenia ($295M).

Comparative Advantage Turkey - Iran

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Flow

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

During 2020, Turkey had a large net trade with Iran in the exports of Machines ($564M), Chemical Products ($339M), and Foodstuffs ($202M).

During 2020, Iran had a large net trade with Turkey in the exports of Metals ($452M), Plastics and Rubbers ($238M), and Chemical Products ($168M).

Bilateral Service Trade

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Tur Year

In 2011, Turkey exported services to Iran worth $929k, with Insurance services ($929k) 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 Turkey has comparative advantage over Iran. Similarly, the more yellow a dot/product is, the more Iran has comparative advantage over Turkey.