2022
Flag  
GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Turkey-South Korea Trade: In 2022, Turkey exported $1.07B to South Korea. The main products that Turkey exported to South Korea were Vaccines, blood, antisera, toxins and cultures ($429M), Engine Parts ($42.6M), and Fish Fillets ($31M). Over the past 5 years the exports of Turkey to South Korea have increased at an annualized rate of 10.1%, from $663M in 2017 to $1.07B in 2022.

In 2014, Turkey exported services to South Korea worth $2.79M, with Insurance services ($2.79M) being the largest in terms of value.

South Korea-Turkey Trade: In 2022, South Korea exported $8.42B to Turkey. The main products that South Korea exported to Turkey were Polycarboxylic Acids ($690M), Vaccines, blood, antisera, toxins and cultures ($498M), and Motor vehicles; parts and accessories (8701 to 8705) ($349M). Over the past 5 years the exports of South Korea to Turkey have increased at an annualized rate of 4.47%,  from $6.48B in 2017 to $8.42B in 2022.

In 2005, South Korea exported services to Turkey worth $186M, with Transportation ($161M), Other business services ($18.9M), and Travel ($10.6M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $1.07B to South Korea. The main products exported from Turkey to South Korea were Vaccines, blood, antisera, toxins and cultures ($429M), Engine Parts ($42.6M), and Fish Fillets ($31M). During the last 5 years the exports of Turkey to South Korea have increased at an annualized rate of 10.1%, from $663M in 2017 to $1.07B in 2022.

In 2017, South Korea exported $8.42B to Turkey. The main products exported from South Korea to Turkey were Polycarboxylic Acids ($690M), Vaccines, blood, antisera, toxins and cultures ($498M), and Motor vehicles; parts and accessories (8701 to 8705) ($349M). During the last 5 years the exports of South Korea to Turkey have increased at an annualized rate of 4.47%, from $6.48B in 2022 to $8.42B in 2017.

Exports from Turkey (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Turkey (Flag) (2022)

Latest Data

Trade between Turkey (Flag) and South Korea (Flag)

Turkey Exports

South Korea Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$21.9B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Turkey than South Korea included Iraq ($13.7B), Germany ($21.9B), and Romania ($7.88B).

In 2022, countries that imported more from South Korea than Turkey included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - South Korea

Flow
Scale

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

During 2022, Turkey had a large net trade with South Korea in the exports of Chemical Products ($476M), Machines ($128M), and Metals ($89.8M).

During 2017, South Korea had a large net trade with Turkey in the exports of Metals ($1.75B), Chemical Products ($1.73B), and Plastics and Rubbers ($1.69B).

Economic Complexity

Competitive Landscape

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

Product Space of Turkey (Flag) and South Korea (Flag) (2022)

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