Flag Turkey / Russia Flag

2020
FlagFlag
Exports
: $4.5B, Rnk 10 / 215

2020
FlagFlag
Top Product
: $423M, Citrus

2020
FlagFlag
Exports
: $13.1B, Rnk 7 / 187

2020
FlagFlag
Top Product
: $2.49B, Refined Petroleum

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

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

2020
Flag  
GDP
: $720B, CURRENT US$
Rnk 19 / 204

2010-2020
Flag
GDP GROWTH
: -7.34%, CURRENT US$
Rnk 176 / 204

2020
Flag
 GDP
: $1.49T, CURRENT US$
Rnk 11 / 204

2010-2020
Flag
GDP GROWTH
: -2.4%, CURRENT US$
Rnk 168 / 204

2020
Flag
GDP PC 
: $8,536, CURRENT US$
Rnk 87 / 204

2010-2020
Flag
GDP PC GROWTH
: -20.5%, CURRENT US$
Rnk 179 / 204

2020
Flag
GDP PC
: $10,162, CURRENT US$
Rnk 78 / 204

2010-2020
Flag
GDP PC GROWTH
: -4.81%, CURRENT US$
Rnk 157 / 204

Turkey-Russia In 2020, Turkey exported $4.5B to Russia. The main products that Turkey exported to Russia are 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.

Russia-Turkey In 2020, Russia exported $13.1B to Turkey. The main products that Russia exported 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, 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.

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

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

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.

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.

Turkey Exports

#permalink to section

Russia Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Turkey
Top Destination
: Germany, $16.3B

Russia
Top Destination
: China, $49.3B

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

In 2019, countries that imported more from Russia than Turkey were China ($49.3B), Netherlands ($22.5B), and Belarus ($15.8B).

Comparative Advantage Turkey - Russia

#permalink to section
Flow

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

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

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).

Bilateral Service Trade

#permalink to section
Tur Year

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.

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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