Turkey (TUR) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Turkey-Russia Trade: In 2023, Turkey exported $10.8B to Russia. The main products that Turkey exported to Russia were Citrus ($426M), Motor vehicles; parts and accessories (8701 to 8705) ($401M), and Trailers and semi-trailers, not mechanically propelled vehicles ($275M). Over the past 5 years the exports of Turkey to Russia have increased at an annualized rate of 20.8%, from $4.19B in 2018 to $10.8B in 2023.

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 Trade: In 2023, Russia exported $31B to Turkey. The main products that Russia exported to Turkey were Refined Petroleum ($11.7B), Coal Briquettes ($3.42B), and Wheat ($2.66B). Over the past 5 years the exports of Russia to Turkey have increased at an annualized rate of 4.2%, from $17.4B in 2018 to $31B in 2023.

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 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $10.8B to Russia. The main products exported from Turkey to Russia were Citrus ($426M), Motor vehicles; parts and accessories (8701 to 8705) ($401M), and Trailers and semi-trailers, not mechanically propelled vehicles ($275M). During the last 5 years the exports of Turkey to Russia have increased at an annualized rate of 20.8%, from $4.19B in 2018 to $10.8B in 2023.

In 2018, Russia exported $31B to Turkey. The main products exported from Russia to Turkey were Refined Petroleum ($11.7B), Coal Briquettes ($3.42B), and Wheat ($2.66B). During the last 5 years the exports of Russia to Turkey have increased at an annualized rate of 4.2%, from $17.4B in 2023 to $31B in 2018.

Exports from Turkey () to Russia () (2023)

Exports from Russia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Russia ()

Turkey Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Russia
Top DestinationChina$129B

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 2023, countries that imported more from Turkey than Russia included Germany ($24.7B), United Kingdom ($15.1B), and Iraq ($12.8B).

In 2023, countries that imported more from Russia than Turkey included China ($129B), India ($66.1B), and Kazakhstan ($16.1B).

Difference in imports from Russia () and Turkey () (2023)

Comparative Advantage Turkey - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Russia in the exports of Machines ($3.16B), Vegetable Products ($1.16B), and Textiles ($1.11B).

During 2018, Russia had a large net trade with Turkey in the exports of Mineral Products ($15.7B), Metals ($6.76B), and Vegetable Products ($3.82B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Russia+$105MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Russia Turkey+$294MGold

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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Bilateral Service Trade

Rus 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.

Services Exports from Turkey () to Russia () (N/A)

Services Exports from Russia () to Turkey () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Russia () (2023)

Exports from Russia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Russia ()

Turkey Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Turkey () (2023)

Comparative Advantage Turkey - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Turkey () to Russia () (N/A)

Services Exports from Russia () to Turkey () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Russia () (2023)

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