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2023
Flag → Flag
Exports $421MRnk 80 / 216
2023
Flag → Flag
Top Product $96.6MRaw Cotton
2023
Flag → Flag
Exports $2.72BRnk 27 / 142
2023
Flag → Flag
Top Product $490MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Turkey-Vietnam Trade: In 2023, Turkey exported $421M to Vietnam. The main products that Turkey exported to Vietnam were Raw Cotton ($96.6M), Non-fillet Frozen Fish ($40.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($18.6M). Over the past 5 years the exports of Turkey to Vietnam have increased at an annualized rate of 3.19%, from $360M in 2018 to $421M in 2023.

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

Vietnam-Turkey Trade: In 2023, Vietnam exported $2.72B to Turkey. The main products that Vietnam exported to Turkey were Broadcasting Equipment ($490M), Textile Footwear ($210M), and Semiconductor Devices ($120M). Over the past 5 years the exports of Vietnam to Turkey have increased at an annualized rate of 7%,  from $1.94B in 2018 to $2.72B in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $421M to Vietnam. The main products exported from Turkey to Vietnam were Raw Cotton ($96.6M), Non-fillet Frozen Fish ($40.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($18.6M). During the last 5 years the exports of Turkey to Vietnam have increased at an annualized rate of 3.19%, from $360M in 2018 to $421M in 2023.

In 2018, Vietnam exported $2.72B to Turkey. The main products exported from Vietnam to Turkey were Broadcasting Equipment ($490M), Textile Footwear ($210M), and Semiconductor Devices ($120M). During the last 5 years the exports of Vietnam to Turkey have increased at an annualized rate of 7%, from $1.94B in 2023 to $2.72B in 2018.

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

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

Latest Data

Trade between Turkey (Flag) and Vietnam (Flag)

Turkey Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Vietnam
Top DestinationUnited States$118B

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

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

In 2023, countries that imported more from Vietnam than Turkey included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Turkey - Vietnam

Flow
Scale

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

During 2023, Turkey had a large net trade with Vietnam in the exports of Textiles ($152M), Animal Products ($64.5M), and Chemical Products ($51.2M).

During 2018, Vietnam had a large net trade with Turkey in the exports of Machines ($1.27B), Footwear and Headwear ($411M), and Textiles ($235M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Vietnam+$23MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Vietnam Turkey+$241MTelephones

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 Vietnam. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Turkey.

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

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