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2023
Flag → Flag
Exports $2.88BRnk 3 / 193
2023
Flag → Flag
Top Product $936MSeed Oils
2023
Flag → Flag
Exports $4.04BRnk 15 / 216
2023
Flag → Flag
Top Product $591MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC $5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Ukraine-Turkey Trade: In 2023, Ukraine exported $2.88B to Turkey. The main products that Ukraine exported to Turkey were Seed Oils ($936M), Wheat ($530M), and Soybeans ($375M). Over the past 5 years the exports of Ukraine to Turkey have increased at an annualized rate of 2.9%, from $2.5B in 2018 to $2.88B in 2023.

In 2020, Ukraine exported services to Turkey worth $137M, with Transportation ($111M), Other business services ($9.66M), and Travel ($7.6M) being the largest in terms of value.

Turkey-Ukraine Trade: In 2023, Turkey exported $4.04B to Ukraine. The main products that Turkey exported to Ukraine were Refined Petroleum ($591M), Planes, Helicopters, and/or Spacecraft ($198M), and Electric Generating Sets ($161M). Over the past 5 years the exports of Turkey to Ukraine have increased at an annualized rate of 17.8%,  from $1.78B in 2018 to $4.04B in 2023.

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

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ukraine exported $2.88B to Turkey. The main products exported from Ukraine to Turkey were Seed Oils ($936M), Wheat ($530M), and Soybeans ($375M). During the last 5 years the exports of Ukraine to Turkey have increased at an annualized rate of 2.9%, from $2.5B in 2018 to $2.88B in 2023.

In 2018, Turkey exported $4.04B to Ukraine. The main products exported from Turkey to Ukraine were Refined Petroleum ($591M), Planes, Helicopters, and/or Spacecraft ($198M), and Electric Generating Sets ($161M). During the last 5 years the exports of Turkey to Ukraine have increased at an annualized rate of 17.8%, from $1.78B in 2023 to $4.04B in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and Turkey (Flag)

Ukraine Exports

Turkey Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$4.83B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Ukraine than Turkey included Moldova ($1.13B), Lithuania ($619M), and Slovakia ($1.09B).

In 2023, countries that imported more from Turkey than Ukraine included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Ukraine - Turkey

Flow
Scale

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

During 2023, Ukraine had a large net trade with Turkey in the exports of Vegetable Products ($1.33B), Animal and Vegetable Bi-Products ($936M), and Metals ($149M).

During 2018, Turkey had a large net trade with Ukraine in the exports of Mineral Products ($664M), Metals ($547M), and Machines ($490M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Turkey+$41.5MHot-Rolled Iron
Top Product Potential Turkey Ukraine+$35.2MCars

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

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

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