2022
Exports
$669MWorld Rnk 1 / 96
Flag Rnk 99 / 1213
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2022
Imports
$1.31MWorld Rnk 58 / 184
Flag Rnk 1059 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $669M in Borates, making it the 1st largest exporter of Borates in the world. At the same year, Borates was the 99th most exported product in Turkey. The main destination of Borates exports from Turkey are: China ($282M), United States ($79.5M), India ($43.3M), Germany ($29.6M), and Indonesia ($21.6M).

The fastest growing export markets for Borates of Turkey between 2021 and 2022 were China ($81.3M), Poland ($14.8M), and India ($12.1M).

Imports In 2022, Turkey imported $1.31M in Borates, becoming the 58th largest importer of Borates in the world. At the same year, Borates was the 1059th most imported product in Turkey. Turkey imports Borates primarily from: Germany ($248k), Peru ($213k), Slovenia ($151k), Australia ($140k), and Brazil ($131k).

The fastest growing import markets in Borates for Turkey between 2021 and 2022 were Netherlands ($64.8k), Australia ($54.7k), and Italy ($30.5k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Borates. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$669M
IMPORTS (2022)$1.31M
NET TRADE (2022)$667M

In 2022, Turkey exported $669M in Borates. The main destinations of Turkey exports on Borates were China ($282M), United States ($79.5M), India ($43.3M), Germany ($29.6M), and Indonesia ($21.6M).

In 2022, Turkey imported $1.31M in Borates, mainly from Germany ($248k), Peru ($213k), Slovenia ($151k), Australia ($140k), and Brazil ($131k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
China$81.3M (40.6%)
Poland$14.8M (277%)
India$12.1M (38.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Turkey WERE (2021 - 2022):
United States-$27.6M (-25.8%)
Germany-$11.8M (-28.4%)
Russia-$10.4M (-84.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Borates were:
In 2022, Turkey's main importing competitors in Borates were:

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.03M
TOP IMPORT POTENTIALItaly+ $47.3k

Borates’s highest export potential is Russia. With an export gap of $1.03M.   Borates’s highest import potential is Italy with an import gap of $47.3k.

See methodology.

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