2023
Exports
$751MWorld Rnk 1 / 94
Flag Rnk 86 / 1215
2023
PRODUCT COMPLEXITY IN Borates
-0.21Rnk 617 / 1025
2023
Imports
$1.31MWorld Rnk 56 / 178
Flag Rnk 1057 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $751M in Borates, making it the 1st largest exporter of Borates in the world. At the same year, Borates was the 86th most exported product in Turkey. The main destination of Borates exports from Turkey are: China ($279M), United States ($94.4M), India ($58.7M), Netherlands ($44.9M), and Guatemala ($33.1M).

The fastest growing export markets for Borates of Turkey between 2022 and 2023 were Netherlands ($39.1M), Guatemala ($22.3M), and United States ($14.5M).

Imports In 2023, Turkey imported $1.31M in Borates, becoming the 56th largest importer of Borates in the world. At the same year, Borates was the 1057th most imported product in Turkey. Turkey imports Borates primarily from: Australia ($340k), Germany ($209k), Russia ($200k), Brazil ($147k), and China ($104k).

The fastest growing import markets in Borates for Turkey between 2022 and 2023 were Russia ($200k), Australia ($145k), and China ($74.8k).

Latest Trends

Dec 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 (2023)$751M
IMPORTS (2023)$1.31M
NET TRADE (2023)$750M

In 2023, Turkey exported $751M in Borates. The main destinations of Turkey exports on Borates were China ($279M), United States ($94.4M), India ($58.7M), Netherlands ($44.9M), and Guatemala ($33.1M).

In 2023, Turkey imported $1.31M in Borates, mainly from Australia ($340k), Germany ($209k), Russia ($200k), Brazil ($147k), and China ($104k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Netherlands$39.1M (675%)
Guatemala$22.3M (206%)
United States$14.5M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Turkey WERE (2022 - 2023):
China-$42.2M (-13.1%)
Brazil-$17.1M (-82.9%)
South Korea-$9.81M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Borates were:
In 2023, 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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