2022
Exports
$76.6MWorld Rnk 16 / 159
Flag Rnk 421 / 1213
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$130MWorld Rnk 13 / 209
Flag Rnk 325 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $76.6M in Electric Furnaces, making it the 16th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 421st most exported product in Turkey. The main destination of Electric Furnaces exports from Turkey are: Germany ($8.57M), Russia ($6.63M), Uzbekistan ($4.5M), Algeria ($3.78M), and United States ($3.73M).

The fastest growing export markets for Electric Furnaces of Turkey between 2021 and 2022 were Uzbekistan ($3.51M), United States ($2.57M), and Kazakhstan ($2.2M).

Imports In 2022, Turkey imported $130M in Electric Furnaces, becoming the 13th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 325th most imported product in Turkey. Turkey imports Electric Furnaces primarily from: China ($36.2M), Germany ($29M), Italy ($19.1M), Chinese Taipei ($5.96M), and United States ($5.08M).

The fastest growing import markets in Electric Furnaces for Turkey between 2021 and 2022 were China ($15.3M), Germany ($11.3M), and Italy ($8.86M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (22) were at the forefront of shipping Electric Furnaces from Turkey to the United States.

Latest Trends

Oct 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 Electric Furnaces. 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)$76.6M
IMPORTS (2022)$130M
NET TRADE (2022)-$53.3M

In 2022, Turkey exported $76.6M in Electric Furnaces. The main destinations of Turkey exports on Electric Furnaces were Germany ($8.57M), Russia ($6.63M), Uzbekistan ($4.5M), Algeria ($3.78M), and United States ($3.73M).

In 2022, Turkey imported $130M in Electric Furnaces, mainly from China ($36.2M), Germany ($29M), Italy ($19.1M), Chinese Taipei ($5.96M), and United States ($5.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Uzbekistan$3.51M (353%)
United States$2.57M (223%)
Kazakhstan$2.2M (326%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Turkey WERE (2021 - 2022):
Iraq-$3.89M (-54.1%)
Morocco-$1.38M (-63.9%)
Ukraine-$995k (-55.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Turkey's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.34M
TOP IMPORT POTENTIALChina+ $6.4M

Electric Furnaces’s highest export potential is United States. With an export gap of $3.34M.   Electric Furnaces’s highest import potential is China with an import gap of $6.4M.

See methodology.

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