2022
Exports | Imports
$1.02B | $331MWorld Rnk 5 / 126
Flag Rnk 54 / 1213
World Rnk 17 / 210
Flag Rnk 175 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.59Rnk 39 / 124
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.32Rnk 651 / 1025

About

Exports In 2022, Turkey exported $1.02B in Hot-Rolled Iron Bars, making it the 5th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 54th most exported product in Turkey. The main destination of Hot-Rolled Iron Bars exports from Turkey are: Israel ($190M), Romania ($104M), Senegal ($57.2M), Singapore ($49.9M), and Canada ($40.7M).

The fastest growing export markets for Hot-Rolled Iron Bars of Turkey between 2021 and 2022 were Romania ($49.7M), Singapore ($47.8M), and Senegal ($27.5M).

Imports In 2022, Turkey imported $331M in Hot-Rolled Iron Bars, becoming the 17th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 175th most imported product in Turkey. Turkey imports Hot-Rolled Iron Bars primarily from: Russia ($83.9M), Germany ($75.2M), Spain ($63.3M), United Kingdom ($32.2M), and Switzerland ($17.4M).

The fastest growing import markets in Hot-Rolled Iron Bars for Turkey between 2021 and 2022 were Germany ($14.8M), Russia ($11.5M), and United Kingdom ($10.1M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Hot-Rolled Iron Bars from Turkey to the United States.

Latest Trends

Feb 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 Hot-Rolled Iron Bars. 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)$1.02B
IMPORTS (2022)$331M
NET TRADE (2022)$684M

In 2022, Turkey exported $1.02B in Hot-Rolled Iron Bars. The main destinations of Turkey exports on Hot-Rolled Iron Bars were Israel ($190M), Romania ($104M), Senegal ($57.2M), Singapore ($49.9M), and Canada ($40.7M).

In 2022, Turkey imported $331M in Hot-Rolled Iron Bars, mainly from Russia ($83.9M), Germany ($75.2M), Spain ($63.3M), United Kingdom ($32.2M), and Switzerland ($17.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Romania$49.7M (92%)
Singapore$47.8M (2.3k%)
Senegal$27.5M (92.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Turkey WERE (2021 - 2022):
Brazil-$73.6M (-80.7%)
Netherlands-$65.1M (-64.7%)
Belgium-$35.5M (-98.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Turkey's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

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