2023
Exports
$3.91BWorld Rnk 9 / 223
Flag Rnk 8 / 1215
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$1.63BWorld Rnk 26 / 225
Flag Rnk 37 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $3.91B in Insulated Wire, making it the 9th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 8th most exported product in Turkey. The main destination of Insulated Wire exports from Turkey are: United Kingdom ($746M), Germany ($366M), Iraq ($215M), Austria ($167M), and Israel ($166M).

The fastest growing export markets for Insulated Wire of Turkey between 2022 and 2023 were Austria ($96.7M), Netherlands ($25.6M), and Iraq ($25.4M).

Imports In 2023, Turkey imported $1.63B in Insulated Wire, becoming the 26th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 37th most imported product in Turkey. Turkey imports Insulated Wire primarily from: China ($299M), Bulgaria ($161M), Egypt ($140M), Germany ($118M), and Morocco ($104M).

The fastest growing import markets in Insulated Wire for Turkey between 2022 and 2023 were China ($63.8M), Egypt ($60.1M), and Morocco ($44M).

COMPANIES In 2023, leading companies such as H&M Clothing (1) and Helly Hansen (1) were at the forefront of shipping Insulated Wire from Turkey to the United States.

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 Insulated Wire. 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)$3.91B
IMPORTS (2023)$1.63B
NET TRADE (2023)$2.28B

In 2023, Turkey exported $3.91B in Insulated Wire. The main destinations of Turkey exports on Insulated Wire were United Kingdom ($746M), Germany ($366M), Iraq ($215M), Austria ($167M), and Israel ($166M).

In 2023, Turkey imported $1.63B in Insulated Wire, mainly from China ($299M), Bulgaria ($161M), Egypt ($140M), Germany ($118M), and Morocco ($104M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Austria$96.7M (138%)
Netherlands$25.6M (26.5%)
Iraq$25.4M (13.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Turkey WERE (2022 - 2023):
Israel-$30.5M (-15.6%)
Russia-$19.2M (-47.4%)
Iran-$17.5M (-47.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Insulated Wire were:
In 2023, Turkey's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $159M
TOP IMPORT POTENTIALChina+ $131M

Insulated Wire’s highest export potential is Germany. With an export gap of $159M.   Insulated Wire’s highest import potential is China with an import gap of $131M.

See methodology.

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