2022
Exports
$157kWorld Rnk 56 / 89
Flag Rnk 1145 / 1213
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$249MWorld Rnk 7 / 144
Flag Rnk 215 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $157k in Iron Reductions, making it the 56th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 1145th most exported product in Turkey. The main destination of Iron Reductions exports from Turkey are: Qatar ($95.1k), Iceland ($31.2k), Romania ($24.7k), United States ($2.88k), and Germany ($2.08k).

The fastest growing export markets for Iron Reductions of Turkey between 2021 and 2022 were Qatar ($95.1k), Iceland ($31.2k), and Romania ($24.7k).

Imports In 2022, Turkey imported $249M in Iron Reductions, becoming the 7th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 215th most imported product in Turkey. Turkey imports Iron Reductions primarily from: Venezuela ($105M), Russia ($60.4M), United States ($55.6M), Libya ($27.1M), and Azerbaijan ($751k).

The fastest growing import markets in Iron Reductions for Turkey between 2021 and 2022 were Venezuela ($93.3M), United States ($46.1M), and Azerbaijan ($751k).

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 Iron Reductions. 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)$157k
IMPORTS (2022)$249M
NET TRADE (2022)-$249M

In 2022, Turkey exported $157k in Iron Reductions. The main destinations of Turkey exports on Iron Reductions were Qatar ($95.1k), Iceland ($31.2k), Romania ($24.7k), United States ($2.88k), and Germany ($2.08k).

In 2022, Turkey imported $249M in Iron Reductions, mainly from Venezuela ($105M), Russia ($60.4M), United States ($55.6M), Libya ($27.1M), and Azerbaijan ($751k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Qatar$95.1k (1%)
Iceland$31.2k (1%)
Romania$24.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Turkey WERE (2021 - 2022):
United Arab Emirates-$1.13k (-100%)
Norway-$712 (-100%)
Georgia-$609 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14k
TOP IMPORT POTENTIALRussia+ $3.31M

Iron Reductions’s highest export potential is United States. With an export gap of $14k.   Iron Reductions’s highest import potential is Russia with an import gap of $3.31M.

See methodology.

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