2022
Exports
$15.7BWorld Rnk 12 / 223
Flag Rnk 4 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$25.6BWorld Rnk 5 / 225
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $15.7B in Iron & steel, making it the 12th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 4th most exported product in Turkey. The main destination of Iron & steel exports from Turkey are: Israel ($1.29B), Italy ($1.09B), Romania ($814M), United States ($719M), and Egypt ($561M).

The fastest growing export markets for Iron & steel of Turkey between 2021 and 2022 were Romania ($203M), Egypt ($183M), and Bulgaria ($172M).

Imports In 2022, Turkey imported $25.6B in Iron & steel, becoming the 5th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 3rd most imported product in Turkey. Turkey imports Iron & steel primarily from: Russia ($4.26B), China ($3.17B), United States ($1.7B), South Korea ($1.29B), and Netherlands ($1.28B).

The fastest growing import markets in Iron & steel for Turkey between 2021 and 2022 were China ($1.19B), South Korea ($235M), and Brazil ($187M).

COMPANIES In 2023, leading companies such as Emser Tile (1) and BSH Home Appliances (1) were at the forefront of shipping Iron & steel from Turkey to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

View
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 & steel. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$15.7B
IMPORTS (2022)$25.6B
NET TRADE (2022)-$9.86B

In 2022, Turkey exported $15.7B in Iron & steel. The main destinations of Turkey exports on Iron & steel were Israel ($1.29B), Italy ($1.09B), Romania ($814M), United States ($719M), and Egypt ($561M).

In 2022, Turkey imported $25.6B in Iron & steel, mainly from Russia ($4.26B), China ($3.17B), United States ($1.7B), South Korea ($1.29B), and Netherlands ($1.28B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Romania$203M (33.3%)
Egypt$183M (48.4%)
Bulgaria$172M (53%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Turkey WERE (2021 - 2022):
Spain-$785M (-59%)
Singapore-$375M (-69.1%)
Belgium-$358M (-59.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Turkey's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Turkey's main importing competitors in Iron & steel were:

Explore Visualizations

Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $280M
TOP IMPORT POTENTIALGermany+ $333M

Iron & steel’s highest export potential is United States. With an export gap of $280M.   Iron & steel’s highest import potential is Germany with an import gap of $333M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with