2022
Exports
$1.97BWorld Rnk 30 / 223
Flag Rnk 29 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$4.9BWorld Rnk 28 / 226
Flag Rnk 12 / 96
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $1.97B in Pharmaceutical products, making it the 30th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 29th most exported product in Turkey. The main destination of Pharmaceutical products exports from Turkey are: South Korea ($435M), Iraq ($108M), Uzbekistan ($93.9M), Kazakhstan ($93.1M), and Iran ($84M).

The fastest growing export markets for Pharmaceutical products of Turkey between 2021 and 2022 were South Korea ($67.9M), Hungary ($42.8M), and Uzbekistan ($27.3M).

Imports In 2022, Turkey imported $4.9B in Pharmaceutical products, becoming the 28th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 12th most imported product in Turkey. Turkey imports Pharmaceutical products primarily from: Germany ($1.02B), South Korea ($513M), Switzerland ($486M), Belgium ($309M), and United States ($302M).

The fastest growing import markets in Pharmaceutical products for Turkey between 2021 and 2022 were South Korea ($148M), Denmark ($89.9M), and Greece ($25.7M).

COMPANIES In 2023, leading companies such as IKEA Group (1) were at the forefront of shipping Pharmaceutical products 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 Pharmaceutical products. 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)$1.97B
IMPORTS (2022)$4.9B
NET TRADE (2022)-$2.93B

In 2022, Turkey exported $1.97B in Pharmaceutical products. The main destinations of Turkey exports on Pharmaceutical products were South Korea ($435M), Iraq ($108M), Uzbekistan ($93.9M), Kazakhstan ($93.1M), and Iran ($84M).

In 2022, Turkey imported $4.9B in Pharmaceutical products, mainly from Germany ($1.02B), South Korea ($513M), Switzerland ($486M), Belgium ($309M), and United States ($302M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
South Korea$67.9M (18.5%)
Hungary$42.8M (1.32k%)
Uzbekistan$27.3M (40.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Turkey WERE (2021 - 2022):
Azerbaijan-$79.3M (-54%)
Bulgaria-$30.1M (-51.8%)
Albania-$19.2M (-43.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Pharmaceutical products were:
In 2022, Turkey's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $78M
TOP IMPORT POTENTIALGermany+ $426M

Pharmaceutical products’s highest export potential is Germany. With an export gap of $78M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $426M.

See methodology.

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