2022
Exports
$10.5BWorld Rnk 21 / 220
Flag Rnk 10 / 21
2022
PRODUCT COMPLEXITY IN Precious Metals
0.58Rnk 328 / 1025
2022
Imports
$22.5BWorld Rnk 10 / 225
Flag Rnk 6 / 21
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $10.5B in Precious Metals, making it the 21st largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 10th most exported product in Turkey. The main destination of Precious Metals exports from Turkey are: United Arab Emirates ($2.39B), United States ($1.75B), Iraq ($1.72B), Hong Kong ($584M), and Libya ($384M).

The fastest growing export markets for Precious Metals of Turkey between 2021 and 2022 were United States ($504M), Iraq ($300M), and India ($173M).

Imports In 2022, Turkey imported $22.5B in Precious Metals, becoming the 10th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 6th most imported product in Turkey. Turkey imports Precious Metals primarily from: Switzerland ($11.3B), United Arab Emirates ($3.7B), Italy ($1.23B), United Kingdom ($1.18B), and Russia ($870M).

The fastest growing import markets in Precious Metals for Turkey between 2021 and 2022 were Switzerland ($10.3B), United Arab Emirates ($1.88B), and United Kingdom ($982M).

COMPANIES In 2023, leading companies such as Emser Tile (1) were at the forefront of shipping Precious Metals from Turkey to the United States.

Latest Trends

Sep 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 Precious Metals. 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)$10.5B
IMPORTS (2022)$22.5B
NET TRADE (2022)-$12B

In 2022, Turkey exported $10.5B in Precious Metals. The main destinations of Turkey exports on Precious Metals were United Arab Emirates ($2.39B), United States ($1.75B), Iraq ($1.72B), Hong Kong ($584M), and Libya ($384M).

In 2022, Turkey imported $22.5B in Precious Metals, mainly from Switzerland ($11.3B), United Arab Emirates ($3.7B), Italy ($1.23B), United Kingdom ($1.18B), and Russia ($870M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
United States$504M (40.4%)
Iraq$300M (21.1%)
India$173M (803%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Turkey WERE (2021 - 2022):
United Arab Emirates-$1.23B (-34%)
United Kingdom-$983M (-92.7%)
Mauritania-$360M (-89.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Precious Metals were:
In 2022, Turkey's main importing competitors in Precious Metals were:

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $212M
TOP IMPORT POTENTIALUnited States+ $367M

Precious Metals’s highest export potential is United States. With an export gap of $212M.   Precious Metals’s highest import potential is United States with an import gap of $367M.

See methodology.

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