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2022
Flag → Flag
Exports $2.44BRnk 22 / 216
2022
Flag → Flag
Top Product $413MPalm Oil
2022
Flag → Flag
Exports $495MRnk 76 / 219
2022
Flag → Flag
Top Product $53.7MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Indonesia-Turkey Trade: In 2022, Indonesia exported $2.44B to Turkey. The main products that Indonesia exported to Turkey were Palm Oil ($413M), Large Flat-Rolled Stainless Steel ($397M), and Unprocessed Artificial Staple Fibers ($185M). Over the past 5 years the exports of Indonesia to Turkey have increased at an annualized rate of 10.8%, from $1.46B in 2017 to $2.44B in 2022.

In 2022, Indonesia did not export any services to Turkey.

Turkey-Indonesia Trade: In 2022, Turkey exported $495M to Indonesia. The main products that Turkey exported to Indonesia were Crude Petroleum ($53.7M), Tanks and Armored vehicles ($41.7M), and Raw Tobacco ($29.9M). Over the past 5 years the exports of Turkey to Indonesia have increased at an annualized rate of 0.46%,  from $461M in 2017 to $495M in 2022.

In 2022, Turkey did not export any services to Indonesia.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Indonesia exported $2.44B to Turkey. The main products exported from Indonesia to Turkey were Palm Oil ($413M), Large Flat-Rolled Stainless Steel ($397M), and Unprocessed Artificial Staple Fibers ($185M). During the last 5 years the exports of Indonesia to Turkey have increased at an annualized rate of 10.8%, from $1.46B in 2017 to $2.44B in 2022.

In 2017, Turkey exported $495M to Indonesia. The main products exported from Turkey to Indonesia were Crude Petroleum ($53.7M), Tanks and Armored vehicles ($41.7M), and Raw Tobacco ($29.9M). During the last 5 years the exports of Turkey to Indonesia have increased at an annualized rate of 0.46%, from $461M in 2022 to $495M in 2017.

Exports from Indonesia (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Indonesia (Flag) (2022)

Latest Data

Trade between Indonesia (Flag) and Turkey (Flag)

Indonesia Exports

Turkey Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$67.7B
Turkey
Top DestinationGermany$21.9B

This map shows whether countries import more from Indonesia or Turkey. Each country is colored based on the difference in imports they receive from Indonesia and Turkey or the difference in the growth in imports.

In 2022, countries that imported more from Indonesia than Turkey included China ($67.7B), Japan ($26.6B), and India ($25.3B).

In 2022, countries that imported more from Turkey than Indonesia included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

Difference in imports from Turkey (Flag) and Indonesia (Flag) (2022)

Comparative Advantage Indonesia - Turkey

Flow
Scale

This chart compares trade between Indonesia and Turkey by product, considering products traded by both, Indonesia and Turkey.

During 2022, Indonesia had a large net trade with Turkey in the exports of Metals ($589M), Animal and Vegetable Bi-Products ($568M), and Textiles ($351M).

During 2017, Turkey had a large net trade with Indonesia in the exports of Machines ($101M), Mineral Products ($75.6M), and Chemical Products ($59.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Turkey+$73.9MPalm Oil
Top Product Potential Turkey Indonesia+$42.5MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Indonesia and Turkey. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Indonesia.

Product Space of Indonesia (Flag) and Turkey (Flag) (2022)

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