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Pricing

2023
Flag → Flag
Exports $1.88BRnk 26 / 213
2023
Flag → Flag
Top Product $290MLarge Flat-Rolled Stainless Steel
2023
Flag → Flag
Exports $588MRnk 72 / 216
2023
Flag → Flag
Top Product $80.4MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Indonesia-Turkey Trade: In 2023, Indonesia exported $1.88B to Turkey. The main products that Indonesia exported to Turkey were Large Flat-Rolled Stainless Steel ($290M), Semi-Finished Iron ($147M), and Rubber ($108M). Over the past 5 years the exports of Indonesia to Turkey have increased at an annualized rate of 6.67%, from $1.36B in 2018 to $1.88B in 2023.

In 2023, Indonesia did not export any services to Turkey.

Turkey-Indonesia Trade: In 2023, Turkey exported $588M to Indonesia. The main products that Turkey exported to Indonesia were Crude Petroleum ($80.4M), Gas Turbines ($79.1M), and Raw Tobacco ($33.2M). Over the past 5 years the exports of Turkey to Indonesia have decreased at an annualized rate of 1.61%,  from $638M in 2018 to $588M in 2023.

In 2023, Turkey did not export any services to Indonesia.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Indonesia exported $1.88B to Turkey. The main products exported from Indonesia to Turkey were Large Flat-Rolled Stainless Steel ($290M), Semi-Finished Iron ($147M), and Rubber ($108M). During the last 5 years the exports of Indonesia to Turkey have increased at an annualized rate of 6.67%, from $1.36B in 2018 to $1.88B in 2023.

In 2018, Turkey exported $588M to Indonesia. The main products exported from Turkey to Indonesia were Crude Petroleum ($80.4M), Gas Turbines ($79.1M), and Raw Tobacco ($33.2M). During the last 5 years the exports of Turkey to Indonesia have decreased at an annualized rate of 1.61%, from $638M in 2023 to $588M in 2018.

Exports from Indonesia (Flag) to Turkey (Flag) (2023)

Exports from Turkey (Flag) to Indonesia (Flag) (2023)

Latest Data

Trade between Indonesia (Flag) and Turkey (Flag)

Indonesia Exports

Turkey Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Turkey
Top DestinationGermany$24.7B

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 2023, countries that imported more from Indonesia than Turkey included China ($70.7B), Japan ($23.7B), and India ($24B).

In 2023, countries that imported more from Turkey than Indonesia included Germany ($24.7B), Iraq ($12.8B), and United Kingdom ($15.1B).

Difference in imports from Turkey (Flag) and Indonesia (Flag) (2023)

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 2023, Indonesia had a large net trade with Turkey in the exports of Metals ($631M), Textiles ($215M), and Machines ($176M).

During 2018, Turkey had a large net trade with Indonesia in the exports of Machines ($167M), Mineral Products ($111M), and Chemical Products ($70.4M).

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) (2023)

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