India (IND) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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India-Turkey Trade: In 2022, India exported $10.7B to Turkey. The main products that India exported to Turkey were Refined Petroleum ($3.34B), Raw Aluminium ($578M), and Motor vehicles; parts and accessories (8701 to 8705) ($483M). Over the past 5 years the exports of India to Turkey have increased at an annualized rate of 12.9%, from $5.81B in 2017 to $10.7B in 2022.

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

Turkey-India Trade: In 2022, Turkey exported $3.54B to India. The main products that Turkey exported to India were Crude Petroleum ($1.37B), Seed Oils ($203M), and Gold ($178M). Over the past 5 years the exports of Turkey to India have increased at an annualized rate of 11.5%, from $1.07B in 2017 to $3.54B in 2022.

In 2009, Turkey exported services to India worth $3.1M, with Insurance services ($3.1M) being the largest in terms of value.

Comparison: In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

August, 2024

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Overview In August 2024, India exported $476M and imported $353M from Turkey, resulting in a positive trade balance of $122M. Between August 2023 and August 2024 the exports of India have decreased by $-203M (-29.9%) from $678M to $476M, while imports increased by $178M (101%) from $175M to $353M.

Trade In August 2024, the top exports of India to Turkey were Petroleum Products ($288M), Gold And Oth Precs Metl Jwlery ($78.6M), Iron And Steel ($43.4M), Manmade Yarn,Fabrics,Madeups ($37.3M), and Auto Components/Parts ($34.4M). In August 2024 the top imports of India from Turkey were Petroleum: Crude ($68.2M), Vegetable Oils ($37.5M), Iron And Steel ($19.3M), Inorganic Chemicals ($18.8M), and Granit, Natrl Stone And Prodct ($15M).

Growth In August 2024, the decrease in India's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Aluminium, Products Of Aluminm ($-182M or -97.9%), Iron And Steel ($-67.9M or -61%), and Cotton Yarn ($-27.1M or -83.4%). In August 2024, the increase in India's year-by-year imports from Turkey was explained primarily by an increase in product imports in Vegetable Oils ($26.8M or 249%), Aluminium, Products Of Aluminm ($13.7M or 3.54k%), and Inorganic Chemicals ($11.3M or 151%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$-203M(-29.9%)

IMPORT GROWTH (August 2023 - August 2024)$178M(101%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Turkey and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $10.7B to Turkey. The main products exported from India to Turkey were Refined Petroleum ($3.34B), Raw Aluminium ($578M), and Motor vehicles; parts and accessories (8701 to 8705) ($483M). During the last 5 years the exports of India to Turkey have increased at an annualized rate of 12.9%, from $5.81B in 2017 to $10.7B in 2022.

In 2017, Turkey exported $3.54B to India. The main products exported from Turkey to India were Crude Petroleum ($1.37B), Seed Oils ($203M), and Gold ($178M). During the last 5 years the exports of Turkey to India have increased at an annualized rate of 11.5%, from $1.07B in 2022 to $3.54B in 2017.

Exports from India () to Turkey () (2022)

Exports from Turkey () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from India than Turkey included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2022, countries that imported more from Turkey than India included Iraq ($13.7B), Germany ($21.9B), and Romania ($7.88B).

Difference in imports from Turkey () and India () (2022)

Comparative Advantage India - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Turkey in the exports of Mineral Products ($3.46B), Metals ($1.73B), and Machines ($1.17B).

During 2017, Turkey had a large net trade with India in the exports of Mineral Products ($1.73B), Machines ($438M), and Animal and Vegetable Bi-Products ($245M).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Turkey () (2022)

Exports from Turkey () to India () (2022)

Market Competitiveness

Difference in imports from Turkey () and India () (2022)

Comparative Advantage India - Turkey

Economic Complexity

Competitive Landscape

Product Space of India () and Turkey () (2022)

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