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2022
Flag → Flag
Exports $10.7BRnk 9 / 217
2022
Flag → Flag
Top Product $3.34BRefined Petroleum
2022
Flag → Flag
Exports $3.54BRnk 18 / 219
2022
Flag → Flag
Top Product $1.37BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 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

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 27.1%,  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

September, 2024

About

Overview In September 2024, India exported $370M and imported $170M from Turkey, resulting in a positive trade balance of $199M. Between September 2023 and September 2024 the exports of India have decreased by $-232M (-38.5%) from $601M to $370M, while imports decreased by $-106M (-38.5%) from $277M to $170M.

Trade In September 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 September 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 September 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 ($-27.1M or -83.4%). In September 2024, the decrease in India's year-by-year imports  from Turkey was explained primarily by an decrease in product imports  in Fresh Fruits ($-6.6M or -35.9%), Medical And Scientific Instrum ($-2.56M or -79.6%), and Finished Leather ($-2.47M or -47.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$-232M(-38.5%)
IMPORT GROWTH (September 2023 - September 2024)$-106M(-38.5%)

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.

For full datasets download visit Bulk Download page.

Explore Turkey and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 27.1%, from $1.07B in 2022 to $3.54B in 2017.

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

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

Market Competitiveness

Color
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 (Flag) and India (Flag) (2022)

Comparative Advantage India - Turkey

Flow
Scale

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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Turkey+$1.04BRefined Petroleum
Top Product Potential Turkey India+$432MCrude 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 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.

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

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