Iran (IRN) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Iran-Turkey Trade: In 2023, Iran exported $2.18B to Turkey. The main products that Iran exported to Turkey were Raw Aluminium ($375M), Ethylene Polymers ($264M), and Raw Zinc ($263M). Over the past 5 years the exports of Iran to Turkey have decreased at an annualized rate of 1.27%, from $2.32B in 2018 to $2.18B in 2023.

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

Turkey-Iran Trade: In 2023, Turkey exported $3.06B to Iran. The main products that Turkey exported to Iran were Corn ($240M), Sulfate Chemical Woodpulp ($90.7M), and Packaged Medicaments ($77.6M). Over the past 5 years the exports of Turkey to Iran have decreased at an annualized rate of 0.16%, from $3.1B in 2018 to $3.06B in 2023.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $2.18B to Turkey. The main products exported from Iran to Turkey were Raw Aluminium ($375M), Ethylene Polymers ($264M), and Raw Zinc ($263M). During the last 5 years the exports of Iran to Turkey have decreased at an annualized rate of 1.27%, from $2.32B in 2018 to $2.18B in 2023.

In 2018, Turkey exported $3.06B to Iran. The main products exported from Turkey to Iran were Corn ($240M), Sulfate Chemical Woodpulp ($90.7M), and Packaged Medicaments ($77.6M). During the last 5 years the exports of Turkey to Iran have decreased at an annualized rate of 0.16%, from $3.1B in 2023 to $3.06B in 2018.

Exports from Iran () to Turkey () (2023)

Exports from Turkey () to Iran () (2023)

Latest Data

Trade between Iran () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Iran than Turkey included China ($4.59B), Pakistan ($943M), and Armenia ($597M).

In 2023, countries that imported more from Turkey than Iran included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

Difference in imports from Turkey () and Iran () (2023)

Comparative Advantage Iran - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Turkey in the exports of Metals ($1.18B), Plastics and Rubbers ($349M), and Chemical Products ($174M).

During 2018, Turkey had a large net trade with Iran in the exports of Machines ($570M), Chemical Products ($471M), and Vegetable Products ($306M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Turkey+$124MEthylene Polymers

Top Product Potential Turkey Iran+$73.5MMotor vehicles; parts and accessories (8701 to 8705)

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Turkey () (2023)

Exports from Turkey () to Iran () (2023)

Latest Data

Trade between Iran () and Turkey ()

Turkey Exports

Market Competitiveness

Difference in imports from Turkey () and Iran () (2023)

Comparative Advantage Iran - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Turkey () (2023)

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