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Pricing

2022
Flag → Flag
Exports $3.17BRnk 2 / 127
2022
Flag → Flag
Top Product $739MRaw Aluminium
2022
Flag → Flag
Exports $2.9BRnk 22 / 219
2022
Flag → Flag
Top Product $90.3MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 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

Iran-Turkey Trade: In 2022, Iran exported $3.17B to Turkey. The main products that Iran exported to Turkey were Raw Aluminium ($739M), Raw Zinc ($349M), and Ethylene Polymers ($318M). Over the past 5 years the exports of Iran to Turkey have decreased at an annualized rate of 4.83%, from $4.06B in 2017 to $3.17B in 2022.

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

Turkey-Iran Trade: In 2022, Turkey exported $2.9B to Iran. The main products that Turkey exported to Iran were Motor vehicles; parts and accessories (8701 to 8705) ($90.3M), Sulfate Chemical Woodpulp ($80.7M), and Packaged Medicaments ($74.2M). Over the past 5 years the exports of Turkey to Iran have decreased at an annualized rate of 6.54%,  from $4.07B in 2017 to $2.9B in 2022.

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

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $3.17B to Turkey. The main products exported from Iran to Turkey were Raw Aluminium ($739M), Raw Zinc ($349M), and Ethylene Polymers ($318M). During the last 5 years the exports of Iran to Turkey have decreased at an annualized rate of 4.83%, from $4.06B in 2017 to $3.17B in 2022.

In 2017, Turkey exported $2.9B to Iran. The main products exported from Turkey to Iran were Motor vehicles; parts and accessories (8701 to 8705) ($90.3M), Sulfate Chemical Woodpulp ($80.7M), and Packaged Medicaments ($74.2M). During the last 5 years the exports of Turkey to Iran have decreased at an annualized rate of 6.54%, from $4.07B in 2022 to $2.9B in 2017.

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

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

Latest Data

Trade between Iran (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Turkey
Top DestinationGermany$21.9B

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 2022, countries that imported more from Iran than Turkey included China ($5.72B), Armenia ($557M), and Kuwait ($960M).

In 2022, countries that imported more from Turkey than Iran included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Iran - Turkey

Flow
Scale

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

During 2022, Iran had a large net trade with Turkey in the exports of Metals ($1.91B), Plastics and Rubbers ($446M), and Chemical Products ($301M).

During 2017, Turkey had a large net trade with Iran in the exports of Machines ($663M), Chemical Products ($537M), and Textiles ($259M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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