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2023
Flag → Flag
Exports $15.1BRnk 11 / 219
2023
Flag → Flag
Top Product $1.01BJewellery
2023
Flag → Flag
Exports $12.6BRnk 6 / 216
2023
Flag → Flag
Top Product $1.28BCars
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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 $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Italy-Turkey Trade: In 2023, Italy exported $15.1B to Turkey. The main products that Italy exported to Turkey were Jewellery ($1.01B), Motor vehicles; parts and accessories (8701 to 8705) ($596M), and Refined Petroleum ($445M). Over the past 5 years the exports of Italy to Turkey have increased at an annualized rate of 6.95%, from $10.8B in 2018 to $15.1B in 2023.

In 2020, Italy exported services to Turkey worth $575M, with Transportation ($192M), Other business services ($129M), and Travel ($70M) being the largest in terms of value.

Turkey-Italy Trade: In 2023, Turkey exported $12.6B to Italy. The main products that Turkey exported to Italy were Cars ($1.28B), Delivery Trucks ($734M), and Refined Petroleum ($550M). Over the past 5 years the exports of Turkey to Italy have increased at an annualized rate of 3.35%,  from $10.7B in 2018 to $12.6B in 2023.

In 2009, Turkey exported services to Italy worth $401M, with Travel ($382M), Other business services ($17.6M), and Insurance services ($1.03M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €1.65B and imported €1.13B from Turkey, resulting in a positive trade balance of €522M. Between October 2023 and October 2024 the exports of Italy have increased by €430M (35.2%) from €1.22B to €1.65B, while imports increased by €68M (6.39%) from €1.06B to €1.13B.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€430M(35.2%)
IMPORT GROWTH (October 2023 - October 2024)€68M(6.39%)

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

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

For full datasets download visit Bulk Download page.

Explore Turkey and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $15.1B to Turkey. The main products exported from Italy to Turkey were Jewellery ($1.01B), Motor vehicles; parts and accessories (8701 to 8705) ($596M), and Refined Petroleum ($445M). During the last 5 years the exports of Italy to Turkey have increased at an annualized rate of 6.95%, from $10.8B in 2018 to $15.1B in 2023.

In 2018, Turkey exported $12.6B to Italy. The main products exported from Turkey to Italy were Cars ($1.28B), Delivery Trucks ($734M), and Refined Petroleum ($550M). During the last 5 years the exports of Turkey to Italy have increased at an annualized rate of 3.35%, from $10.7B in 2023 to $12.6B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Italy than Turkey included United States ($70.9B), France ($61.1B), and Germany ($71.4B).

In 2023, countries that imported more from Turkey than Italy included Iraq ($12.8B), United Arab Emirates ($14.7B), and Russia ($10.8B).

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

Comparative Advantage Italy - Turkey

Flow
Scale

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

During 2023, Italy had a large net trade with Turkey in the exports of Machines ($4.64B), Transportation ($1.8B), and Precious Metals ($1.34B).

During 2018, Turkey had a large net trade with Italy in the exports of Transportation ($3.32B), Machines ($1.79B), and Metals ($1.7B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Turkey+$242MRefined Petroleum
Top Product Potential Turkey Italy+$286MCars

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 Italy and Turkey. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Turkey (Flag) (2023)

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