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Pricing

2022
Flag → Flag
Exports $14.1BRnk 12 / 221
2022
Flag → Flag
Top Product $1.4BRefined Petroleum
2022
Flag → Flag
Exports $12.6BRnk 5 / 219
2022
Flag → Flag
Top Product $957MCars
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Italy-Turkey Trade: In 2022, Italy exported $14.1B to Turkey. The main products that Italy exported to Turkey were Refined Petroleum ($1.4B), Gold ($708M), and Motor vehicles; parts and accessories (8701 to 8705) ($591M). Over the past 5 years the exports of Italy to Turkey have increased at an annualized rate of 4.29%, from $11.5B in 2017 to $14.1B in 2022.

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 2022, Turkey exported $12.6B to Italy. The main products that Turkey exported to Italy were Cars ($957M), Delivery Trucks ($678M), and Refined Petroleum ($476M). Over the past 5 years the exports of Turkey to Italy have increased at an annualized rate of 6.81%,  from $9.06B in 2017 to $12.6B in 2022.

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 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

August, 2024

About

Overview In August 2024, Italy exported €1B and imported €684M from Turkey, resulting in a positive trade balance of €317M. Between August 2023 and August 2024 the exports of Italy have increased by €152M (17.8%) from €850M to €1B, while imports decreased by €-76.4M (-10%) from €761M to €684M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€152M(17.8%)
IMPORT GROWTH (August 2023 - August 2024)€-76.4M(-10%)

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 2022, Italy exported $14.1B to Turkey. The main products exported from Italy to Turkey were Refined Petroleum ($1.4B), Gold ($708M), and Motor vehicles; parts and accessories (8701 to 8705) ($591M). During the last 5 years the exports of Italy to Turkey have increased at an annualized rate of 4.29%, from $11.5B in 2017 to $14.1B in 2022.

In 2017, Turkey exported $12.6B to Italy. The main products exported from Turkey to Italy were Cars ($957M), Delivery Trucks ($678M), and Refined Petroleum ($476M). During the last 5 years the exports of Turkey to Italy have increased at an annualized rate of 6.81%, from $9.06B in 2022 to $12.6B in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Turkey
Top DestinationGermany$21.9B

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 2022, countries that imported more from Italy than Turkey included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Turkey than Italy included Iraq ($13.7B), Israel ($7B), and Russia ($9.24B).

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

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 2022, Italy had a large net trade with Turkey in the exports of Machines ($4.06B), Mineral Products ($1.51B), and Metals ($1.46B).

During 2017, Turkey had a large net trade with Italy in the exports of Transportation ($2.6B), Metals ($2.46B), and Textiles ($1.89B).

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) (2022)

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