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Pricing

2022
Flag → Flag
Exports $25.3BRnk 4 / 138
2022
Flag → Flag
Top Product $6.51BRefined Petroleum
2022
Flag → Flag
Exports $9.24BRnk 8 / 219
2022
Flag → Flag
Top Product $430MCitrus
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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 $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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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

Russia-Turkey Trade: In 2022, Russia exported $25.3B to Turkey. The main products that Russia exported to Turkey were Refined Petroleum ($6.51B), Coal Briquettes ($3.2B), and Wheat ($2.05B). Over the past 5 years the exports of Russia to Turkey have increased at an annualized rate of 13.3%, from $13.6B in 2017 to $25.3B in 2022.

In 2020, Russia exported services to Turkey worth $953M, with Construction services ($449M), Transportation ($235M), and Other business services ($191M) being the largest in terms of value.

Turkey-Russia Trade: In 2022, Turkey exported $9.24B to Russia. The main products that Turkey exported to Russia were Citrus ($430M), Motor vehicles; parts and accessories (8701 to 8705) ($329M), and Pitted Fruits ($298M). Over the past 5 years the exports of Turkey to Russia have increased at an annualized rate of 23.8%,  from $3.18B in 2017 to $9.24B in 2022.

In 2009, Turkey exported services to Russia worth $1.23B, with Travel ($1.22B), Other business services ($9.3M), and Insurance services ($7.23M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $4.26B and imported $619M from Turkey, resulting in a positive trade balance of $3.64B. Between January 2021 and January 2022 the exports of Russia have increased by $2.56B (151%) from $1.7B to $4.26B, while imports increased by $243M (64.5%) from $376M to $619M.

Trade In January 2022, the top exports of Russia to Turkey were Commodities not elsewhere specified ($465M), Refined Petroleum ($240M), Wheat ($166M), Scrap Iron ($122M), and Hot-Rolled Iron ($104M). In January 2022 the top imports of Russia from Turkey were Citrus ($76.1M), Motor vehicles; parts and accessories (8701... ($23.2M), Sunflower Seeds ($17.2M), Other Heating Machinery ($13.2M), and Other Vegetables ($8.48M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($3.33B), LIPETSK REGION ($176M), ROSTOV REGION ($109M), VOLOGDA REGION ($57.2M), and ARKHANGELSK REGION ($53.3M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($191M), KAMCHATKA TERRITORY ($106M), KRASNODAR TERRITORY ($60.9M), MOSCOW REGION ($53.2M), and ST. PETERSBURG ($37M).

Growth In January 2022, the increase in Russia's year-by-year exports to Turkey was explained primarily by an increase in product exports in Scrap Iron ($77.5M or 172%), Hot-Rolled Iron ($71.3M or 219%), and Seed Oils ($69.3M or 288%). In January 2022, the increase in Russia's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Citrus ($13.8M or 22.2%), Other Heating Machinery ($11.9M or 918%), and Non-fillet Frozen Fish ($6.51M or 339%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$2.56B(151%)
IMPORT GROWTH (January 2021 - January 2022)$243M(64.5%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$3.33B

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

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

For full datasets download visit Bulk Download page.

Explore Turkey and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $25.3B to Turkey. The main products exported from Russia to Turkey were Refined Petroleum ($6.51B), Coal Briquettes ($3.2B), and Wheat ($2.05B). During the last 5 years the exports of Russia to Turkey have increased at an annualized rate of 13.3%, from $13.6B in 2017 to $25.3B in 2022.

In 2017, Turkey exported $9.24B to Russia. The main products exported from Turkey to Russia were Citrus ($430M), Motor vehicles; parts and accessories (8701 to 8705) ($329M), and Pitted Fruits ($298M). During the last 5 years the exports of Turkey to Russia have increased at an annualized rate of 23.8%, from $3.18B in 2022 to $9.24B in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Russia than Turkey included China ($101B), India ($40.4B), and Kazakhstan ($16.5B).

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

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

Comparative Advantage Russia - Turkey

Flow
Scale

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

During 2022, Russia had a large net trade with Turkey in the exports of Mineral Products ($10.1B), Metals ($6.8B), and Vegetable Products ($2.95B).

During 2017, Turkey had a large net trade with Russia in the exports of Machines ($2.19B), Vegetable Products ($1.29B), and Chemical Products ($879M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Turkey+$294MGold
Top Product Potential Turkey Russia+$105MMotor 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 Russia and Turkey. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Russia.

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

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