2023
Flag  
GDP
$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH
16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC 
$13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH
4.19%CURRENT US$
Rnk 147 / 195

About

Turkey-British Indian Ocean Territory Trade: In 2023, Turkey exported $249k to British Indian Ocean Territory. The main products that Turkey exported to British Indian Ocean Territory were Corn ($142k) and Soybean Meal ($107k). Over the past 5 years the exports of Turkey to British Indian Ocean Territory have increased at an annualized rate of 4.76%, from $198k in 2018 to $249k in 2023.

In 2023, Turkey did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Turkey Trade: In 2023, British Indian Ocean Territory exported $27k to Turkey. The main products that British Indian Ocean Territory exported to Turkey were Stone Processing Machines ($11.7k), Excavation Machinery ($7.04k), and Interchangeable Tool Parts ($5.14k). Over the past 5 years the exports of British Indian Ocean Territory to Turkey have increased at an annualized rate of 153%,  from $260 in 2018 to $27k in 2023.

In 2023, British Indian Ocean Territory did not export any services to Turkey.

Comparison In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62),  and 28 in total exports ($272B). That same year, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $249k to British Indian Ocean Territory. The main products exported from Turkey to British Indian Ocean Territory were Corn ($142k) and Soybean Meal ($107k). During the last 5 years the exports of Turkey to British Indian Ocean Territory have increased at an annualized rate of 4.76%, from $198k in 2018 to $249k in 2023.

In 2018, British Indian Ocean Territory exported $27k to Turkey. The main products exported from British Indian Ocean Territory to Turkey were Stone Processing Machines ($11.7k), Excavation Machinery ($7.04k), and Interchangeable Tool Parts ($5.14k). During the last 5 years the exports of British Indian Ocean Territory to Turkey have increased at an annualized rate of 153%, from $260 in 2023 to $27k in 2018.

Exports from Turkey (Flag) to British Indian Ocean Territory (Flag) (2023)

Exports from British Indian Ocean Territory (Flag) to Turkey (Flag) (2023)

Latest Data

Trade between Turkey (Flag) and British Indian Ocean Territory (Flag)

Turkey Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$24.7B

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

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

In 2023, no countries were registered that imported more from British Indian Ocean Territory than from Turkey.

Difference in imports from British Indian Ocean Territory (Flag) and Turkey (Flag) (2023)

Comparative Advantage Turkey - British Indian Ocean Territory

Flow
Scale

This chart compares trade between Turkey and British Indian Ocean Territory by product, considering products traded by both, Turkey and British Indian Ocean Territory.

During 2023, Turkey had a large net trade with British Indian Ocean Territory in the exports of Vegetable Products ($142k) and Foodstuffs ($107k).

During 2018, British Indian Ocean Territory had a large net trade with Turkey in the exports of Machines ($20.5k), Metals ($6.29k), and Instruments ($137).

Economic Complexity

Competitive Landscape

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

Product Space of Turkey (Flag) and British Indian Ocean Territory (Flag) (2023)

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