2022
Flag  
GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 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

Turkey-British Indian Ocean Territory In 2022, Turkey exported $146k to British Indian Ocean Territory. The main products that Turkey exported to British Indian Ocean Territory are Refined Petroleum ($103k), Other Furniture ($23k), and Seats ($12.7k). During the last 24 years the exports of Turkey to British Indian Ocean Territory have decreased at an annualized rate of 14.5%, from $6.32M in 1998 to $146k in 2022.

In 2022, Turkey did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Turkey In 2022, British Indian Ocean Territory exported $335 to Turkey. The main products that British Indian Ocean Territory exported to Turkey were Rubber Footwear ($310), Iron Fasteners ($17), and Electrical Parts ($8). During the last 24 years the exports of British Indian Ocean Territory to Turkey have decreased at an annualized rate of 26.1%, from $483k in 1998 to $335 in 2022.

In 2022, British Indian Ocean Territory did not export any services to Turkey.

Comparison In 2022,  Turkey ranked 39 in the Economic Complexity Index (ECI 0.59),  and 29 in total exports ($262B). That same year, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $146k to British Indian Ocean Territory. The main products exported from Turkey to British Indian Ocean Territory were Refined Petroleum ($103k), Other Furniture ($23k), and Seats ($12.7k). During the last 24 years the exports of Turkey to British Indian Ocean Territory have decreased at an annualized rate of 14.5%, from $6.32M in 1998 to $146k in 2022.

In 2022, British Indian Ocean Territory exported $335 to Turkey. The main products exported from British Indian Ocean Territory to Turkey were Rubber Footwear ($310), Iron Fasteners ($17), and Electrical Parts ($8). During the last 23 years the exports of British Indian Ocean Territory to Turkey have decreased at an annualized rate of 26.1%, from $483k in 1999 to $335 in 2022.

Exports from Turkey (Flag) to British Indian Ocean Territory (Flag) (2022)

Exports from British Indian Ocean Territory (Flag) to Turkey (Flag) (2022)

Latest Data

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

Turkey Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$21.9B

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 2021, countries that imported more from Turkey than British Indian Ocean Territory were Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2019, 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) (2022)

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 2022, Turkey had a large net trade with British Indian Ocean Territory in the exports of Mineral Products ($103k), Miscellaneous ($39.2k), and Metals ($1.77k).

During 2022, British Indian Ocean Territory had a large net trade with Turkey in the exports of Footwear and Headwear ($310), Metals ($17), and Machines ($8).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Turkey has comparative advantage over British Indian Ocean Territory. Similarly, the more yellow a dot/product is, the more British Indian Ocean Territory has comparative advantage over Turkey.

Product Space of Turkey (Flag) and British Indian Ocean Territory (Flag) (2022)

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