Turkey / South Korea

Turkey-South Korea Trade: In 2022, Turkey exported $1.07B to South Korea. The main products that Turkey exported to South Korea were Vaccines, blood, antisera, toxins and cultures ($429M), Engine Parts ($42.6M), and Fish Fillets ($31M). Over the past 5 years the exports of Turkey to South Korea have increased at an annualized rate of 10.1%, from $663M in 2017 to $1.07B in 2022.

In 2014, Turkey exported services to South Korea worth $2.79M, with Insurance services ($2.79M) being the largest in terms of value.

South Korea-Turkey Trade: In 2022, South Korea exported $8.42B to Turkey. The main products that South Korea exported to Turkey were Polycarboxylic Acids ($690M), Vaccines, blood, antisera, toxins and cultures ($498M), and Motor vehicles; parts and accessories (8701 to 8705) ($349M). Over the past 5 years the exports of South Korea to Turkey have increased at an annualized rate of 4.47%,  from $6.48B in 2017 to $8.42B in 2022.

In 2005, South Korea exported services to Turkey worth $186M, with Transportation ($161M), Other business services ($18.9M), and Travel ($10.6M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).