Turkey / South Korea

Turkey-South Korea Trade: In 2023, Turkey exported $1.01B to South Korea. The main products that Turkey exported to South Korea were Vaccines, blood, antisera, toxins and cultures ($454M), Nickel Mattes ($35.7M), and Zinc Ore ($35M). Over the past 5 years the exports of Turkey to South Korea have decreased at an annualized rate of 2.37%, from $1.14B in 2018 to $1.01B in 2023.

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 2023, South Korea exported $9.48B to Turkey. The main products that South Korea exported to Turkey were Polycarboxylic Acids ($794M), Hot-Rolled Iron ($492M), and Cars ($480M). Over the past 5 years the exports of South Korea to Turkey have increased at an annualized rate of 7.38%,  from $6.64B in 2018 to $9.48B in 2023.

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 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).