2022
Flag  
GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Turkey-Norway Trade: In 2022, Turkey exported $799M to Norway. The main products that Turkey exported to Norway were Passenger and Cargo Ships ($160M), Fishing Ships ($86.3M), and Delivery Trucks ($55.7M). Over the past 5 years the exports of Turkey to Norway have increased at an annualized rate of 4.44%, from $643M in 2017 to $799M in 2022.

In 2009, Turkey exported services to Norway worth $0, with being the largest in terms of value.

Norway-Turkey Trade: In 2022, Norway exported $1.28B to Turkey. The main products that Norway exported to Turkey were Crude Petroleum ($204M), Ferroalloys ($194M), and Insulated Wire ($102M). Over the past 5 years the exports of Norway to Turkey have increased at an annualized rate of 5.25%,  from $995M in 2017 to $1.28B in 2022.

In 2009, Norway exported services to Turkey worth $3.68M, with Transportation ($2.56M), Travel ($799k), and Insurance services ($319k) 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $799M to Norway. The main products exported from Turkey to Norway were Passenger and Cargo Ships ($160M), Fishing Ships ($86.3M), and Delivery Trucks ($55.7M). During the last 5 years the exports of Turkey to Norway have increased at an annualized rate of 4.44%, from $643M in 2017 to $799M in 2022.

In 2017, Norway exported $1.28B to Turkey. The main products exported from Norway to Turkey were Crude Petroleum ($204M), Ferroalloys ($194M), and Insulated Wire ($102M). During the last 5 years the exports of Norway to Turkey have increased at an annualized rate of 5.25%, from $995M in 2022 to $1.28B in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Norway (Flag)

Turkey Exports

Norway Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$21.9B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Turkey than Norway included Iraq ($13.7B), United States ($17.1B), and Russia ($9.24B).

In 2022, countries that imported more from Norway than Turkey included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Turkey - Norway

Flow
Scale

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

During 2022, Turkey had a large net trade with Norway in the exports of Transportation ($365M), Metals ($91M), and Machines ($83.9M).

During 2017, Norway had a large net trade with Turkey in the exports of Machines ($297M), Mineral Products ($240M), and Metals ($230M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Norway+$40.6MCars
Top Product Potential Norway Turkey+$139MCrude Petroleum

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 Turkey and Norway. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Turkey.

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

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