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2022
Flag → Flag
Exports $1.82BRnk 29 / 152
2022
Flag → Flag
Top Product $273MBroadcasting Equipment
2022
Flag → Flag
Exports $382MRnk 88 / 219
2022
Flag → Flag
Top Product $36.3MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
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

Vietnam-Turkey Trade: In 2022, Vietnam exported $1.82B to Turkey. The main products that Vietnam exported to Turkey were Broadcasting Equipment ($273M), Telephones ($149M), and Semiconductor Devices ($139M). Over the past 5 years the exports of Vietnam to Turkey have decreased at an annualized rate of 5.25%, from $2.39B in 2017 to $1.82B in 2022.

In 2022, Vietnam did not export any services to Turkey.

Turkey-Vietnam Trade: In 2022, Turkey exported $382M to Vietnam. The main products that Turkey exported to Vietnam were Non-fillet Frozen Fish ($36.3M), Carbonates ($20.6M), and Packaged Medicaments ($15.1M). Over the past 5 years the exports of Turkey to Vietnam have increased at an annualized rate of 6.55%,  from $278M in 2017 to $382M in 2022.

In 2022, Turkey did not export any services to Vietnam.

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $1.82B to Turkey. The main products exported from Vietnam to Turkey were Broadcasting Equipment ($273M), Telephones ($149M), and Semiconductor Devices ($139M). During the last 5 years the exports of Vietnam to Turkey have decreased at an annualized rate of 5.25%, from $2.39B in 2017 to $1.82B in 2022.

In 2017, Turkey exported $382M to Vietnam. The main products exported from Turkey to Vietnam were Non-fillet Frozen Fish ($36.3M), Carbonates ($20.6M), and Packaged Medicaments ($15.1M). During the last 5 years the exports of Turkey to Vietnam have increased at an annualized rate of 6.55%, from $278M in 2022 to $382M in 2017.

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

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

Latest Data

Trade between Vietnam (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Vietnam than Turkey included United States ($117B), China ($58.7B), and Japan ($25B).

In 2022, countries that imported more from Turkey than Vietnam included Iraq ($13.7B), Germany ($21.9B), and Russia ($9.24B).

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

Comparative Advantage Vietnam - Turkey

Flow
Scale

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

During 2022, Vietnam had a large net trade with Turkey in the exports of Machines ($909M), Textiles ($223M), and Footwear and Headwear ($137M).

During 2017, Turkey had a large net trade with Vietnam in the exports of Chemical Products ($71M), Textiles ($67.5M), and Machines ($67.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Turkey+$241MTelephones
Top Product Potential Turkey Vietnam+$23MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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