2022
Exports
$86.5MWorld Rnk 15 / 179
Flag Rnk 398 / 1213
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$190MWorld Rnk 13 / 211
Flag Rnk 266 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $86.5M in Compasses, making it the 15th largest exporter of Compasses in the world. At the same year, Compasses was the 398th most exported product in Turkey. The main destination of Compasses exports from Turkey are: Pakistan ($30.8M), United Arab Emirates ($8.55M), France ($7.23M), Indonesia ($5.42M), and Spain ($2.84M).

The fastest growing export markets for Compasses of Turkey between 2021 and 2022 were Pakistan ($30M), Philippines ($1.51M), and Italy ($1.51M).

Imports In 2022, Turkey imported $190M in Compasses, becoming the 13th largest importer of Compasses in the world. At the same year, Compasses was the 266th most imported product in Turkey. Turkey imports Compasses primarily from: United States ($62.3M), France ($33.7M), United Kingdom ($30.8M), Italy ($9.83M), and Japan ($7.6M).

The fastest growing import markets in Compasses for Turkey between 2021 and 2022 were United States ($8.82M), Italy ($7.82M), and Singapore ($5.19M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Compasses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$86.5M
IMPORTS (2022)$190M
NET TRADE (2022)-$103M

In 2022, Turkey exported $86.5M in Compasses. The main destinations of Turkey exports on Compasses were Pakistan ($30.8M), United Arab Emirates ($8.55M), France ($7.23M), Indonesia ($5.42M), and Spain ($2.84M).

In 2022, Turkey imported $190M in Compasses, mainly from United States ($62.3M), France ($33.7M), United Kingdom ($30.8M), Italy ($9.83M), and Japan ($7.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Pakistan$30M (3.58k%)
Philippines$1.51M (101k%)
Italy$1.51M (797%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Turkey WERE (2021 - 2022):
France-$2.15M (-23%)
United Arab Emirates-$1.75M (-17%)
Norway-$399k (-74.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Compasses were:
In 2022, Turkey's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.45M
TOP IMPORT POTENTIALGermany+ $3.77M

Compasses’s highest export potential is United States. With an export gap of $3.45M.   Compasses’s highest import potential is Germany with an import gap of $3.77M.

See methodology.

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