2022
Exports
$42MWorld Rnk 26 / 182
Flag Rnk 535 / 1213
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$114MWorld Rnk 25 / 216
Flag Rnk 347 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $42M in Electromagnets, making it the 26th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 535th most exported product in Turkey. The main destination of Electromagnets exports from Turkey are: Hungary ($13.3M), Germany ($7.43M), China ($5.4M), Mexico ($5.38M), and South Korea ($1.38M).

The fastest growing export markets for Electromagnets of Turkey between 2021 and 2022 were Germany ($5.54M), Hungary ($4.98M), and China ($3.57M).

Imports In 2022, Turkey imported $114M in Electromagnets, becoming the 25th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 347th most imported product in Turkey. Turkey imports Electromagnets primarily from: China ($57.5M), Germany ($20.2M), Italy ($10.9M), France ($4.92M), and United Kingdom ($4.28M).

The fastest growing import markets in Electromagnets for Turkey between 2021 and 2022 were China ($19.4M), Germany ($2.51M), and Netherlands ($1.31M).

COMPANIES In 2023, leading companies such as Robert Bosch (1) were at the forefront of shipping Electromagnets from Turkey to the United States.

Latest Trends

Jul 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 Electromagnets. 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)$42M
IMPORTS (2022)$114M
NET TRADE (2022)-$71.5M

In 2022, Turkey exported $42M in Electromagnets. The main destinations of Turkey exports on Electromagnets were Hungary ($13.3M), Germany ($7.43M), China ($5.4M), Mexico ($5.38M), and South Korea ($1.38M).

In 2022, Turkey imported $114M in Electromagnets, mainly from China ($57.5M), Germany ($20.2M), Italy ($10.9M), France ($4.92M), and United Kingdom ($4.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Germany$5.54M (293%)
Hungary$4.98M (59.9%)
China$3.57M (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Turkey WERE (2021 - 2022):
Iran-$229k (-50.8%)
Spain-$178k (-62.8%)
Uzbekistan-$70.9k (-42.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Turkey's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.56M
TOP IMPORT POTENTIALChina+ $15.3M

Electromagnets’s highest export potential is Germany. With an export gap of $3.56M.   Electromagnets’s highest import potential is China with an import gap of $15.3M.

See methodology.

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