2022
Exports
$463MWorld Rnk 22 / 129
Flag Rnk 141 / 1213
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$1.08BWorld Rnk 11 / 172
Flag Rnk 61 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $463M in Ferroalloys, making it the 22nd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 141st most exported product in Turkey. The main destination of Ferroalloys exports from Turkey are: United States ($71.3M), Netherlands ($66.6M), Japan ($61.6M), Italy ($56.7M), and Germany ($34.6M).

The fastest growing export markets for Ferroalloys of Turkey between 2021 and 2022 were United States ($47.7M), Netherlands ($40.4M), and Germany ($23.6M).

Imports In 2022, Turkey imported $1.08B in Ferroalloys, becoming the 11th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 61st most imported product in Turkey. Turkey imports Ferroalloys primarily from: India ($209M), Norway ($194M), China ($143M), Russia ($99.2M), and Georgia ($60M).

The fastest growing import markets in Ferroalloys for Turkey between 2021 and 2022 were China ($110M), Norway ($101M), and India ($100M).

Latest Trends

Sep 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 Ferroalloys. 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)$463M
IMPORTS (2022)$1.08B
NET TRADE (2022)-$613M

In 2022, Turkey exported $463M in Ferroalloys. The main destinations of Turkey exports on Ferroalloys were United States ($71.3M), Netherlands ($66.6M), Japan ($61.6M), Italy ($56.7M), and Germany ($34.6M).

In 2022, Turkey imported $1.08B in Ferroalloys, mainly from India ($209M), Norway ($194M), China ($143M), Russia ($99.2M), and Georgia ($60M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
United States$47.7M (203%)
Netherlands$40.4M (154%)
Germany$23.6M (214%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Turkey WERE (2021 - 2022):
China-$36.9M (-99.7%)
Indonesia-$19M (-100%)
India-$13.2M (-66.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28M
TOP IMPORT POTENTIALIndia+ $42.8M

Ferroalloys’s highest export potential is United States. With an export gap of $28M.   Ferroalloys’s highest import potential is India with an import gap of $42.8M.

See methodology.

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