2023
Exports
$321MWorld Rnk 25 / 126
Flag Rnk 188 / 1215
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$853MWorld Rnk 11 / 171
Flag Rnk 73 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $321M in Ferroalloys, making it the 25th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 188th most exported product in Turkey. The main destination of Ferroalloys exports from Turkey are: United States ($62.6M), Japan ($50.6M), Germany ($36.8M), Slovenia ($28.9M), and Netherlands ($25.8M).

The fastest growing export markets for Ferroalloys of Turkey between 2022 and 2023 were Slovenia ($17.4M), Russia ($16.2M), and United Arab Emirates ($919k).

Imports In 2023, Turkey imported $853M in Ferroalloys, becoming the 11th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 73rd most imported product in Turkey. Turkey imports Ferroalloys primarily from: India ($167M), Norway ($99.4M), Russia ($87.1M), China ($61.3M), and Iran ($52.2M).

The fastest growing import markets in Ferroalloys for Turkey between 2022 and 2023 were Ukraine ($16.5M), Poland ($8.38M), and Brazil ($8.36M).

Latest Trends

Dec 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 (2023)$321M
IMPORTS (2023)$853M
NET TRADE (2023)-$532M

In 2023, Turkey exported $321M in Ferroalloys. The main destinations of Turkey exports on Ferroalloys were United States ($62.6M), Japan ($50.6M), Germany ($36.8M), Slovenia ($28.9M), and Netherlands ($25.8M).

In 2023, Turkey imported $853M in Ferroalloys, mainly from India ($167M), Norway ($99.4M), Russia ($87.1M), China ($61.3M), and Iran ($52.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Slovenia$17.4M (151%)
Russia$16.2M (334%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Turkey WERE (2022 - 2023):
Netherlands-$32.2M (-55.6%)
United States-$23.3M (-27.1%)
Japan-$16.1M (-24.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Ferroalloys were:
In 2023, 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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