2022
Exports
$1.29BWorld Rnk 48 / 176
Flag Rnk 44 / 1213
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$19BWorld Rnk 7 / 178
Flag Rnk 1 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $1.29B in Gold, making it the 48th largest exporter of Gold in the world. At the same year, Gold was the 44th most exported product in Turkey. The main destination of Gold exports from Turkey are: United Arab Emirates ($422M), United States ($221M), India ($178M), Switzerland ($118M), and Hong Kong ($51.2M).

The fastest growing export markets for Gold of Turkey between 2021 and 2022 were India ($170M), United States ($100M), and Hong Kong ($51.2M).

Imports In 2022, Turkey imported $19B in Gold, becoming the 7th largest importer of Gold in the world. At the same year, Gold was the 1st most imported product in Turkey. Turkey imports Gold primarily from: Switzerland ($11.1B), United Arab Emirates ($3.41B), Italy ($708M), United Kingdom ($669M), and South Africa ($567M).

The fastest growing import markets in Gold for Turkey between 2021 and 2022 were Switzerland ($10.4B), United Arab Emirates ($1.89B), and Italy ($693M).

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 Gold. 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)$1.29B
IMPORTS (2022)$19B
NET TRADE (2022)-$17.7B

In 2022, Turkey exported $1.29B in Gold. The main destinations of Turkey exports on Gold were United Arab Emirates ($422M), United States ($221M), India ($178M), Switzerland ($118M), and Hong Kong ($51.2M).

In 2022, Turkey imported $19B in Gold, mainly from Switzerland ($11.1B), United Arab Emirates ($3.41B), Italy ($708M), United Kingdom ($669M), and South Africa ($567M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
India$170M (1.94k%)
United States$100M (82.6%)
Hong Kong$51.2M (117k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Turkey WERE (2021 - 2022):
United Arab Emirates-$1.66B (-79.8%)
United Kingdom-$978M (-100%)
Mauritania-$369M (-91.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $162M
TOP IMPORT POTENTIALUnited Kingdom+ $313M

Gold’s highest export potential is India. With an export gap of $162M.   Gold’s highest import potential is United Kingdom with an import gap of $313M.

See methodology.

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