2023
Exports
$10.3BWorld Rnk 14 / 167
Flag Rnk 2 / 1215
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$30.1BWorld Rnk 7 / 174
Flag Rnk 1 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $10.3B in Gold, making it the 14th largest exporter of Gold in the world. At the same year, Gold was the 2nd most exported product in Turkey. The main destination of Gold exports from Turkey are: United Arab Emirates ($8.96B), Switzerland ($325M), Iraq ($225M), India ($173M), and United Kingdom ($103M).

The fastest growing export markets for Gold of Turkey between 2022 and 2023 were United Arab Emirates ($6.02B), Switzerland ($231M), and Iraq ($225M).

Imports In 2023, Turkey imported $30.1B 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 ($16.8B), United Arab Emirates ($9.61B), Hong Kong ($566M), Ghana ($492M), and United Kingdom ($325M).

The fastest growing import markets in Gold for Turkey between 2022 and 2023 were United Arab Emirates ($6.35B), Switzerland ($3.89B), and Hong Kong ($506M).

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 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 (2023)$10.3B
IMPORTS (2023)$30.1B
NET TRADE (2023)-$19.8B

In 2023, Turkey exported $10.3B in Gold. The main destinations of Turkey exports on Gold were United Arab Emirates ($8.96B), Switzerland ($325M), Iraq ($225M), India ($173M), and United Kingdom ($103M).

In 2023, Turkey imported $30.1B in Gold, mainly from Switzerland ($16.8B), United Arab Emirates ($9.61B), Hong Kong ($566M), Ghana ($492M), and United Kingdom ($325M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Switzerland$231M (245%)
Iraq$225M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Turkey WERE (2022 - 2023):
Lebanon-$100M (-96.1%)
Hong Kong-$45.3M (-88.5%)
Mauritania-$32.6M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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