2022
Exports
$3.72BWorld Rnk 12 / 222
Flag Rnk 8 / 1213
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$1.33BWorld Rnk 32 / 225
Flag Rnk 44 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $3.72B in Insulated Wire, making it the 12th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 8th most exported product in Turkey. The main destination of Insulated Wire exports from Turkey are: United Kingdom ($751M), Germany ($370M), Israel ($206M), Iraq ($190M), and United States ($129M).

The fastest growing export markets for Insulated Wire of Turkey between 2021 and 2022 were Germany ($91.3M), Israel ($47.7M), and Netherlands ($40.8M).

Imports In 2022, Turkey imported $1.33B in Insulated Wire, becoming the 32nd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 44th most imported product in Turkey. Turkey imports Insulated Wire primarily from: China ($208M), Bulgaria ($152M), Germany ($140M), Norway ($102M), and France ($82.7M).

The fastest growing import markets in Insulated Wire for Turkey between 2021 and 2022 were Norway ($101M), France ($47.1M), and Germany ($46.4M).

COMPANIES In 2023, leading companies such as H&M Clothing (1) and Helly Hansen (1) were at the forefront of shipping Insulated Wire from Turkey to the United States.

Latest Trends

Aug 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 Insulated Wire. 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)$3.72B
IMPORTS (2022)$1.33B
NET TRADE (2022)$2.39B

In 2022, Turkey exported $3.72B in Insulated Wire. The main destinations of Turkey exports on Insulated Wire were United Kingdom ($751M), Germany ($370M), Israel ($206M), Iraq ($190M), and United States ($129M).

In 2022, Turkey imported $1.33B in Insulated Wire, mainly from China ($208M), Bulgaria ($152M), Germany ($140M), Norway ($102M), and France ($82.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Germany$91.3M (32.8%)
Israel$47.7M (30.2%)
Netherlands$40.8M (66.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Turkey WERE (2021 - 2022):
United Kingdom-$84.6M (-10.1%)
Turkmenistan-$10.2M (-17.3%)
Uzbekistan-$10.1M (-33.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $159M
TOP IMPORT POTENTIALChina+ $131M

Insulated Wire’s highest export potential is Germany. With an export gap of $159M.   Insulated Wire’s highest import potential is China with an import gap of $131M.

See methodology.

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