2023
Exports
$1.7MWorld Rnk 41 / 107
Flag Rnk 984 / 1215
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$3.69MWorld Rnk 29 / 175
Flag Rnk 961 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $1.7M in Iron Ingots, making it the 41st largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 984th most exported product in Turkey. The main destination of Iron Ingots exports from Turkey are: India ($761k), Germany ($603k), South Africa ($112k), Georgia ($48.6k), and United Arab Emirates ($40.6k).

The fastest growing export markets for Iron Ingots of Turkey between 2022 and 2023 were Germany ($520k), South Africa ($112k), and India ($108k).

Imports In 2023, Turkey imported $3.69M in Iron Ingots, becoming the 29th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 961st most imported product in Turkey. Turkey imports Iron Ingots primarily from: Italy ($1.09M), China ($1.06M), Spain ($900k), Belgium ($287k), and Germany ($125k).

The fastest growing import markets in Iron Ingots for Turkey between 2022 and 2023 were Italy ($302k), Belgium ($287k), and Spain ($259k).

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 Iron Ingots. 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)$1.7M
IMPORTS (2023)$3.69M
NET TRADE (2023)-$2M

In 2023, Turkey exported $1.7M in Iron Ingots. The main destinations of Turkey exports on Iron Ingots were India ($761k), Germany ($603k), South Africa ($112k), Georgia ($48.6k), and United Arab Emirates ($40.6k).

In 2023, Turkey imported $3.69M in Iron Ingots, mainly from Italy ($1.09M), China ($1.06M), Spain ($900k), Belgium ($287k), and Germany ($125k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Germany$520k (627%)
South Africa$112k (1%)
India$108k (16.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Turkey WERE (2022 - 2023):
Mauritania-$1.16M (-96.8%)
Iran-$103k (-100%)
Italy-$87.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Turkey's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $105k
TOP IMPORT POTENTIALIran+ $835k

Iron Ingots’s highest export potential is Italy. With an export gap of $105k.   Iron Ingots’s highest import potential is Iran with an import gap of $835k.

See methodology.

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