2022
Exports
$2.11MWorld Rnk 34 / 114
Flag Rnk 960 / 1213
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$10.7MWorld Rnk 11 / 172
Flag Rnk 809 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $2.11M in Iron Ingots, making it the 34th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 960th most exported product in Turkey. The main destination of Iron Ingots exports from Turkey are: Mauritania ($1.1M), India ($654k), Italy ($85k), Iran ($79.4k), and Germany ($64.8k).

The fastest growing export markets for Iron Ingots of Turkey between 2021 and 2022 were Mauritania ($1.1M), India ($591k), and Italy ($85k).

Imports In 2022, Turkey imported $10.7M in Iron Ingots, becoming the 11th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 809th most imported product in Turkey. Turkey imports Iron Ingots primarily from: France ($3.41M), Iran ($2.72M), Tunisia ($1.71M), China ($1.1M), and Italy ($822k).

The fastest growing import markets in Iron Ingots for Turkey between 2021 and 2022 were France ($3.41M), Tunisia ($1.71M), and Italy ($715k).

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 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 (2022)$2.11M
IMPORTS (2022)$10.7M
NET TRADE (2022)-$8.61M

In 2022, Turkey exported $2.11M in Iron Ingots. The main destinations of Turkey exports on Iron Ingots were Mauritania ($1.1M), India ($654k), Italy ($85k), Iran ($79.4k), and Germany ($64.8k).

In 2022, Turkey imported $10.7M in Iron Ingots, mainly from France ($3.41M), Iran ($2.72M), Tunisia ($1.71M), China ($1.1M), and Italy ($822k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Mauritania$1.1M (1%)
India$591k (939%)
Italy$85k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Turkey WERE (2021 - 2022):
Guatemala-$17.9M (-100%)
El Salvador-$9.32M (-100%)
Cote d'Ivoire-$102k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Turkey's main importing competitors in Iron Ingots were:

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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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