2023
Exports
$50.4MWorld Rnk 17 / 168
Flag Rnk 498 / 1215
2023
PRODUCT COMPLEXITY IN Iron Nails
-0.52Rnk 709 / 1025
2023
Imports
$9.9MWorld Rnk 53 / 220
Flag Rnk 830 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $50.4M in Iron Nails, making it the 17th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 498th most exported product in Turkey. The main destination of Iron Nails exports from Turkey are: United States ($28.1M), Bulgaria ($2.61M), Israel ($2.05M), Italy ($1.64M), and Spain ($1.5M).

The fastest growing export markets for Iron Nails of Turkey between 2022 and 2023 were Morocco ($252k), Democratic Republic of the Congo ($189k), and Albania ($90.5k).

Imports In 2023, Turkey imported $9.9M in Iron Nails, becoming the 53rd largest importer of Iron Nails in the world. At the same year, Iron Nails was the 830th most imported product in Turkey. Turkey imports Iron Nails primarily from: China ($4.4M), Sweden ($1.19M), France ($1.03M), Germany ($937k), and Switzerland ($502k).

The fastest growing import markets in Iron Nails for Turkey between 2022 and 2023 were Switzerland ($475k), Spain ($375k), and France ($358k).

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 Nails. 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)$50.4M
IMPORTS (2023)$9.9M
NET TRADE (2023)$40.5M

In 2023, Turkey exported $50.4M in Iron Nails. The main destinations of Turkey exports on Iron Nails were United States ($28.1M), Bulgaria ($2.61M), Israel ($2.05M), Italy ($1.64M), and Spain ($1.5M).

In 2023, Turkey imported $9.9M in Iron Nails, mainly from China ($4.4M), Sweden ($1.19M), France ($1.03M), Germany ($937k), and Switzerland ($502k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Morocco$252k (27.2%)
Albania$90.5k (66.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Turkey WERE (2022 - 2023):
United States-$57.1M (-67%)
Canada-$5.97M (-90.5%)
Israel-$5.64M (-73.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Iron Nails were:
China $1.33B
In 2023, Turkey's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.82M
TOP IMPORT POTENTIALChina+ $2.7M

Iron Nails’s highest export potential is Germany. With an export gap of $1.82M.   Iron Nails’s highest import potential is China with an import gap of $2.7M.

See methodology.

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