2022
Exports
$10.8BWorld Rnk 8 / 226
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$3.64BWorld Rnk 34 / 225
Flag Rnk 19 / 96
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $10.8B in Iron or steel articles, making it the 8th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most exported product in Turkey. The main destination of Iron or steel articles exports from Turkey are: Germany ($1.13B), United States ($759M), United Kingdom ($712M), Romania ($594M), and Iraq ($543M).

The fastest growing export markets for Iron or steel articles of Turkey between 2021 and 2022 were United States ($344M), Germany ($202M), and Italy ($87.8M).

Imports In 2022, Turkey imported $3.64B in Iron or steel articles, becoming the 34th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 19th most imported product in Turkey. Turkey imports Iron or steel articles primarily from: China ($916M), Germany ($544M), Italy ($472M), Russia ($202M), and France ($151M).

The fastest growing import markets in Iron or steel articles for Turkey between 2021 and 2022 were China ($299M), Italy ($140M), and Russia ($64.7M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (43), Jo-Ann Stores (22), and Electrolux (13) were at the forefront of shipping Iron or steel articles from Turkey to the United States.

Latest Trends

Sep 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 or steel articles. 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)$10.8B
IMPORTS (2022)$3.64B
NET TRADE (2022)$7.19B

In 2022, Turkey exported $10.8B in Iron or steel articles. The main destinations of Turkey exports on Iron or steel articles were Germany ($1.13B), United States ($759M), United Kingdom ($712M), Romania ($594M), and Iraq ($543M).

In 2022, Turkey imported $3.64B in Iron or steel articles, mainly from China ($916M), Germany ($544M), Italy ($472M), Russia ($202M), and France ($151M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
United States$344M (82.7%)
Germany$202M (21.7%)
Italy$87.8M (26.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Turkey WERE (2021 - 2022):
Ukraine-$65.9M (-58.5%)
Belgium-$39M (-17%)
China-$38.2M (-47.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Turkey's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $378M
TOP IMPORT POTENTIALChina+ $320M

Iron or steel articles’s highest export potential is United States. With an export gap of $378M.   Iron or steel articles’s highest import potential is China with an import gap of $320M.

See methodology.

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