2022
Exports
$293MWorld Rnk 22 / 128
Flag Rnk 203 / 1213
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$1.09BWorld Rnk 15 / 130
Flag Rnk 57 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $293M in Iron Ore, making it the 22nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 203rd most exported product in Turkey. The main destination of Iron Ore exports from Turkey are: China ($89.3M), Romania ($87.3M), Algeria ($52.1M), France ($23.8M), and Indonesia ($13.5M).

The fastest growing export markets for Iron Ore of Turkey between 2021 and 2022 were France ($14.1M), Algeria ($12.7M), and Bosnia and Herzegovina ($1.9M).

Imports In 2022, Turkey imported $1.09B in Iron Ore, becoming the 15th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 57th most imported product in Turkey. Turkey imports Iron Ore primarily from: Brazil ($363M), Sweden ($295M), South Africa ($150M), India ($84.6M), and Russia ($70.1M).

The fastest growing import markets in Iron Ore for Turkey between 2021 and 2022 were India ($84.6M), Uzbekistan ($35.4M), and Australia ($14.8M).

COMPANIES In 2023, leading companies such as Electrolux (1) were at the forefront of shipping Iron Ore 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 Iron Ore. 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)$293M
IMPORTS (2022)$1.09B
NET TRADE (2022)-$797M

In 2022, Turkey exported $293M in Iron Ore. The main destinations of Turkey exports on Iron Ore were China ($89.3M), Romania ($87.3M), Algeria ($52.1M), France ($23.8M), and Indonesia ($13.5M).

In 2022, Turkey imported $1.09B in Iron Ore, mainly from Brazil ($363M), Sweden ($295M), South Africa ($150M), India ($84.6M), and Russia ($70.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
France$14.1M (144%)
Algeria$12.7M (32.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Turkey WERE (2021 - 2022):
China-$127M (-58.8%)
Serbia-$31.6M (-75.9%)
Vietnam-$16.2M (-71.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Turkey's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $102M
TOP IMPORT POTENTIALBrazil+ $80.8M

Iron Ore’s highest export potential is China. With an export gap of $102M.   Iron Ore’s highest import potential is Brazil with an import gap of $80.8M.

See methodology.

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