2023
Exports
$225MWorld Rnk 25 / 127
Flag Rnk 238 / 1215
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2023
Imports
$997MWorld Rnk 15 / 125
Flag Rnk 64 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $225M in Iron Ore, making it the 25th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 238th most exported product in Turkey. The main destination of Iron Ore exports from Turkey are: China ($122M), Romania ($50.7M), Algeria ($30M), Poland ($5.3M), and Serbia ($5.27M).

The fastest growing export markets for Iron Ore of Turkey between 2022 and 2023 were China ($24.6M), Poland ($5.3M), and Germany ($684k).

Imports In 2023, Turkey imported $997M in Iron Ore, becoming the 15th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 64th most imported product in Turkey. Turkey imports Iron Ore primarily from: Brazil ($526M), Sweden ($234M), South Africa ($109M), Russia ($40.7M), and Ukraine ($29M).

The fastest growing import markets in Iron Ore for Turkey between 2022 and 2023 were Brazil ($91.1M), United States ($23.6M), and Romania ($23.4M).

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

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$225M
IMPORTS (2023)$997M
NET TRADE (2023)-$772M

In 2023, Turkey exported $225M in Iron Ore. The main destinations of Turkey exports on Iron Ore were China ($122M), Romania ($50.7M), Algeria ($30M), Poland ($5.3M), and Serbia ($5.27M).

In 2023, Turkey imported $997M in Iron Ore, mainly from Brazil ($526M), Sweden ($234M), South Africa ($109M), Russia ($40.7M), and Ukraine ($29M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
China$24.6M (25.2%)
Poland$5.3M (17.7M%)
Germany$684k (263%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Turkey WERE (2022 - 2023):
Romania-$53.9M (-51.5%)
France-$24.1M (-83.6%)
Algeria-$22.1M (-42.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Turkey's main exporting competitors in Iron Ore were:
In 2023, Turkey's main importing competitors in Iron Ore were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with