2023
Exports
$985kWorld Rnk 43 / 99
Flag Rnk 1036 / 1215
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$276MWorld Rnk 6 / 142
Flag Rnk 214 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $985k in Iron Reductions, making it the 43rd largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 1036th most exported product in Turkey. The main destination of Iron Reductions exports from Turkey are: Saudi Arabia ($825k), United Arab Emirates ($132k), Gambia ($18.4k), Malaysia ($3.6k), and Cyprus ($1.48k).

The fastest growing export markets for Iron Reductions of Turkey between 2022 and 2023 were Saudi Arabia ($307k), United Arab Emirates ($132k), and Gambia ($18.4k).

Imports In 2023, Turkey imported $276M in Iron Reductions, becoming the 6th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 214th most imported product in Turkey. Turkey imports Iron Reductions primarily from: United States ($106M), Russia ($88.9M), Libya ($49.3M), Netherlands ($13M), and Venezuela ($12.4M).

The fastest growing import markets in Iron Reductions for Turkey between 2022 and 2023 were United States ($50.7M), Russia ($22M), and Libya ($18.6M).

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 Reductions. 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)$985k
IMPORTS (2023)$276M
NET TRADE (2023)-$275M

In 2023, Turkey exported $985k in Iron Reductions. The main destinations of Turkey exports on Iron Reductions were Saudi Arabia ($825k), United Arab Emirates ($132k), Gambia ($18.4k), Malaysia ($3.6k), and Cyprus ($1.48k).

In 2023, Turkey imported $276M in Iron Reductions, mainly from United States ($106M), Russia ($88.9M), Libya ($49.3M), Netherlands ($13M), and Venezuela ($12.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Saudi Arabia$307k (59.2%)
Gambia$18.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Turkey WERE (2022 - 2023):
Qatar-$108k (-100%)
Iceland-$35.7k (-100%)
Romania-$24.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14k
TOP IMPORT POTENTIALRussia+ $3.31M

Iron Reductions’s highest export potential is United States. With an export gap of $14k.   Iron Reductions’s highest import potential is Russia with an import gap of $3.31M.

See methodology.

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