2022
Exports
$15.7BWorld Rnk 12 / 223
Flag Rnk 4 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$25.6BWorld Rnk 5 / 225
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $15.7B in Iron & steel, making it the 12th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 4th most exported product in Turkey. The main destination of Iron & steel exports from Turkey are: Israel ($1.29B), Italy ($1.09B), Romania ($814M), United States ($719M), and Egypt ($561M).

The fastest growing export markets for Iron & steel of Turkey between 2021 and 2022 were Romania ($203M), Egypt ($183M), and Bulgaria ($172M).

Imports In 2022, Turkey imported $25.6B in Iron & steel, becoming the 5th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 3rd most imported product in Turkey. Turkey imports Iron & steel primarily from: Russia ($4.26B), China ($3.17B), United States ($1.7B), South Korea ($1.29B), and Netherlands ($1.28B).

The fastest growing import markets in Iron & steel for Turkey between 2021 and 2022 were China ($1.19B), South Korea ($235M), and Brazil ($187M).

COMPANIES In 2023, leading companies such as Emser Tile (1) and BSH Home Appliances (1) were at the forefront of shipping Iron & steel 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 & steel. 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)$15.7B
IMPORTS (2022)$25.6B
NET TRADE (2022)-$9.86B

In 2022, Turkey exported $15.7B in Iron & steel. The main destinations of Turkey exports on Iron & steel were Israel ($1.29B), Italy ($1.09B), Romania ($814M), United States ($719M), and Egypt ($561M).

In 2022, Turkey imported $25.6B in Iron & steel, mainly from Russia ($4.26B), China ($3.17B), United States ($1.7B), South Korea ($1.29B), and Netherlands ($1.28B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Romania$203M (33.3%)
Egypt$183M (48.4%)
Bulgaria$172M (53%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Turkey WERE (2021 - 2022):
Spain-$785M (-59%)
Singapore-$375M (-69.1%)
Belgium-$358M (-59.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Turkey's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $280M
TOP IMPORT POTENTIALGermany+ $333M

Iron & steel’s highest export potential is United States. With an export gap of $280M.   Iron & steel’s highest import potential is Germany with an import gap of $333M.

See methodology.

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