2023
Exports
$18.8BWorld Rnk 17 / 221
Flag Rnk 6 / 21
2023
PRODUCT COMPLEXITY IN Precious Metals
0.86Rnk 225 / 1025
2023
Imports
$35BWorld Rnk 8 / 223
Flag Rnk 5 / 21
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $18.8B in Precious Metals, making it the 17th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 6th most exported product in Turkey. The main destination of Precious Metals exports from Turkey are: United Arab Emirates ($11.5B), Iraq ($1.58B), United States ($1.21B), Hong Kong ($556M), and Libya ($392M).

The fastest growing export markets for Precious Metals of Turkey between 2022 and 2023 were United Arab Emirates ($6.23B), Switzerland ($262M), and United Kingdom ($98M).

Imports In 2018, Turkey imported $35B in Precious Metals, becoming the 8th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 5th most imported product in Turkey. Turkey imports Precious Metals primarily from: Switzerland ($17.2B), United Arab Emirates ($11.7B), Italy ($1.34B), Hong Kong ($646M), and Ghana ($492M).

The fastest growing import markets in Precious Metals for Turkey between 2022 and 2023 were United Arab Emirates ($8.19B), Switzerland ($4.09B), and Hong Kong ($584M).

COMPANIES In 2023, leading companies such as Emser Tile (1) were at the forefront of shipping Precious Metals from Turkey to the United States.

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 Precious Metals. 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)$18.8B
IMPORTS (2023)$35B
NET TRADE (2023)-$16.2B

In 2023, Turkey exported $18.8B in Precious Metals. The main destinations of Turkey exports on Precious Metals were United Arab Emirates ($11.5B), Iraq ($1.58B), United States ($1.21B), Hong Kong ($556M), and Libya ($392M).

In 2023, Turkey imported $35B in Precious Metals, mainly from Switzerland ($17.2B), United Arab Emirates ($11.7B), Italy ($1.34B), Hong Kong ($646M), and Ghana ($492M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Switzerland$262M (203%)
United Kingdom$98M (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Turkey WERE (2022 - 2023):
United States-$208M (-14.7%)
Iraq-$140M (-8.16%)
Lebanon-$111M (-86.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Precious Metals were:
In 2023, Turkey's main importing competitors in Precious Metals were:

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $212M
TOP IMPORT POTENTIALUnited States+ $367M

Precious Metals’s highest export potential is United States. With an export gap of $212M.   Precious Metals’s highest import potential is United States with an import gap of $367M.

See methodology.

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