2023
Exports
$561MWorld Rnk 17 / 136
Flag Rnk 117 / 1215
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2023
Imports
$1.18BWorld Rnk 7 / 179
Flag Rnk 58 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $561M in Silver, making it the 17th largest exporter of Silver in the world. At the same year, Silver was the 117th most exported product in Turkey. The main destination of Silver exports from Turkey are: United Arab Emirates ($226M), United States ($223M), Switzerland ($48.4M), Germany ($16.4M), and India ($6.28M).

The fastest growing export markets for Silver of Turkey between 2022 and 2023 were United Arab Emirates ($225M), Switzerland ($48M), and Hong Kong ($4.42M).

Imports In 2023, Turkey imported $1.18B in Silver, becoming the 7th largest importer of Silver in the world. At the same year, Silver was the 58th most imported product in Turkey. Turkey imports Silver primarily from: Switzerland ($363M), United Arab Emirates ($249M), China ($150M), Russia ($70.9M), and Chinese Taipei ($53.9M).

The fastest growing import markets in Silver for Turkey between 2022 and 2023 were United Arab Emirates ($245M), Switzerland ($194M), and Belgium ($35.7M).

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 Silver. 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)$561M
IMPORTS (2023)$1.18B
NET TRADE (2023)-$617M

In 2023, Turkey exported $561M in Silver. The main destinations of Turkey exports on Silver were United Arab Emirates ($226M), United States ($223M), Switzerland ($48.4M), Germany ($16.4M), and India ($6.28M).

In 2023, Turkey imported $1.18B in Silver, mainly from Switzerland ($363M), United Arab Emirates ($249M), China ($150M), Russia ($70.9M), and Chinese Taipei ($53.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
United Arab Emirates$225M (35.6k%)
Switzerland$48M (14.1k%)
Hong Kong$4.42M (1.86k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Turkey WERE (2022 - 2023):
United States-$76.3M (-25.5%)
Kuwait-$17M (-100%)
Singapore-$3.37M (-40.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $14.2M
TOP IMPORT POTENTIALSwitzerland+ $19.6M

Silver’s highest export potential is Germany. With an export gap of $14.2M.   Silver’s highest import potential is Switzerland with an import gap of $19.6M.

See methodology.

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