2022
Exports
$385MWorld Rnk 27 / 226
Flag Rnk 63 / 96
2022
PRODUCT COMPLEXITY IN Tools & cutlery
1.7Rnk 24 / 1025
2022
Imports
$819MWorld Rnk 26 / 225
Flag Rnk 43 / 96
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $385M in Tools & cutlery, making it the 27th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 63rd most exported product in Turkey. The main destination of Tools & cutlery exports from Turkey are: Germany ($75M), Russia ($52.3M), United States ($22.2M), Iraq ($11.9M), and United Kingdom ($11M).

The fastest growing export markets for Tools & cutlery of Turkey between 2021 and 2022 were Russia ($22.4M), Netherlands ($5.07M), and United Kingdom ($4.63M).

Imports In 2022, Turkey imported $819M in Tools & cutlery, becoming the 26th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 43rd most imported product in Turkey. Turkey imports Tools & cutlery primarily from: China ($198M), Germany ($189M), Italy ($57.4M), Poland ($50.4M), and South Korea ($41.8M).

The fastest growing import markets in Tools & cutlery for Turkey between 2021 and 2022 were China ($46.2M), Germany ($23M), and Poland ($11.6M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (3), GE RENEWABLES NORTH AMERICA LLC (2), and The Tile Shop (1) were at the forefront of shipping Tools & cutlery from Turkey to the United States.

Latest Trends

Oct 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 Tools & cutlery. 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)$385M
IMPORTS (2022)$819M
NET TRADE (2022)-$434M

In 2022, Turkey exported $385M in Tools & cutlery. The main destinations of Turkey exports on Tools & cutlery were Germany ($75M), Russia ($52.3M), United States ($22.2M), Iraq ($11.9M), and United Kingdom ($11M).

In 2022, Turkey imported $819M in Tools & cutlery, mainly from China ($198M), Germany ($189M), Italy ($57.4M), Poland ($50.4M), and South Korea ($41.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Russia$22.4M (75%)
Netherlands$5.07M (94.7%)
United Kingdom$4.63M (72.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Turkey WERE (2021 - 2022):
Italy-$7.74M (-52.8%)
Czechia-$4.5M (-79.2%)
Japan-$3.06M (-90.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Tools & cutlery were:
In 2022, Turkey's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.2M
TOP IMPORT POTENTIALChina+ $68.3M

Tools & cutlery’s highest export potential is United States. With an export gap of $24.2M.   Tools & cutlery’s highest import potential is China with an import gap of $68.3M.

See methodology.

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