2022
Exports
$861MWorld Rnk 24 / 224
Flag Rnk 68 / 1213
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$1.42BWorld Rnk 22 / 224
Flag Rnk 42 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $861M in Valves, making it the 24th largest exporter of Valves in the world. At the same year, Valves was the 68th most exported product in Turkey. The main destination of Valves exports from Turkey are: Germany ($90.4M), Russia ($76.4M), Iraq ($62.2M), Egypt ($40.7M), and United States ($35.7M).

The fastest growing export markets for Valves of Turkey between 2021 and 2022 were Russia ($43.4M), Iraq ($8.82M), and Iran ($4.99M).

Imports In 2022, Turkey imported $1.42B in Valves, becoming the 22nd largest importer of Valves in the world. At the same year, Valves was the 42nd most imported product in Turkey. Turkey imports Valves primarily from: Germany ($352M), China ($245M), Italy ($188M), United States ($94.6M), and France ($49M).

The fastest growing import markets in Valves for Turkey between 2021 and 2022 were China ($41.6M), Italy ($37.1M), and United States ($32.4M).

COMPANIES In 2023, leading companies such as Robert Bosch (3) and Ford Motor Company (1) were at the forefront of shipping Valves 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 Valves. 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)$861M
IMPORTS (2022)$1.42B
NET TRADE (2022)-$558M

In 2022, Turkey exported $861M in Valves. The main destinations of Turkey exports on Valves were Germany ($90.4M), Russia ($76.4M), Iraq ($62.2M), Egypt ($40.7M), and United States ($35.7M).

In 2022, Turkey imported $1.42B in Valves, mainly from Germany ($352M), China ($245M), Italy ($188M), United States ($94.6M), and France ($49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Russia$43.4M (132%)
Iraq$8.82M (16.5%)
Iran$4.99M (25.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Turkey WERE (2021 - 2022):
United Arab Emirates-$7.97M (-30.8%)
China-$7.25M (-50.8%)
Azerbaijan-$4.34M (-16.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Valves were:
In 2022, Turkey's main importing competitors in Valves were:

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $54.7M
TOP IMPORT POTENTIALChina+ $131M

Valves’s highest export potential is United States. With an export gap of $54.7M.   Valves’s highest import potential is China with an import gap of $131M.

See methodology.

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