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2022
Flag → Flag
Exports $12.6BRnk 5 / 219
2022
Flag → Flag
Top Product $957MCars
2022
Flag → Flag
Exports $14.1BRnk 12 / 221
2022
Flag → Flag
Top Product $1.4BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Turkey-Italy Trade: In 2022, Turkey exported $12.6B to Italy. The main products that Turkey exported to Italy were Cars ($957M), Delivery Trucks ($678M), and Refined Petroleum ($476M). Over the past 5 years the exports of Turkey to Italy have increased at an annualized rate of 6.81%, from $9.06B in 2017 to $12.6B in 2022.

In 2009, Turkey exported services to Italy worth $401M, with Travel ($382M), Other business services ($17.6M), and Insurance services ($1.03M) being the largest in terms of value.

Italy-Turkey Trade: In 2022, Italy exported $14.1B to Turkey. The main products that Italy exported to Turkey were Refined Petroleum ($1.4B), Gold ($708M), and Motor vehicles; parts and accessories (8701 to 8705) ($591M). Over the past 5 years the exports of Italy to Turkey have increased at an annualized rate of 4.29%,  from $11.5B in 2017 to $14.1B in 2022.

In 2020, Italy exported services to Turkey worth $575M, with Transportation ($192M), Other business services ($129M), and Travel ($70M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $12.6B to Italy. The main products exported from Turkey to Italy were Cars ($957M), Delivery Trucks ($678M), and Refined Petroleum ($476M). During the last 5 years the exports of Turkey to Italy have increased at an annualized rate of 6.81%, from $9.06B in 2017 to $12.6B in 2022.

In 2017, Italy exported $14.1B to Turkey. The main products exported from Italy to Turkey were Refined Petroleum ($1.4B), Gold ($708M), and Motor vehicles; parts and accessories (8701 to 8705) ($591M). During the last 5 years the exports of Italy to Turkey have increased at an annualized rate of 4.29%, from $11.5B in 2022 to $14.1B in 2017.

Exports from Turkey (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Turkey (Flag) (2022)

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Italy
Top DestinationGermany$78.5B

This map shows whether countries import more from Turkey or Italy. Each country is colored based on the difference in imports they receive from Turkey and Italy or the difference in the growth in imports.

In 2022, countries that imported more from Turkey than Italy included Iraq ($13.7B), Israel ($7B), and Russia ($9.24B).

In 2022, countries that imported more from Italy than Turkey included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

Difference in imports from Italy (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - Italy

Flow
Scale

This chart compares trade between Turkey and Italy by product, considering products traded by both, Turkey and Italy.

During 2022, Turkey had a large net trade with Italy in the exports of Transportation ($2.6B), Metals ($2.46B), and Textiles ($1.89B).

During 2017, Italy had a large net trade with Turkey in the exports of Machines ($4.06B), Mineral Products ($1.51B), and Metals ($1.46B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Italy+$286MCars
Top Product Potential Italy Turkey+$242MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Tur Year

In 2009, Turkey exported services to Italy worth $401M, with Travel ($382M), Other business services ($17.6M), and Insurance services ($1.03M) being the largest in terms of value.

In 2020, Italy exported services to Turkey worth $575M, with Transportation ($192M), Other business services ($129M), and Travel ($70M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey (Flag) to Italy (Flag) (2009)

Services Exports from Italy (Flag) to Turkey (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Turkey and Italy. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Turkey.

Product Space of Turkey (Flag) and Italy (Flag) (2022)

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