Turkey (TUR) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Turkey-Vietnam Trade: In 2022, Turkey exported $382M to Vietnam. The main products that Turkey exported to Vietnam were Non-fillet Frozen Fish ($36.3M), Carbonates ($20.6M), and Packaged Medicaments ($15.1M). Over the past 5 years the exports of Turkey to Vietnam have increased at an annualized rate of 6.55%, from $278M in 2017 to $382M in 2022.

In 2022, Turkey did not export any services to Vietnam.

Vietnam-Turkey In N/A, Vietnam did not export any products to Turkey.

In 2022, Vietnam did not export any services to Turkey.

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $382M to Vietnam. The main products exported from Turkey to Vietnam were Non-fillet Frozen Fish ($36.3M), Carbonates ($20.6M), and Packaged Medicaments ($15.1M). During the last 5 years the exports of Turkey to Vietnam have increased at an annualized rate of 6.55%, from $278M in 2017 to $382M in 2022.

Vietnam does not register exports to Turkey. The main products exported from Vietnam to Turkey were Broadcasting Equipment ($273M), Telephones ($149M), and Semiconductor Devices ($139M).

Exports from Turkey () to Vietnam () (2022)

Exports from Vietnam () to Turkey () (2022)

Latest Data

Trade between Turkey () and Vietnam ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Turkey than Vietnam included Iraq ($13.7B), Germany ($21.9B), and Russia ($9.24B).

In 2022, countries that imported more from Vietnam than Turkey included United States ($117B), China ($58.7B), and Japan ($25B).

Difference in imports from Vietnam () and Turkey () (2022)

Comparative Advantage Turkey - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Vietnam in the exports of Chemical Products ($71M), Textiles ($67.5M), and Machines ($67.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Vietnam+$23MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Vietnam Turkey+$241MTelephones

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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Vietnam () (2022)

Exports from Vietnam () to Turkey () (2022)

Latest Data

Trade between Turkey () and Vietnam ()

Turkey Exports

Market Competitiveness

Difference in imports from Vietnam () and Turkey () (2022)

Comparative Advantage Turkey - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Vietnam () (2022)

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