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2022
Exports $700MWorld Rnk 15 / 144
Flag Rnk 91 / 1213
2022
Destination $372M United States
2021 - 2022
FASTEST GROWING MARKET $372MUnited States
2022
PRODUCT COMPLEXITY IN Silver-0.98Rnk 832 / 1025
2022
Imports $1.95BWorld Rnk 5 / 182
Flag Rnk 28 / 1211
2022
Origin $486M Russia
2021 - 2022
FASTEST GROWING ORIGIN $486MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Turkey0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $700M in Silver, making it the 15th largest exporter of Silver in the world. At the same year, Silver was the 91st most exported product in Turkey. The main destination of Silver exports from Turkey are: United States ($638M), Germany ($14.6M), Singapore ($8.38M), Kuwait ($6.48M), and Italy ($6.22M).

The fastest growing export markets for Silver of Turkey between 2021 and 2022 were United States ($372M), Kuwait ($6.48M), and United Kingdom ($3.8M).

Imports In 2022, Turkey imported $1.95B in Silver, becoming the 5th largest importer of Silver in the world. At the same year, Silver was the 28th most imported product in Turkey. Turkey imports Silver primarily from: Russia ($493M), United Kingdom ($486M), China ($415M), Kazakhstan ($189M), and Switzerland ($136M).

The fastest growing import markets in Silver for Turkey between 2021 and 2022 were United Kingdom ($486M), China ($415M), and Russia ($302M).

Latest Trends

Jul 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 (2022)$700M
IMPORTS (2022)$1.95B
NET TRADE (2022)-$1.25B

In 2022, Turkey exported $700M in Silver. The main destinations of Turkey exports on Silver were United States ($638M), Germany ($14.6M), Singapore ($8.38M), Kuwait ($6.48M), and Italy ($6.22M).

In 2022, Turkey imported $1.95B in Silver, mainly from Russia ($493M), United Kingdom ($486M), China ($415M), Kazakhstan ($189M), and Switzerland ($136M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
United States$372M (140%)
Kuwait$6.48M (1%)
United Kingdom$3.8M (969%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Turkey WERE (2021 - 2022):
Singapore-$43.8M (-83.9%)
Nepal-$10.7M (-100%)
Malaysia-$3.98M (-99.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Silver were:
China $3.75B
United Kingdom $3.2B
Mexico $2.49B
In 2022, Turkey's main importing competitors in Silver were:
United States $5.81B
Canada $3.77B
Hong Kong $2.95B

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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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