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Pricing

2022
Flag → Flag
Exports $1.04BRnk 52 / 219
2022
Flag → Flag
Top Product $113MHand-Woven Rugs
2022
Flag → Flag
Exports $3.83BRnk 24 / 138
2022
Flag → Flag
Top Product $1.26BPropylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Turkey-Saudi Arabia Trade: In 2022, Turkey exported $1.04B to Saudi Arabia. The main products that Turkey exported to Saudi Arabia were Hand-Woven Rugs ($113M), Refined Petroleum ($83.3M), and Building Stone ($79.5M). Over the past 5 years the exports of Turkey to Saudi Arabia have decreased at an annualized rate of 19.6%, from $3.09B in 2017 to $1.04B in 2022.

In 2022, Turkey did not export any services to Saudi Arabia.

Saudi Arabia-Turkey Trade: In 2022, Saudi Arabia exported $3.83B to Turkey. The main products that Saudi Arabia exported to Turkey were Propylene Polymers ($1.26B), Ethylene Polymers ($759M), and Refined Petroleum ($332M). Over the past 5 years the exports of Saudi Arabia to Turkey have increased at an annualized rate of 10.5%,  from $2.32B in 2017 to $3.83B in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $1.04B to Saudi Arabia. The main products exported from Turkey to Saudi Arabia were Hand-Woven Rugs ($113M), Refined Petroleum ($83.3M), and Building Stone ($79.5M). During the last 5 years the exports of Turkey to Saudi Arabia have decreased at an annualized rate of 19.6%, from $3.09B in 2017 to $1.04B in 2022.

In 2017, Saudi Arabia exported $3.83B to Turkey. The main products exported from Saudi Arabia to Turkey were Propylene Polymers ($1.26B), Ethylene Polymers ($759M), and Refined Petroleum ($332M). During the last 5 years the exports of Saudi Arabia to Turkey have increased at an annualized rate of 10.5%, from $2.32B in 2022 to $3.83B in 2017.

Exports from Turkey (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Turkey (Flag) (2022)

Latest Data

Trade between Turkey (Flag) and Saudi Arabia (Flag)

Turkey Exports

Saudi Arabia Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Turkey than Saudi Arabia included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

In 2022, countries that imported more from Saudi Arabia than Turkey included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - Saudi Arabia

Flow
Scale

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

During 2022, Turkey had a large net trade with Saudi Arabia in the exports of Textiles ($209M), Machines ($148M), and Mineral Products ($93.4M).

During 2017, Saudi Arabia had a large net trade with Turkey in the exports of Plastics and Rubbers ($2.39B), Chemical Products ($832M), and Mineral Products ($332M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Saudi Arabia+$74.6MRefined Petroleum
Top Product Potential Saudi Arabia Turkey+$342MRefined 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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Economic Complexity

Competitive Landscape

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

Product Space of Turkey (Flag) and Saudi Arabia (Flag) (2022)

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