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Pricing

2022
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Exports $14.1BRnk 12 / 221
2022
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Top Product $1.4BRefined Petroleum
2022
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Exports $12.6BRnk 5 / 219
2022
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Top Product $957MCars
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.59Rnk 39 / 124
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$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

About

Italy-Turkey In 2022, Italy exported $14.1B to Turkey. The main products that Italy exported to Turkey are Refined Petroleum ($1.4B), Gold ($708M), and Motor vehicles; parts and accessories (8701 to 8705) ($591M). During the last 27 years the exports of Italy to Turkey have increased at an annualized rate of 5.53%, from $3.31B in 1995 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.

Turkey-Italy 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). During the last 27 years the exports of Turkey to Italy have increased at an annualized rate of 7.91%, from $1.61B in 1995 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.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €1.2B and imported €795M from Turkey, resulting in a positive trade balance of €401M. Between December 2022 and December 2023 the exports of Italy have decreased by €-82.7M (-6.46%) from €1.28B to €1.2B, while imports decreased by €-46.2M (-5.49%) from €841M to €795M.

Trade In December 2023, the top exports of Italy to Turkey were Refined Petroleum (€71.5M), Gold (€69.4M), Motor vehicles; parts and accessories (8701... (€33.6M), Jewellery (€32.4M), and Eyewear (€23.2M). In December 2023 the top imports of Italy from Turkey were Cars (€61.3M), Delivery Trucks (€56.9M), Motor vehicles; parts and accessories (8701... (€35.9M), Large Flat-Rolled Stainless Steel (€29.9M), and Tractors (€19.7M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Iron Pipes (€-13.7M or -90.3%), Large Flat-Rolled Stainless Steel (€-12.9M or -88.8%), and Combustion Engines (€-11.2M or -55.9%). In December 2023, the decrease in Italy's year-by-year imports  from Turkey was explained primarily by an decrease in product imports  in Hot-Rolled Iron (€-93.5M or -92.8%), Coated Flat-Rolled Iron (€-58.7M or -88.2%), and Cold-Rolled Iron (€-46.3M or -96.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-82.7M(-6.46%)
IMPORT GROWTH (December 2022 - December 2023)€-46.2M(-5.49%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Turkey and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 27 years the exports of Italy to Turkey have increased at an annualized rate of 5.53%, from $3.31B in 1995 to $14.1B in 2022.

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 27 years the exports of Turkey to Italy have increased at an annualized rate of 7.91%, from $1.61B in 1995 to $12.6B in 2022.

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

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

Market Competitiveness

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

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

In 2021, countries that imported more from Italy than Turkey were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Turkey than Italy were Iraq ($13.7B), Israel ($7B), and Russia ($9.24B).

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

Comparative Advantage Italy - Turkey

Flow
Scale

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

During 2022, Italy had a large net trade with Turkey in the exports of Machines ($4.06B), Mineral Products ($1.51B), and Metals ($1.46B).

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

Service Trade

Bilateral Service Trade

Tur Year

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.

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.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Turkey. Similarly, the more yellow a dot/product is, the more Turkey has comparative advantage over Italy.

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

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