2022
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GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 186
2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$10,616CURRENT US$
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2012-2022
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GDP PC GROWTH
-9.24%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Turkey-South Korea In 2022, Turkey exported $1.07B to South Korea. The main products that Turkey exported to South Korea are Vaccines, blood, antisera, toxins and cultures ($429M), Engine Parts ($42.6M), and Fish Fillets ($31M). During the last 27 years the exports of Turkey to South Korea have increased at an annualized rate of 8.81%, from $110M in 1995 to $1.07B in 2022.

In 2014, Turkey exported services to South Korea worth $2.79M, with Insurance services ($2.79M) being the largest in terms of value.

South Korea-Turkey In 2022, South Korea exported $8.42B to Turkey. The main products that South Korea exported to Turkey were Polycarboxylic Acids ($690M), Vaccines, blood, antisera, toxins and cultures ($498M), and Motor vehicles; parts and accessories (8701 to 8705) ($349M). During the last 27 years the exports of South Korea to Turkey have increased at an annualized rate of 10.1%, from $632M in 1995 to $8.42B in 2022.

In 2005, South Korea exported services to Turkey worth $186M, with Transportation ($161M), Other business services ($18.9M), and Travel ($10.6M) being the largest in terms of value.

Comparison In 2022,  Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $1.07B to South Korea. The main products exported from Turkey to South Korea were Vaccines, blood, antisera, toxins and cultures ($429M), Engine Parts ($42.6M), and Fish Fillets ($31M). During the last 27 years the exports of Turkey to South Korea have increased at an annualized rate of 8.81%, from $110M in 1995 to $1.07B in 2022.

In 2022, South Korea exported $8.42B to Turkey. The main products exported from South Korea to Turkey were Polycarboxylic Acids ($690M), Vaccines, blood, antisera, toxins and cultures ($498M), and Motor vehicles; parts and accessories (8701 to 8705) ($349M). During the last 27 years the exports of South Korea to Turkey have increased at an annualized rate of 10.1%, from $632M in 1995 to $8.42B in 2022.

Exports from Turkey (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Turkey (Flag) (2022)

Latest Data

Trade between Turkey (Flag) and South Korea (Flag)

Turkey Exports

South Korea Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$21.9B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Turkey than South Korea were Iraq ($13.7B), Germany ($21.9B), and Romania ($7.88B).

In 2021, countries that imported more from South Korea than Turkey were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - South Korea

Flow
Scale

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

During 2022, Turkey had a large net trade with South Korea in the exports of Chemical Products ($476M), Machines ($128M), and Metals ($89.8M).

During 2022, South Korea had a large net trade with Turkey in the exports of Metals ($1.75B), Chemical Products ($1.73B), and Plastics and Rubbers ($1.69B).

Service Trade

Bilateral Service Trade

In 2014, Turkey exported services to South Korea worth $2.79M, with Insurance services ($2.79M) being the largest in terms of value.

In 2005, South Korea exported services to Turkey worth $186M, with Transportation ($161M), Other business services ($18.9M), and Travel ($10.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey (Flag) to South Korea (Flag) (2014)

Services Exports from South Korea (Flag) to Turkey (Flag) (2005)

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 Turkey has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Turkey.

Product Space of Turkey (Flag) and South Korea (Flag) (2022)

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