Iron & steel in Turkey | The Observatory of Economic Complexity

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Exports In 2022, Turkey exported $15.7B in Iron & steel, making it the 12th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 4th most exported product in Turkey. The main destination of Iron & steel exports from Turkey are: Israel ($1.29B), Italy ($1.09B), Romania ($814M), United States ($719M), and Egypt ($561M).

The fastest growing export markets for Iron & steel of Turkey between 2021 and 2022 were Romania ($203M), Egypt ($183M), and Bulgaria ($172M).

Imports In 2022, Turkey imported $25.6B in Iron & steel, becoming the 5th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 3rd most imported product in Turkey. Turkey imports Iron & steel primarily from: Russia ($4.26B), China ($3.17B), United States ($1.7B), South Korea ($1.29B), and Netherlands ($1.28B).

The fastest growing import markets in Iron & steel for Turkey between 2021 and 2022 were China ($1.19B), South Korea ($235M), and Brazil ($187M).

COMPANIES In 2023, leading companies such as BSH HOME APPLIANCES CORPORATION (13) were at the forefront of shipping Iron & steel from Turkey to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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 Iron & steel. 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

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Trade Value

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Growth (%)

Year

EXPORTS (2022)$15.7B

IMPORTS (2022)$25.6B

NET TRADE (2022)-$9.86B

In 2022, Turkey exported $15.7B in Iron & steel. The main destinations of Turkey exports on Iron & steel were Israel ($1.29B), Italy ($1.09B), Romania ($814M), United States ($719M), and Egypt ($561M).

In 2022, Turkey imported $25.6B in Iron & steel, mainly from Russia ($4.26B), China ($3.17B), United States ($1.7B), South Korea ($1.29B), and Netherlands ($1.28B).

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