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Turkey is the 27th largest export economy in the world and the 52nd most complex economy according to the Economic Complexity Index (ECI). In 2017, Turkey exported $166B and imported $214B, resulting in a negative trade balance of $48.6B. In 2017 the GDP of Turkey was $851B and its GDP per capita was $26.5k.

The top exports of Turkey are Cars ($13.2B), Gold ($6.96B), Delivery Trucks ($5.04B), Vehicle Parts ($4.64B) and Jewellery ($3.39B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Gold ($17.1B), Refined Petroleum ($9.8B), Cars ($8.78B), Vehicle Parts ($6.34B) and Scrap Iron ($5.84B).

The top export destinations of Turkey are Germany ($17.4B), the United Kingdom ($10.1B), Italy ($9.4B), the United Arab Emirates ($9.2B) and Iraq ($9.1B). The top import origins are China ($23B), Germany ($22.5B), Russia ($13.2B), Italy ($11.4B) and the United States ($11.3B).

Turkey borders Armenia, Azerbaijan, Georgia, Iran, Iraq, Syria, Bulgaria and Greece by land and Egypt, Cyprus, Romania, Russia and Ukraine by sea.

Economic Complexity of Turkey

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