Turkey
258M €
Exports
2023
2004 January2024 July
151M €
Imports
2023
2004 January2024 July
Turkey is the 16th largest export partner of Estonia. In 2023, Estonia's exports to Turkey amounted to €258M and imports from Turkey to €151M, resulting in positive trade balance of €107M.
Exports
2023
In 2023, Estonia's exports to Turkey amounted to €258M, making it the 16th largest export partner in the world. Compared to the previous year, exports from Estonia to Turkey experienced growth at an annualized rate of 17.3%, from €220M in 2022 to €258M in 2023. Most recently, exports were led by ferrous waste and scrap, which represent 45.6% of the total exports to Turkey, followed by barley, which account for 4.31%.
Imports
2023
In 2023, Estonia's imports from Turkey ammounted to €151M, making it the 21st largest import partner in the world. Compared to the previous year, imports from Turkey to Estonia experienced decline at an annualized rate of 19%, from €187M in 2022 to €151M in 2023. Most recently, imports were led by electrical transformers, which represent 14.4% of the total imports from Turkey, followed by small iron and closed steel pipes, which account for 14.4%.
Trade Balance
As of 2024 July, Estonia had negative trade balance of €30.3M with Turkey. In 2023 July, it had positive trade balance of €15.6M.
