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Trade between Turkey and Ukraine

In 2024, Turkey exported $3.9 billion to Ukraine and imported $2.4 billion. Turkey ran a surplus of $1.5 billion with Ukraine, compared with a deficit of $313 million in 2019. Ukraine was Turkey’s 25th largest trading partner (1% of its trade), and Turkey was Ukraine’s 4th (5%).

Summary

Turkey → Ukraine
$3.9billion
Ukraine → Turkey
$2.4billion
Turkey’s balance
$1.5billion

Balance

Turkey’s trade balance with Ukraine

Trade between Turkey and Ukraine grew 6-fold since 1995

USD billions (current). Turkey’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.9
  • Imports 2.4
  • Balance +1.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$198 million$856 million-$658 million
1996$185 million$735 million-$550 million
1997$255 million$882 million-$627 million
1998$218 million$929 million-$711 million
1999$204 million$733 million-$530 million
2000$219 million$962 million-$743 million
2001$227 million$1.1 billion-$842 million
2002$288 million$1.4 billion-$1.1 billion
2003$399 million$1.2 billion-$764 million
2004$478 million$2.3 billion-$1.8 billion
2005$691 million$2.4 billion-$1.7 billion
2006$935 million$2.7 billion-$1.8 billion
2007$1.2 billion$4.1 billion-$2.9 billion
2008$2.1 billion$5.3 billion-$3.2 billion
2009$1 billion$2.6 billion-$1.5 billion
2010$1.3 billion$3.5 billion-$2.1 billion
2011$1.6 billion$4.2 billion-$2.5 billion
2012$2 billion$4 billion-$2 billion
2013$2.2 billion$4.1 billion-$2 billion
2014$1.6 billion$3.9 billion-$2.3 billion
2015$1 billion$3.1 billion-$2.1 billion
2016$1.2 billion$2.3 billion-$1.1 billion
2017$1.4 billion$2.7 billion-$1.3 billion
2018$1.8 billion$2.5 billion-$755 million
2019$2.4 billion$2.7 billion-$313 million
2020$2.4 billion$2.6 billion-$203 million
2021$3.1 billion$4.3 billion-$1.2 billion
2022$3.4 billion$3.7 billion-$291 million
2023$4.1 billion$3 billion$1.1 billion
2024$3.9 billion$2.4 billion$1.5 billion

What they sell each other

What Turkey sells to Ukraine

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$598 million · 15.4%
    606 thousand tonnes · Turkey’s destinations
  2. Hot-rolled flat steel$170 million · 4.4%
    259 thousand tonnes
  3. Coated flat steel$169 million · 4.4%
    199 thousand tonnes
  4. Citrus fruit$157 million · 4%
    165 thousand tonnes
  5. Generating sets$101 million · 2.6%
    13 thousand tonnes
  6. Sunflower seeds$79 million · 2%
    9 thousand tonnes
  7. Tomatoes$76 million · 2%
    73 thousand tonnes
  8. Other knitted fabric$73 million · 1.9%
    18 thousand tonnes
  9. Auto parts$70 million · 1.8%
    8 thousand tonnes · Turkey’s destinations
  10. 4 thousand tonnes

What Ukraine sells to Turkey

The top 10 headings in 2024, with their share of the total.

  1. Corn$568 million · 23.7%
    3.3 million tonnes · Ukraine’s destinations
  2. 517 thousand tonnes
  3. Soybeans$289 million · 12.1%
    682 thousand tonnes · Ukraine’s destinations
  4. Wheat$147 million · 6.1%
    755 thousand tonnes · Ukraine’s destinations
  5. Iron ore$119 million · 5%
    948 thousand tonnes · Ukraine’s destinations
  6. Semi-finished steel$106 million · 4.4%
    213 thousand tonnes
  7. Meal from other oilseeds$87 million · 3.7%
    380 thousand tonnes
  8. Sawn wood$86 million · 3.6%
    324 thousand tonnes
  9. 125 thousand tonnes
  10. Pig iron$42 million · 1.8%
    102 thousand tonnes

How it travels

Estimated sea route from Istanbul to Odesa.

The estimated sea route between Istanbul and Odesa is 357 nautical miles (662 km) long: ≈ 1 day at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$6.1 billion · 96.4%
  2. Air$228 million · 3.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Ukraine was Turkey’s 25th largest trading partner (1% of its trade), and Turkey was Ukraine’s 4th (5%).

Ukraine in Turkey’s trade
1.1%
Ukraine’s rank among Turkey’s partners
25th
Turkey in Ukraine’s trade
5.4%
Turkey’s rank among Ukraine’s partners
4th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.