Turkey
256M €
Exports
2023
2004 January2024 September
151M €
Imports
2023
2004 January2024 September
Turkey is the 16th largest export partner of Estonia. In 2023, Estonia's exports to Turkey amounted to €256M and imports from Turkey to €151M, resulting in positive trade balance of €105M.
Exports
2023
In 2023, Estonia's exports to Turkey amounted to €256M, 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 16.5%, from €220M in 2022 to €256M in 2023. Most recently, exports were led by ferrous waste and scrap, which represent 45.7% of the total exports to Turkey, followed by barley, which account for 4.34%.
Imports
2023
In 2023, Estonia's imports from Turkey ammounted to €151M, making it the 22nd largest import partner in the world. Compared to the previous year, imports from Turkey to Estonia experienced decline at an annualized rate of 19.3%, from €187M in 2022 to €151M in 2023. Most recently, imports were led by electrical transformers, which represent 14.1% of the total imports from Turkey, followed by small iron and closed steel pipes, which account for 14.1%.
Trade Balance
As of 2024 September, Estonia had negative trade balance of €4.46M with Turkey. In 2023 September, it had positive trade balance of €8.84M.
