Iran-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $5.24B total volume •Iran deficit: $882.09M
Iran → Türkiye
$2.18B
Exports (2023)
Türkiye → Iran
$3.06B
Imports (2023)
Trade Balance
$882.09M
Deficit for Iran
Total Trade
$5.24B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Iran and Türkiye. Green line shows exports from Iran, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Iran-Türkiye commercial relationship and competitive positioning in global markets.
Iran → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Iran's export portfolio to Türkiye demonstrates strategic specialization, with aluminium: unwrought, (not alloyed) representing a key competitive advantage in this bilateral market.
Türkiye → Iran Imports
Import Dependency Profile
📦 Import Strategy Analysis
Iran's import pattern from Türkiye reveals strategic sourcingin cereals: maize (corn), other than seed, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Iran demonstrates competitive strength in exportingaluminium: unwrought, (not alloyed) to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $5.24B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Iran-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $5.24 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Iran maintains a deficit of $882.09 million
- Export Focus: Iran's primary exports include aluminium: unwrought, (not alloyed), zinc: unwrought, (not alloyed), containing by weight less than 99.99% of zinc, ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more
- Import Dependencies: Key imports from Türkiye include cereals: maize (corn), other than seed, oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, paper and paperboard: coated, impregnated or covered with plastics (excluding adhesives), other than bleached and weighing more than 150g/m2, other than goods of heading no. 4803, 4809, or 4810
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $5.24B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Iran leveraging its comparative advantages in aluminium: unwrought, (not alloyed).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Iran's specialization in aluminium: unwrought, (not alloyed)complements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cereals: maize (corn), other than seed.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $5.24B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $5.24B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $5.24 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in aluminium: unwrought, (not alloyed) and cereals: maize (corn), other than seed demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Iran's trade deficit of $882.09 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Iran and Türkiye represents a total trade volume of $5.24 billion in 2023. This partnership demonstrates an unfavorable trade balance for Iran, with imports exceeding exportsby $882.09 million.
Export Strengths
Iran's exports to Türkiye total $2.18 billion, with competitive advantages in aluminium: unwrought, (not alloyed), representing $373.53M or17.1% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $3.06 billion, highlighting economic interdependence in cereals: maize (corn), other than seed, with Cereals: maize (corn), other than seed comprising7.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Iran's strategic sourcing from Türkiye. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Iran and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023