Indo-Türkiye Bilateral Trade Relations

The India-Türkiye economic and commercial cooperation constitutes an important dimension of the bilateral relationship.

The trade volume between two countries reached its pre-pandemic peak in 2018 as 8,7 billion Dollars.

With the outbreak of Covid-19 pandemic, the trade volume between two countries decreased to 5.7 billion Dollars in the end of 2020.

Between 2020-2021 the trade volume between two countries bounced back and reached 9.2 billion Dollars in 2021.

In 2022 bilateral trade volume exceed 12 billion Dollars.

Both countries’ leaders agreed to make efforts for enhancing bilateral trade up to 20 billion Dollars.

The main products exported by India to Türkiye in 2022:

The main products exported by India to Türkiye in 2022 are Mineral fuels, mineral oils, and products of their distillation; bituminous substances.
Iron and steel.
Vehicles other than railway or tramway rolling stock, and parts and accessories.
Nuclear reactors, boilers, machinery, and mechanical appliances parts.
Aluminium and articles.
Organic chemicals.
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television.
Natural or cultured pearls, precious or semi-precious stones, precious metals.
Man-made filaments; strips and the like of man-made textile materials.
Man-made staple fibers.

The main products exported by Türkiye to India in 2022:

Mineral fuels, mineral oils and products of their distillation.
Nuclear reactors, boilers, machinery, and mechanical appliances.
Salt sulfur earth and stone; plastering material.
Natural or cultured pearls, precious or semi-precious stones, and precious metals.
Animal, vegetable, or microbial fats and oils and their cleavage products
Iron and steel
Inorganic chemicals; organic or inorganic compounds of precious metals.
Edible fruit and nuts.
Plastics and articles.
Oil seeds and oleaginous fruit.