Bilateral Trade between Türkiye and the EU: An Analysis on Trade Indicators

The aim of the study is to analyze the bilateral trade between Türkiye and the European Union (EU). In the study, foreign trade data of 97 product groups with 2-digit Harmonized System (HS) obtained from the Trade Map (2024) database for the period 2001-2022 were analyzed. Trade Complementarity Index (TCI), Trade Intensity Index (TII), Revealed Comparative Advantage (RCA) and Bilateral Revealed Comparative Advantage (BRCA) indices were used to analyze these data. The study reveals that trade complementarity between Türkiye and the EU is high. Türkiye and the EU are found to have trade intensity and competitive advantage in different products in general. Therefore, bilateral trade is complementary rather than competitive. Türkiye's bilateral trade with the EU is characterized by high trade intensity and competitiveness, especially in textile and clothing products.