Turkey All Relevant Import and Export Statistics that you Must Know

As per Import Export Data Provider, the import dependence of Turkey has risen considerably as a result of the openness of domestic markets. Between July 2021 to July 2022 the exports of Turkey have increased by $1.43B from $1.56B to $17B, while the imports increased by $6.77B from $19.8B to $26.8B.

As per the Turkey Export Data, the main exports of Turkey are vehicles, machinery, iron & steel, apparel and clothing and electronics. The top exporting countries are Germany, United States, United Kingdom, and Italy.

As per Turkey Import Data, the main imports of the country are mineral fuels, mineral oils, and products, iron and steel, nuclear reactors, boilers, machinery and mechanical, precious metals, gems and jewellery and electrical machinery and equipment parts.

The main import partners are China, Russia, Germany, United States and Italy. The value of Turkey’s automotive exports to EU countries reached nearly $19 billion. The country has become one of the most popular production centres for many international car brands.

Turkish automotive exports rose from 16% to $26.4 billion in the first 11 months of 2021. In 2020, the country exported $ 10.1B in cars, making it the 16^th largest exporter of cars in the world. In the same year cars was the first most exported product in Turkey.

The main destination of cars exports from Turkey are France, Italy, Germany, United Kingdom and Spain. Machinery is the second largest sector in Turkey’s export. In 2021, Turkey’s machinery exports reached $23 billion.

The top partners for Turkey export machinery include Germany, United Kingdom, France, Italy and United States. In 2020, Turkey imported $275M in Steam boilers, becoming second largest importer of steam boilers in the world.

The country is majorly dependent on imports to meet its energy needs with Russia being the large source for years. The country’s share in Turkey’s energy imports, despite posting a long decline rose in 2021.

Russia’s share of country’s natural gas imports was 33% in 2019 and 2020 declining from more than 60% in 2005. The country imports from India of machinery, nuclear reactors, boilers of the value US$642.13 million in 2021.

The gold imports of Turkey shot up nearly 550% as inflation. Gold imports to Turkey valued at approximately 5.5 billion US dollars. It imported gold from China, Russia, Germany, and United States.

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Created on Oct 15th 2022 00:36. Viewed 132 times.

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