Turkey

Overview In November 2024 Turkey exported $20.6B and imported $28.5B, resulting in a negative trade balance of $7.86B. Between November 2023 and November 2024 the exports of Turkey have decreased by $-396M (-1.89%) from $21B to $20.6B, while imports increased by $982M (3.58%) from $27.5B to $28.5B.

Trade In November 2024, the top exports of Turkey were Cars, tractors, trucks & parts thereof. ($2.74B), Machinery, mechanical appliances, & parts ($1.88B), Electrical machinery and electronics ($1.26B), Precious stones, metals, & pearls ($1.19B), and Knitted clothing accesories ($859M). In November 2024 the top imports of Turkey were Mineral fuels, mineral oils and products... ($5.37B), Precious stones, metals, & pearls ($3.18B), Machinery, mechanical appliances, & parts ($2.93B), Cars, tractors, trucks & parts thereof. ($2.78B), and Electrical machinery and electronics ($2.17B).

Origins In November 2024 the exports of Turkey were mainly from Ýstanbul ($10.2B), Ýzmir ($1.22B), Ankara ($1.13B), Kocaeli ($1.08B), and Bursa ($1.01B), while imports destinations were mainly Ýstanbul ($16B), Gizli Veri ($3.16B), Ankara ($1.63B), Kocaeli ($1.32B), and Ýzmir ($902M).

Destinations In November 2024, Turkey exported mostly to Germany ($1.55B), United Kingdom ($1.33B), United States ($1.28B), Italy ($1.16B), and Iraq ($935M), and imported mostly from Russia ($3.81B), China ($3.52B), Germany ($2.18B), Italy ($1.85B), and Rest of the world ($1.73B).

Growth In November 2024, the decrease in Turkey's year-by-year exports was explained primarily by an decrease in exports to United Arab Emirates ($-734M or -55.3%), Iraq ($-177M or -15.9%), and Iran ($-142M or -40.7%), and product exports decrease in Precious stones, metals, & pearls ($-678M or -36.3%), Mineral fuels, mineral oils and products... ($-350M or -30.4%), and Cereals ($-164M or -74.6%). In November 2024, the increase in Turkey's year-by-year imports was explained primarily by an increase in imports from Italy ($697M or 60.4%), Switzerland ($241M or 22%), and Russia ($225M or 6.28%), and product imports increase in Precious stones, metals, & pearls ($452M or 16.6%), Iron & steel ($391M or 22.8%), and Mineral fuels, mineral oils and products... ($249M or 4.86%).