Overview In December 2021 Turkey exported $21.2B and imported $27.4B, resulting in a negative trade balance of $6.26B. Between December 2020 and December 2021 the exports of Turkey have increased by $4.23B (25%) from $16.9B to $21.2B, while imports increased by $6.38B (30.3%) from $21B to $27.4B.
Trade In December 2021, the top exports of Turkey were Vehicles ($2.54B), Nuclear reactors, boilers, machinery and mechanical... ($1.8B), Iron and steel ($1.75B), Precious metals, gems and jewelry ($1.07B), and Electrical machinery and equipment and parts... ($1.06B). In December 2021 the top imports of Turkey were Mineral fuels, mineral oils and products... ($6.95B), Nuclear reactors, boilers, machinery and mechanical... ($3.1B), Iron and steel ($2.73B), Electrical machinery and equipment and parts... ($1.76B), and Plastics and articles thereof ($1.69B).
Origins In December 2021 the exports of Turkey were mainly from Ýstanbul ($10.2B), Ýzmir ($1.23B), Kocaeli ($1.16B), Bursa ($1.01B), and Gaziantep ($939M), while imports destinations were mainly Ýstanbul ($12.4B), Gizli Veri ($5.14B), Ankara ($1.38B), Kocaeli ($1.34B), and Ýzmir ($940M).
Destinations In December 2021, Turkey exported mostly to Germany ($1.67B), United States ($1.41B), United Kingdom ($1.3B), Italy ($1.08B), and Iraq ($1.04B), and imported mostly from World ($4.01B), Russia ($3.17B), China ($2.95B), Germany ($1.84B), and United States ($1.34B).
Growth In December 2021, the increase in Turkey's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($260M or 89.6%), United States ($227M or 35.3%), and France ($81.8M or 13.3%), and product exports increase in Precious metals, gems and jewelry ($289M or 54.7%), Nuclear reactors, boilers, machinery and mechanical... ($138M or 10.9%), and Plastics and articles thereof ($56.4M or 11.3%). In December 2021, the increase in Turkey's year-by-year imports was explained primarily by an increase in imports from China ($408M or 23%), France ($208M or 44.8%), and Germany ($170M or 12.9%), and product imports increase in Vehicles ($336M or 43.9%), Iron and steel ($287M or 21.1%), and Nuclear reactors, boilers, machinery and mechanical... ($243M or 13.5%).