Turkey

Overview In September 2024 Turkey exported $20B and imported $25.3B, resulting in a negative trade balance of $5.36B. Between September 2023 and September 2024 the exports of Turkey have decreased by $-411M (-2.02%) from $20.4B to $20B, while imports decreased by $-372M (-1.45%) from $25.7B to $25.3B.

Trade In September 2024, the top exports of Turkey were Cars, tractors, trucks & parts thereof. ($2.77B), Machinery, mechanical appliances, & parts ($1.89B), Electrical machinery and electronics ($1.23B), Precious stones, metals, & pearls ($990M), and Iron & steel ($949M). In September 2024 the top imports of Turkey were Mineral fuels, mineral oils and products... ($4.27B), Machinery, mechanical appliances, & parts ($3.03B), Electrical machinery and electronics ($2.35B), Cars, tractors, trucks & parts thereof. ($2.29B), and Precious stones, metals, & pearls ($1.82B).

Origins In September 2024 the exports of Turkey were mainly from Ýstanbul ($9.78B), Ankara ($1.24B), Ýzmir ($1.17B), Kocaeli ($976M), and Bursa ($969M), while imports destinations were mainly Ýstanbul ($14.8B), Gizli Veri ($2.13B), Kocaeli ($1.3B), Ankara ($1.26B), and Ýzmir ($863M).

Destinations In September 2024, Turkey exported mostly to Germany ($1.54B), United Kingdom ($1.33B), United States ($1.1B), Italy ($984M), and Iraq ($984M), and imported mostly from China ($3.55B), Russia ($3.14B), Germany ($2.32B), United States ($1.34B), and Italy ($1.28B).

Growth In September 2024, the decrease in Turkey's year-by-year exports was explained primarily by an decrease in exports to United Arab Emirates ($-386M or -42.9%), Netherlands ($-115M or -16.2%), and Rest of the world ($-113M or -56.9%), and product exports decrease in Mineral fuels, mineral oils and products... ($-622M or -56.4%), Precious stones, metals, & pearls ($-456M or -31.5%), and Cereals ($-203M or -83.7%). In September 2024, the decrease in Turkey's year-by-year imports was explained primarily by an decrease in imports from Rest of the world ($-955M or -50.4%), United Arab Emirates ($-579M or -49.2%), and Brazil ($-138M or -34.2%), and product imports decrease in Mineral fuels, mineral oils and products... ($-599M or -12.3%), Precious stones, metals, & pearls ($-325M or -15.1%), and Cars, tractors, trucks & parts thereof. ($-215M or -8.6%).