Turkey

Overview In August 2024 Turkey exported $19.9B and imported $25.3B, resulting in a negative trade balance of $5.41B. Between August 2023 and August 2024 the exports of Turkey have increased by $478M (2.46%) from $19.4B to $19.9B, while imports decreased by $-3B (-10.6%) from $28.3B to $25.3B.

Trade In August 2024, the top exports of Turkey were Cars, tractors, trucks & parts thereof. ($2.15B), Machinery, mechanical appliances, & parts ($1.93B), Precious stones, metals, & pearls ($1.4B), Electrical machinery and electronics ($1.27B), and Knitted clothing accesories ($897M). In August 2024 the top imports of Turkey were Mineral fuels, mineral oils and products... ($4.82B), Machinery, mechanical appliances, & parts ($2.8B), Cars, tractors, trucks & parts thereof. ($2.25B), Electrical machinery and electronics ($1.99B), and Iron & steel ($1.94B).

Origins In August 2024 the exports of Turkey were mainly from Ýstanbul ($9.63B), Ýzmir ($1.22B), Ankara ($1.15B), Kocaeli ($1.12B), and Bursa ($896M), while imports destinations were mainly Ýstanbul ($14.4B), Gizli Veri ($2.65B), Kocaeli ($1.32B), Ankara ($1.26B), and Ýzmir ($860M).

Destinations In August 2024, Turkey exported mostly to Germany ($1.53B), United Kingdom ($1.2B), United States ($1.18B), Iraq ($956M), and United Arab Emirates ($929M), and imported mostly from China ($3.75B), Russia ($3.37B), Germany ($1.89B), Rest of the world ($1.34B), and Italy ($1.23B).

Growth In August 2024, the increase in Turkey's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($351M or 60.8%), United Kingdom ($209M or 21.1%), and Romania ($147M or 28.9%), and product exports increase in Precious stones, metals, & pearls ($375M or 36.4%), Weapons ($164M or 202%), and Electrical machinery and electronics ($141M or 12.5%). In August 2024, the decrease in Turkey's year-by-year imports was explained primarily by an decrease in imports from United Arab Emirates ($-1.37B or -69.2%), Switzerland ($-744M or -52.2%), and Germany ($-487M or -20.5%), and product imports decrease in Precious stones, metals, & pearls ($-1.78B or -51%), Cars, tractors, trucks & parts thereof. ($-549M or -19.6%), and Machinery, mechanical appliances, & parts ($-452M or -13.9%).