Exports from Turkey inched up 0.2 percent from a year earlier to USD 13.9 billion in December 2018, as sales of manufactured products, which accounted for 92.9 percent of total shipments, increased 1 percent. Meanwhile, exports of agriculture, hunting and forestry went down 10.5 percent, and those of mining and quarrying fell 9.2 percent. Among major trading partners, exports increased mainly to the UK (8.2 percent), Spain (0.9 percent), the Netherlands (9.6 percent), Israel (2.3 percent) and Belgium (23.3 percent). On the other hand, exports declined to Germany (-7.7 percent), Italy (-3.8 percent), Iraq (-7.6 percent), the US (-0.3 percent) and France (-5.4 percent). Considering 2018 full year, exports rose 7 percent to USD 168.0 billion. Exports in Turkey averaged 3107.29 USD Million from 1957 until 2018, reaching an all time high of 15691.72 USD Million in October of 2018 and a record low of 7.10 USD Million in August of 1958.
Exports in Turkey is expected to be 17200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Turkey to stand at 14200.00 in 12 months time. In the long-term, the Turkey Exports is projected to trend around 20200.00 USD Million in 2020, according to our econometric models.