Imports to Turkey jumped 9.7 percent from a year ago to USD 17.74 billion in November 2019. Purchases of intermediate goods, which accounted for 77.2 percent of total imports, rose 11.2 percent, and those of capital goods and consumption goods increased 2.4 percent and 9.3 percent, respectively. Among major trading partners, imports advanced from Russia (13.0 percent), China (27.4 percent), Germany (5.7 percent), Switzerland (251.0 percent), France (22.9 percent), South Korea (13.5 percent), and Spain (12.4 percent). Imports from the UK were unchanged while falls were seen in purchases from the US (-26.3 percent), Italy (-8.7 percent), and India (-3.6 percent). Imports in Turkey averaged 5000.08 USD Million from 1957 until 2019, reaching an all time high of 23245.30 USD Million in May of 2013 and a record low of 15 USD Million in August of 1958. source: Turkish Statistical Institute
Imports in Turkey is expected to be 17100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Turkey to stand at 17400.00 in 12 months time. In the long-term, the Turkey Imports is projected to trend around 18100.00 USD Million in 2020, according to our econometric models.
Turkey Imports
In 2017, Turkey's main imports were: machinery and transport equipment (31 percent of total imports), of which road vehicles (7 percent) and electrical machinery, apparatus and appliances (6 percent); manufactured goods (16 percent), of which iron and steel (5 percent); mineral fuels, lubricants and related materials (16 percent), of which petroleum and petroleum products (4 percent); chemicals and related products (13 percent), of which plastics (4 percent); gold, non-monetary (7 percent); crude materials, inedible, except fuels (7 percent); miscellaneous manufactured articles (6 percent); and food and live animals (4 percent). The country's main imports' sources were: China (10 percent of total imports); Germany (9 percent); Russia (8 percent); the US and Italy (5 percent each); France, Iran, Switzerland, South Korea, the UK, Spain and India (3 percent each).