Imports to Turkey tumbled 28.3 percent from a year earlier to USD 16.6 billion in December 2018. Purchases of intermediate goods accounted for 73.8 percent of total imports in December and dropped 24.8 percent from a year earlier. Additionally, imports fell for both capital (-34.9 percent) and consumption goods (-38.5 percent). Among major trading partners, imports dropped mainly from Russia (-5.2 percent), Germany (-21.5 percent), China (-39.1 percent), the US (-14.3 percent), Italy (-28 percent), India (-16.9 percent), France (-50.3 percent), the UK (-46.1 percent), South Korea (-42.4 percent) and Iran (-20.5 percent). Considering 2018 full year, imports fell 4.6 percent to USD 223.0 billion. Imports in Turkey averaged 4811.35 USD Million from 1957 until 2018, 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.
Imports in Turkey is expected to be 17800.00 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 14600.00 in 12 months time. In the long-term, the Turkey Imports is projected to trend around 20100.00 USD Million in 2020, according to our econometric models.