Turkey Imports

Imports to Turkey plunged 15.1 percent from a year earlier to USD 17.5 billion in April 2019. Purchases of intermediate goods, which accounted for 80.2 percent of total imports, declined 9.8 percent; and those of capital and consumption goods slumped 25.9 percent and 37.8 percent, respectively. Among major trading partners, imports declined primarily from Russia (-1.6 percent), China (-18.1 percent), Germany (-26.5 percent), the US (-14.7 percent), Italy (-23.6 percent), France (-20.3 percent), India (-18.8 percent), Iran (-37.8 percent), the UK (-14.6 percent), South Korea (-27.8 percent). In contrast, they increased from the UAE (12.8 percent). Imports in Turkey averaged 4890.18 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.

Imports in Turkey is expected to be 16500.00 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 17100.00 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.

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Turkey Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-2982.01	-2153.16	24.51	-10453.06	USD Million	[+]
Current Account	-1334.00	-613.00	2630.00	-9407.00	USD Million	[+]
Current Account to GDP	-3.50	-5.60	1.90	-8.90	percent	[+]
Imports	17461.95	17621.60	23245.30	15.00	USD Million	[+]
Exports	14479.94	15468.44	15678.00	7.10	USD Million	[+]
External Debt	444878.00	448452.00	466657.00	43911.00	USD Million	[+]
Terms of Trade	100.43	100.96	147.63	93.96	Index Points	[+]
Capital Flows	-2418.00	4460.00	9186.00	-6814.00	USD Million	[+]
Foreign Direct Investment	13200.00	10900.00	22046.00	1800.00	USD Million	[+]
Remittances	15.00	15.00	574.00	15.00	USD Million	[+]
Tourism Revenues	1685.00	1359.00	4947.00	79.00	USD Million	[+]
Tourist Arrivals	3293176.00	2232358.00	5671801.00	213998.00		[+]
Gold Reserves	261.10	253.50	261.10	116.10	Tonnes	[+]
Terrorism Index	7.04	7.52	7.52	4.62		[+]
Weapons Sales	364.00	245.00	364.00	3.00	USD Million	[+]
Crude Oil Production	55.00	54.00	72.00	38.00	BBL/D/1K	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

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). This page provides the latest reported value for - Turkey Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Imports - actual data, historical chart and calendar of releases - was last updated on June of 2019.