In 2020, the total value of Turkey's imports was equivalent to USD 2,600 per person.
Turkey is a major importer country in the world. Its total import value in 2020 was USD 219 billion.
With a population of about 84.2 million in 2020, Turkey’s total imports in 2020 were valued at around USD 2,600 per person.
Turkey's major import commodities are chemicals, fuel, machinery, and semi-finished goods.
Exim’s custom import-export trade data is an effective and powerful tool that helps you find new and active suppliers & buyers for your services and products in overseas markets across the globe.
The custom import-export data that Exim provides is based on bills of entry such as Invoices, Port Bills, Shipping Bills, and other essential documents needed for trade across foreign countries.
Total Import-Export Value of Turkey According To Turkey Trade Statistics
● The total import value of Turkey in 2019 was $227.9 billion, a decline of 6.55% from 2018.
● The total import value of Turkey in 2020 was $232.77 billion, an increase of 2.1% from 2019.
● The total export value of Turkey in 2019 was $249.30 billion, an increase of 2.64% from 2018.
● The total export value of Turkey in 2020 was $205.73 billion, a decline of 17.48% from 2019.
Trade Balance
● The trade balance of Turkey in 2019 was $21.32 billion, a decline of 2089.37% from 2018.
● The trade balance of Turkey in 2020 was $-27.05 billion, a decline of 226.86% from 2019.
Trade To GDP Ratio
● The trade to GDP ratio of Turkey for 2017 was 55.76%, an increase of 7.43% from 2016.
● The trade to GDP ratio of Turkey for 2018 was 62.55%, an increase of 6.79% from 2017.
● The trade to GDP ratio of Turkey for 2019 was 62.68%, an increase of 0.14% from 2018.
● The trade to GDP ratio of Turkey for 2020 was 60.89%, a decline of 1.79% from 2019.
What Are Turkey’s Major Exports?
The market research reports and market analysis of Turkey show that Vehicles $22.1 billion (13%), Electrical Machinery & Equipment $9.3 billion (5.5%), Machinery & Computers $16.8 billion (9.9%), Steel & Iron $8.8 billion (5.2%), Fruits & Nuts $4.8 billion (2.9%), Articles of Steel & Iron $6.4 billion (3.8%), Knit or Crochet Clothing & Accessories $8.4 billion (4.9%), Precious Metals & Gems $6.7 billion (3.9%), Plastics & Articles of Plastics $7 billion (4.1%), and Not-Knit or Crochet Clothing & Accessories $6.6 billion (3.9%) were the major exported products of Turkey according to Turkey export products list.
What Are the Major Export Partners of Turkey?
Based on Turkey import-export data 2020, Germany $15.9 billion (9.41%), United Kingdom $11.2 billion (6.62%), United States of America $10.1 billion (6%), Iraq $9.14 billion (5.38%), Italy $8.08 billion (4.76%), France $7.2 billion (4.24%), Spain $6.68 billion (3.94%), Netherlands $5.19 billion (3.06%), Israel $4.7 billion (2.77%), and Russia $4.5 billion (2.65%) were the major export partners of Turkey as per Turkey exports by country 2020.
The custom import-export trade data we provide help you evaluate the real-time overall trade activities of the various foreign countries across the globe.
For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.
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