Turkey’s Exports Recorded a Hit Of $17.6 Billion At The Start Of 2022

 Turkey has made a floating start to 2022 as the exports of Turkey hit a record high in Jan 2022 with a total exports value of $17.6 billion. International trade sales increased by 17.6% Y-O-Y to $17.6 billion, an all-time monthly high according to Turkey import-export data.

The minister said the increase in the acceleration of production in last year has helped maintain its pace in 2022. However, due to the rising energy prices and unexpectedly winter conditions, Turkey's imports spiked 55.2% to $28 billion in Jan 2022.

Turkey import and export data shows that Turkey’s energy imports accounted for $9 billion. As of Jan 2022, Turkey’s trade deficit has increased 240.7% Y-O-Y  to 10.44 billion.

The foreign trade volume of Turkey has increased by 38% to 45.6 billion in January 2022 compared to 2021. Turkey’s exports increased nearly 33% Y-OY to an all-time high of $225.4 billion last year.

While the overall international trade volume of Turkey leaped to $496.7 billion, Turkey’s imports jumped up to 23.6% Y-OY to approximately $271.4 billion.

Data of Turkey imports suggest that Turkey”s exports value might hit around $250 billion by the end of 2022.

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Exim offers world-class on-point global trade market analysis reports and customs trade data. The data allow you to track and monitor the supply and demand of your product and services in the world trade market.

You can also track the performance of your services and products based on the demand and consumption on a global level and form your business strategy accordingly offering you more business opportunities for your global trade business.

Turkey’s Major Imports

In 2020, Turkey imported goods worth $219.4 billion from all around the globe, an increase of 10.5% from 2016 and an increase of 9.3% from 2019.

Turkey import and export data 2019 show that products such as Mineral Oils & Fuels, Machinery & Computers, Vehicles, Precious Metals & Gems, Electrical Machinery & Equipment, Plastics & Articles of Plastics, Steel & Iron, Pharmaceuticals, Organic Chemicals, and Technical, Optical & Medical apparatus were the top imports of Turkey.

Commodity	Value in USD ($)	Total Share in %
Mineral Oils & Fuels	$28.9 billion	13.2%
Gems & Precious Metals	$26.6 billion	12.1%
Machinery including Computers	$25.2 billion	11.5%
Electrical Machinery & Equipment	$17.1 billion	7.8%
Vehicles	$15.3 billion	7%
Iron & Steel	$15.1 billion	6.9%
Plastics & Articles of Plastic	$11.7 billion	5.3%
Organic Chemicals	$5.9 billion	2.7%
Pharmaceuticals	$5 billion	2.3%
Technical, Optical, and Medical Apparatus	$4.7 billion	202%

These top commodities of Turkey accounted for 70.9% of the overall import value for this country in 2020.

For more info on Turkey's import-export trade data and activities, you can connect to us on our official website as Exim provides top-notch import-export marketing intelligence reports on all global countries. The data assists businesses and companies in their various business-related decision-making processes.

The data also help our clients evaluate the most effective and profitable trade strategy according to the global market demand and consumption rate. 

Getting To Know The Trade Strategies China Uses For Its Global Trade Business Across The World

 China Import And Export Data is an essential tool that contains crucial insights into the trade activities of this country. The customs import-export data Exim provides helps you acknowledge the modern trends and flow of the global trade markets. This allows you to form a more suitable trade strategy for your global import-export trade business.

The data Exim provides is based on factual sources of information including Import bills, Shipping bills, Invoices, and some other essential import-export trade documents needed for trade across foreign countries.

To make sure we offer you up-to-date, genuine, and most reliable customs reports, we source information from authorized sources of links which includes Chinese customs departments, Trade associations, Shipping & Logistics Companies, Port Authorities, Government Bodies, etc.

Year Wise Import-Export Trade Value and Shipment Record Data

● The total trade value of China imports in the year 2017 was recorded at $2,208.50 billion, an increase of 13.58% from 2016.

● The total trade value of China imports in the year 2018 was recorded at $2,548.88 billion, an increase of 15.41% from 2017.

● The total trade value of China imports in the year 2019 was recorded at $2,476.29 billion, a decline of 2.85% from 2018.

● The total trade value of China imports in the year 2020 was recorded at $2,357.11 billion, a decline of 4.81% from 2019.

Exports

● The total trade value of China exports in the year 2017 was recorded at $2,424.20 billion, an increase of 10.19% from 2016.

● The total trade value of China exports in the year 2018 was recorded at $2,655.59 billion, an increase of 9.55% from 2017.

● The total trade value of China exports in the year 2019 was recorded at $2,641.27 billion, a decline of 0.54% from 2018.

● The total trade value of China exports in the year 2020 was recorded at $2,723.25 billion, an increase of 3.1% from 2019.

The data we provide helps you compare prices, Taxes, and Quantity of duty of goods and services being exported and imported into the global trade market through Exim’s smartly developed tools and data.

What does China import the most?

According to China Imports And Export Data 2020 and market analysis reports, Oil Seeds $45 billion (2.2%), Organic Chemicals $45.6 billion (2.2%), Vehicles $74 billion (3.6%), Copper $48.5 billion (2.4%), Mineral Oils & Fuels $267.6 billion (13%), Electrical Machinery & Equipment $548.7 billion (26.7%), Machinery & Computers $192 billion (9.3%), Technical, Optical & Medical Apparatus $99.1 billion (4.8%), Skag, Ash & Ores $180 billion (8.8%), and Plastics & Articles of Plastics were the top imported products of China in 2020. These major import categories accounted for 76.4% of the overall shipment value of this country in 2020.

The market intelligence reports of Exim trade data help you connect with the companies that match your business profile as per the requirements of your services.

Top Trading Partners of China

Based on market intelligence reports and research data, the United States $452.6 billion (17.5%), South Korea $112.5 billion (4.3%), Germany $86.8 billion (3.4%), Hong Kong $272.7 billion (10.5%), Vietnam $113.8 billion (4.4%), India $66.7 billion (2.6%), Netherlands $79 billion (3%), Taiwan $60.1 billion (2.3%), United Kingdom $72.6 billion (2.8%), Thailand $50.5 billion (2%), Singapore $57.5 billion (2.2%), Russia $50.6 billion (2%), Malaysia $56.4 billion (2.2%), and Australia $53.5 billion (2.1%) were the top export partners of this country in 2020 as per China Import Export Data.

For more info, you can connect to us directly or visit our official website for a quick and on-point overview of your current import-export trade statistics and strategies.