The following export product groups represent the highest dollar value in Turkish global shipments during 2018. Also shown is the percentage share each export category represents in terms of overall exports from Turkey.
Turkey’s trade, exports and imports were hit badly in the year 2008, when the trade deficit stood at -31%. Turkey has diversified its economy in the 2000s, following an active participation in exports to Europe and other Asian countries.
Top Turkey Exports. Top Turkey Imports. Top Turkey Imports from the World. In 2018, Turkey bought US$223 billion worth of imported products down by -7.9% since 2014 and down by -4.6% from 2017 to 2018. Top 10 Turkish Imports from Russia. Russia's exports to Turkey amounted to.
Exports from Turkey increased 12.1 percent from a year earlier to an all-time high of USD 16.0 billion in May 2019, as shipments of manufactured products, which accounted for 94.8 percent of total sales, rose 13.4 percent. Also, exports of mining and quarrying advanced 4.3 percent, while those of agriculture, hunting and forestry fell 16.5 percent.
The Ministry of Trade holds the authority to issue the list of prohibited and restricted imports into Turkey. This list is regulated by the Imports Communique issued on December 31, 2016.
The three major exports of Turkey includes coal, iron ore, and copper. The exports are very important as they help the country earn foreign exchange and build a bilateral trade partnership.
Below is a list showcasing 15 of Turkey’s top trading partners in terms of export sales. These are countries that imported the most Turkish shipments by dollar value during 2018. Also shown is each import country’s percentage of total Turkish exports.
Turkey services export is 43,994,000,000 in BoP, current US$ and services import is 24,056,000,000 in Bop, current US$.Turkey exports of goods and services as percentage of GDP is 24.80% and imports of goods and services as percentage of GDP is 29.32%.
The economy of Turkey is defined as an emerging market economy by the IMF. Turkey is among the world's developed countries according to the CIA World Factbook. Turkey is also defined by economists and political scientists as one of the world's newly industrialized countries.
Imports to Turkey plunged 19.3 percent from a year earlier to USD 17.8 billion in May 2019. Purchases of intermediate goods, which accounted for 79.1 percent of total imports, declined 16.7 percent; and those of capital and consumption goods slumped 23.5 percent and 33.6 percent, respectively.