Data Insights

Overall, Turkey's total trade value for the month reached 57.93B USD, with imports totaling 33.76B USD (an increase of 4.27B USD or 14.49%) and exports at 24.17B USD (an increase of 3.56B USD or 17.29%). Year-on-year, total trade value was 57.93B USD, with imports at 33.76B USD (an increase of 3.35B USD or 11.02%) and exports at 24.17B USD (an increase of 2.95B USD or 13.88%).

In the month-on-month analysis, imports from Istanbul saw a significant increase of 1.72B USD, representing a 10.67% rise. Gizli Veri also showed a strong performance with a 960.02M USD increase (34.94%). Ankara's imports rose by 446.37M USD (18.21%). On the lower end, Çorum's imports decreased by 100.61M USD (-39.54%), while Manisa and Kastamonu saw declines of 36.21M USD (-8.34%) and 20.99M USD (-57.49%) respectively. For exports, Ankara led with a 1.42B USD increase (92.03%), followed by Istanbul with a 1.37B USD rise (14.43%). İzmir and Gaziantep also performed well with increases of 114.18M USD (10.18%) and 108.17M USD (12.83%). Conversely, Sakarya's exports fell by 123.02M USD (-19.08%), with Çorum and Balıkesir also experiencing declines of 23M USD (-8.80%) and 22.83M USD (-18.59%).

In the year-on-year analysis, imports from Istanbul increased by 1.02B USD (6.08%), while Ankara's imports surged by 929.26M USD (47.21%). Bursa also showed strong growth with a 736.6M USD increase (91.48%). On the downside, Gizli Veri's imports fell by 202.08M USD (-5.17%), and Hatay and Çorum saw declines of 93.26M USD (-13.13%) and 66.52M USD (-30.19%) respectively. For exports, Ankara's exports rose by 1.37B USD (86.42%), while Istanbul's exports increased by 298.12M USD (2.82%). Bursa also performed well with a 293.03M USD increase (32.32%). However, Trabzon's exports dropped by 72.58M USD (-47.37%), Zonguldak fell by 18.66M USD (-36.73%), and Mardin saw a decrease of 17.9M USD (-18.69%).

Overall, Turkey's trade values showed a robust increase both month-on-month and year-on-year. Total imports rose to 33.76B USD with a 14.49% increase from the previous month and an 11.02% increase from the previous year. Exports also saw a significant rise to 24.17B USD, marking a 17.30% month-on-month increase and a 13.88% year-on-year increase. The trade balance indicates a growing trade deficit, as imports outpaced exports significantly.

In the month-on-month analysis, Turkey's total imports reached 33.76B USD, reflecting a significant increase of 4.27B USD, which is a 14.49% rise. The top five countries contributing to this increase were Rest of the World (747.88M USD, 40.49%), France (566.43M USD, 65.34%), and Germany (448.28M USD, 18.96%). Conversely, the bottom five countries included Switzerland (-589.83M USD, -29.31%), Australia (-55.14M USD, -82.96%), and South Africa (-48.44M USD, -27.16%). For exports, the total value was 24.17B USD, with a rise of 3.56B USD, equating to a 17.30% increase. The leading contributors were Rest of the World (646.32M USD, 55.38%), Pakistan (317.73M USD, 9.99%), and Saudi Arabia (270.31M USD, 105.67%). The bottom performers were Germany (-161.3M USD, -9.43%), Italy (-137.42M USD, -12.43%), and Denmark (-86.23M USD, -46.82%).

In the year-on-year analysis, Turkey's imports totaled 33.76B USD, with a growth of 3.35B USD, representing a 11.02% increase. The top five countries were China (637.54M USD, 16.92%), United States (614.64M USD, 48.34%), and France (432.8M USD, 43.26%). The bottom five included Russia (-885.92M USD, -20.24%), Bolivia (-227.96M USD, -97.40%), and Italy (-183.35M USD, -11.53%). For exports, the total was 24.17B USD, with an increase of 2.95B USD, or 13.88%. The top contributors were Rest of the World (446.65M USD, 211.35%), Pakistan (276.17M USD, 376.60%), and France (262.07M USD, 27.97%). The bottom performers were Italy (-152.52M USD, -13.57%), Nigeria (-96.03M USD, -65.79%), and Azerbaijan (-85.44M USD, -23.71%).

Overall, Turkey's trade values showed mixed results. Total imports decreased by 466.59M (-1.56%) month-on-month, totaling 29.49B, while year-on-year, imports increased by 1.03B (3.64%). Exports saw a more significant decline month-on-month, with a drop of 1.39B (-6.29%), totaling 20.63B, but year-on-year, exports increased by 71.63M (0.35%). The trade balance reflects a challenging month for exports, particularly from major regions like Istanbul, while some regions like Ankara and Bursa showed resilience in both imports and exports.

In the month-on-month analysis, imports from Ankara showed a significant increase of 401.45M, reflecting a 19.58% rise, while Bursa also saw a notable increase of 314.6M (33.92%). Manisa had the highest percentage increase at 67.51% with a value change of 174.94M. Conversely, Istanbul experienced the largest decline in imports, with a decrease of 1.29B (-7.41%), followed by Kocaeli with a drop of 91.1M (-6.61%) and Mersin with a decrease of 54.41M (-15.51%). For exports, Çorum led with a 105.29M increase (67.46%), followed by Hatay with 97.28M (38.89%) and Mersin with 40.16M (10.03%). The largest decline in exports was also seen in Istanbul, with a drop of 933.27M (-8.93%), followed by Gaziantep with a decrease of 102.09M (-10.77%) and Kocaeli with a decline of 93.61M (-8.43%).

In the year-on-year analysis, imports from Ankara increased by 817.18M (49.99%), and Bursa saw a rise of 532.42M (75.03%). Manisa also had a positive change of 121.72M (38.97%). On the downside, imports from Istanbul decreased by 264.28M (-1.61%), and Antalya saw a decline of 37.98M (-30.65%). For exports, Ankara's exports increased by 410.36M (36.29%), while Mersin had a rise of 120.51M (39.17%). Sakarya also showed a positive change of 119.44M (22.73%). The largest decline in exports was in Istanbul, with a drop of 665.93M (-6.56%), followed by Izmir with a decrease of 97.62M (-8.00%) and Trabzon with a decline of 82.17M (-54.38%).

Overall, Turkey's total trade value for imports decreased by 466.59M (-1.56%) month-on-month, totaling 29.49B, while year-on-year, imports increased by 1.03B (3.64%). Exports saw a more pronounced decline month-on-month, down by 1.39B (-6.30%) to 20.63B, but year-on-year, they increased by 71.63M (0.34%). The trade balance reflects a challenging month for exports, while imports showed resilience in the face of global trade fluctuations.

In the month-on-month analysis, Turkey's imports saw a significant increase, with the highest growth coming from the 'Rest of the world' at 1.85B, reflecting a 43.92% increase. Germany and China also contributed positively with increases of 289.06M (13.93%) and 239.25M (6.18%) respectively. On the downside, imports from Russia dropped by 664.06M (-17.66%), followed by the United Arab Emirates and the United States with declines of 355.15M (-34.50%) and 352.65M (-19.49%). Exports experienced a mixed performance; the top increase was from Ukraine at 372.86M (20.35%), followed by Slovakia at 205.09M (31.37%) and the United Arab Emirates at 569.37M (9.10%). Conversely, Poland saw the largest decrease in exports, down by 146.71M (-21.23%), followed by Germany and the United States with declines of 128.97M (-7.01%) and 110.12M (-8.77%) respectively.

In the year-on-year analysis, imports from Switzerland showed the most significant growth at 2.01B, with a 50.57% increase, followed by China at 4.11B (16.71%) and the United States at 1.46B (16.90%). On the contrary, Italy experienced the largest decline in imports, down by 750.29M (-40.56%), followed by Russia at 3.1B (-18.68%) and Ukraine at 144.35M (-50.23%). Exports saw a positive trend with Germany leading at 1.71B (10.18%), followed by France at 932.18M (10.11%) and Syria at 216.5M (74.79%). However, exports to the 'Rest of the world' fell by 177.78M (-93.84%), with the United States and the Netherlands also experiencing declines of 134.01M (-10.53%) and 100.96M (-15.24%) respectively.

Overall, Turkey's total trade saw a month-on-month increase of 1.94B for imports (6.91%) and 1.49B for exports (7.25%). Year-on-year, imports increased by 2.6B (9.52%) while exports rose by 580.31M (2.71%). The highest month-on-month import increases were from Istanbul, Ankara, and Gizli Veri, while the largest decreases were from Çorum, Manisa, and Adana. For exports, Istanbul, Ankara, and Kocaeli had the highest increases, while Çorum, Hatay, and Eskişehir faced the largest declines.

In the month-on-month analysis, imports from Istanbul saw a significant increase of 1.03B, reflecting a 6.30% rise. Ankara also performed well with a 341.28% increase, amounting to 521.66M. Gizli Veri followed with a 143.60% increase, adding 348.48M. On the lower end, Çorum experienced a notable decline of 171.86M, which is a 44.87% drop. Manisa and Adana also saw decreases of 93.18M and 57.38M respectively, with percentage changes of -26.45% and -18.91%. For exports, Istanbul led with a 375.22M increase (3.72%), while Ankara and Kocaeli also showed positive changes of 193.5M (13.94%) and 154.47M (16.03%). Conversely, Çorum's exports fell by 55.65M (-26.28%), followed by Hatay and Eskişehir with declines of 41.88M and 15.49M respectively.

In the year-on-year analysis, imports from Istanbul increased by 1.26B, marking a 7.81% rise. Ankara's imports also grew significantly by 637.57M (45.13%). Gizli Veri saw a 436.59M increase (18.67%). On the downside, Çorum's imports dropped by 109.63M (-34.18%), Zonguldak decreased by 33.68M (-31.37%), and Gaziantep saw a decline of 31.91M (-5.19%). For exports, Istanbul's exports rose by 426.14M (4.25%), while Bursa and Mersin increased by 145.96M (14.57%) and 72.22M (22.82%) respectively. However, Çorum's exports fell by 123.94M (-44.26%), Ankara's by 97.62M (-5.81%), and Hatay's by 77.82M (-23.73%).

Overall, Turkey's total trade saw a month-on-month increase of 1.94 billion for imports (up 6.91%) and 1.49 billion for exports (up 7.26%). Year-on-year, imports increased by 2.6 billion (9.52%), while exports rose by 580.31 million (2.71%). The trade balance indicates a growing trend in both imports and exports, with notable increases in trade values across various countries and regions.

In the month-on-month analysis, imports from Switzerland saw the highest increase with a trade value of 2 billion, reflecting a significant rise of 684.48 million, which is a 52.09% increase. The United States followed with an increase of 1.81 billion, up by 462.77 million (34.37%). Russia also showed growth with 3.76 billion, increasing by 371.29 million (10.96%). On the lower end, imports from the United Arab Emirates decreased by 365.38 million (26.20%), while China saw a decline of 307.57 million (7.36%). France's imports dropped by 168.85 million (17.05%). For exports, Poland led with a trade value of 691.15 million, increasing by 156.99 million (29.39%). Denmark had a remarkable rise of 125.55 million (125.72%), while Germany's exports increased by 89.48 million (5.11%). Conversely, Greece's exports fell by 68.68 million (19.74%), the Netherlands decreased by 58.7 million (8.63%), and Slovenia's exports dropped by 28.67 million (10.77%).

In the year-on-year analysis, imports from Switzerland again topped the list with a trade value of 2 billion, showing a substantial increase of 1.02 billion (103.26%). Russia's imports rose by 789.99 million (26.60%), and the United States increased by 598.74 million (49.46%). On the downside, Italy's imports fell by 557.89 million (34.92%), while the Rest of the World decreased by 136.9 million (9.64%). Germany's imports also saw a decline of 91.29 million (4.21%). For exports, Germany led with 1.84 billion, increasing by 181.97 million (10.98%). The United Kingdom followed with an increase of 130.92 million (10.81%), and Romania's exports rose by 127.53 million (22.10%). On the contrary, the United States saw a decrease of 161.7 million (11.44%), Russia's exports fell by 140.79 million (20.20%), and Bulgaria's exports dropped by 134.53 million (22.92%).