Insights for Turkey

MoM insights: 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%).

YoY insights: 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%).