Insights for Turkey

MoM insights: 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.

YoY insights: 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.