Insights for Turkey

MoM insights: 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%).

YoY insights: 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%).