Insights for Turkey

MoM insights: 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%).

YoY insights: 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%).